Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 26% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 1 4 0.7 1.5
176k-200k 7 2 1.2 0
201k-225k 1 7 2 1.2 0.9
226k-250k 4 1 0.7 0
251k-275k 1 5 0.8 1.2
276k-300k 6 13 0.4 2.8
301k-325k 8 19 4 0.4 2.5
326k-350k 8 20 6 0.4 2.4
351k-375k 15 30 8 0.3 3
376k-400k 12 42 4 0.6 1.7
401k-425k 15 28 3 0.3 3.2
426k-450k 18 33 10 0.3 3.3
451k-475k 16 26 1 0.3 3.7
476k-500k 18 32 9 0.3 3.4
501k-550k 27 45 7 0.3 3.6
551k-600k 24 35 7 0.2 4.1
601k-650k 23 39 3 0.3 3.5
651k-700k 21 31 10 0.2 4.1
701k-750k 13 15 2 0.2 5.2
751k-800k 16 21 1 0.2 4.6
801k-850k 11 17 2 0.3 3.9
851k-900k 14 12 5 0.1 7
901k-950k 9 15 2 0.3 3.6
951k-1m 22 16 2 0.1 8.3
1m-1.1m 8 11 1 0.2 4.4
1.1m-1.2m 11 16 6 0.2 4.1
1.2m-1.3m 10 9 2 0.2 6.7
1.3m-1.4m 3 6 0.3 3
1.4m-1.5m 4 7 1 0.3 3.4
1.5m-1.6m 3 4 1 0.2 4.5
1.6m-1.7m 2 7 2 0.6 1.7
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 2 2 0.2 6
1.9m-2m 3 1 0.1 18
2m-2.25m 6 12 0.3 3
2.25m-2.5m 7 5 0.1 8.4
2.5m-2.75m 5 6 1 0.2 5
2.75m-3m 3 1 0.1 18
3m-3.5m 7 3 0.1 14
3.5m-4m 3 4 2 0.2 4.5
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0
12.01m-13m 1 0
14.01m-15m 1 0
16.01m-17m 1 0

Townhouses 34% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 4 1 0.2 4.5
301k-325k 1 6 2 1 1
326k-350k 6 3 1 0.1 12
351k-375k 7 4 1 0.1 10.5
376k-400k 4 9 4 0.4 2.7
401k-425k 4 3 0.1 8
426k-450k 2 4 1 0.3 3
451k-475k 4 3 0.1 8
476k-500k 2 7 1 0.6 1.7
501k-550k 3 4 0.2 4.5
551k-600k 1 2 0.3 3
601k-650k 2 3 1 0.3 4
651k-700k 1 4 0.7 1.5
701k-750k 1 0.2 0
901k-950k 3 0.5 0
951k-1m 2 1 0.1 12
1m-1.1m 1 3 1 0.5 2
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0

Condos 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 3 1 0.5 0
201k-225k 3 1 0.5 0
226k-250k 8 8 1 0.2 6
251k-275k 11 4 0.1 16.5
276k-300k 7 16 5 0.4 2.6
301k-325k 4 10 0.4 2.4
326k-350k 6 5 0.1 7.2
351k-375k 5 4 0.1 7.5
376k-400k 2 7 5 0.6 1.7
401k-425k 2 2 1 0.2 6
426k-450k 5 0
451k-475k 3 6 2 0.3 3
476k-500k 5 4 1 0.1 7.5
501k-550k 2 4 0.3 3
551k-600k 5 6 1 0.2 5
601k-650k 1 0
651k-700k 2 3 1 0.3 4
701k-750k 2 0
751k-800k 2 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 4 1 0 24
901k-950k 2 2 1 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 3 2 1 0.1 9
1.1m-1.2m 2 0.3 0
1.2m-1.3m 4 1 0 24
1.3m-1.4m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0.2 0
4m-4.5m 1 0

Land 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0.2 0
26k-50k 7 2 0 21
51k-75k 6 9 1 0.3 4
76k-100k 12 11 2 0.2 6.5
101k-125k 13 10 1 0.1 7.8
126k-150k 20 11 1 0.1 10.9
151k-175k 16 1 0 96
176k-200k 20 3 0 40
201k-225k 13 3 1 0 26
226k-250k 11 4 0.1 16.5
251k-275k 3 8 0.4 2.3
276k-300k 13 0
301k-325k 2 2 0.2 6
326k-350k 5 2 0.1 15
351k-375k 6 1 0 36
376k-400k 5 2 0.1 15
401k-425k 6 1 0 36
426k-450k 2 1 0.1 12
451k-475k 6 3 0.1 12
476k-500k 5 2 0.1 15
501k-550k 5 2 0.1 15
551k-600k 5 1 0 30
601k-650k 3 0
651k-700k 4 1 0 24
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 5 2 1 0.1 15
901k-950k 4 0
951k-1m 1 1 0.2 6
1m-1.1m 1 1 0.2 6
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0
1.7m-1.8m 2 2 0.2 6
1.9m-2m 2 0
2.25m-2.5m 3 1 0.1 18
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
7.01m-8m 1 0.2 0
13.01m-14m 1 0