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 27% 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 2 0.3 0
151k-175k 2 4 0.3 3
176k-200k 1 6 2 1 1
201k-225k 1 6 2 1 1
226k-250k 2 3 0.3 4
251k-275k 6 1 0
276k-300k 7 12 1 0.3 3.5
301k-325k 8 19 3 0.4 2.5
326k-350k 9 20 6 0.4 2.7
351k-375k 17 27 3 0.3 3.8
376k-400k 14 39 4 0.5 2.2
401k-425k 11 26 5 0.4 2.5
426k-450k 21 30 8 0.2 4.2
451k-475k 15 26 1 0.3 3.5
476k-500k 17 30 8 0.3 3.4
501k-550k 24 47 11 0.3 3.1
551k-600k 24 35 7 0.2 4.1
601k-650k 23 35 1 0.3 3.9
651k-700k 22 27 7 0.2 4.9
701k-750k 14 17 4 0.2 4.9
751k-800k 15 20 3 0.2 4.5
801k-850k 9 20 4 0.4 2.7
851k-900k 19 10 5 0.1 11.4
901k-950k 7 16 3 0.4 2.6
951k-1m 21 16 3 0.1 7.9
1m-1.1m 8 10 2 0.2 4.8
1.1m-1.2m 14 14 2 0.2 6
1.2m-1.3m 9 9 2 0.2 6
1.3m-1.4m 2 5 0.4 2.4
1.4m-1.5m 3 7 1 0.4 2.6
1.5m-1.6m 3 3 2 0.2 6
1.6m-1.7m 1 5 1 0.8 1.2
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 2 2 0.2 6
1.9m-2m 2 1 1 0.1 12
2m-2.25m 7 9 0.2 4.7
2.25m-2.5m 7 5 0.1 8.4
2.5m-2.75m 4 5 1 0.2 4.8
2.75m-3m 1 1 0.2 6
3m-3.5m 7 3 0.1 14
3.5m-4m 3 4 1 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 37% 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 3 0.2 6
301k-325k 1 6 2 1 1
326k-350k 5 3 2 0.1 10
351k-375k 5 5 2 0.2 6
376k-400k 1 9 4 1.5 0.7
401k-425k 4 1 0 24
426k-450k 4 4 1 0.2 6
451k-475k 1 3 0.5 2
476k-500k 2 7 1 0.6 1.7
501k-550k 2 5 1 0.4 2.4
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 0
1.6m-1.7m 1 0.2 0

Condos 20% 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 1 3 2 0.5 2
226k-250k 10 7 0.1 8.6
251k-275k 11 6 0.1 11
276k-300k 7 14 3 0.3 3
301k-325k 3 10 1 0.6 1.8
326k-350k 5 5 0.2 6
351k-375k 2 4 0.3 3
376k-400k 5 7 3 0.2 4.3
401k-425k 3 2 1 0.1 9
426k-450k 5 0
451k-475k 1 8 3 1.3 0.8
476k-500k 4 5 2 0.2 4.8
501k-550k 2 4 0.3 3
551k-600k 5 6 0.2 5
601k-650k 1 0
651k-700k 2 3 1 0.3 4
701k-750k 2 0
751k-800k 2 2 1 0.2 6
801k-850k 2 1 0.1 12
851k-900k 4 1 0 24
901k-950k 1 2 1 0.3 3
951k-1m 2 1 0.1 12
1m-1.1m 3 2 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
1.4m-1.5m 1 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 3 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 7 9 1 0.2 4.7
76k-100k 13 10 1 0.1 7.8
101k-125k 10 13 4 0.2 4.6
126k-150k 18 11 1 0.1 9.8
151k-175k 17 1 0 102
176k-200k 18 3 0 36
201k-225k 12 2 1 0 36
226k-250k 9 4 0.1 13.5
251k-275k 4 6 0.3 4
276k-300k 13 0
301k-325k 2 2 0.2 6
326k-350k 5 0
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 4 3 1 0.1 8
551k-600k 5 1 0 30
601k-650k 3 0
651k-700k 3 2 1 0.1 9
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 3 2 0.1 9
901k-950k 4 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 1 0.1 12
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