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 12 0.3 3
301k-325k 8 18 4 0.4 2.7
326k-350k 8 20 6 0.4 2.4
351k-375k 15 30 8 0.3 3
376k-400k 12 43 5 0.6 1.7
401k-425k 14 29 4 0.3 2.9
426k-450k 19 33 9 0.3 3.5
451k-475k 15 28 2 0.3 3.2
476k-500k 19 31 9 0.3 3.7
501k-550k 28 44 7 0.3 3.8
551k-600k 25 36 7 0.2 4.2
601k-650k 24 37 3 0.3 3.9
651k-700k 20 32 11 0.3 3.8
701k-750k 14 15 2 0.2 5.6
751k-800k 16 20 1 0.2 4.8
801k-850k 11 17 2 0.3 3.9
851k-900k 15 12 5 0.1 7.5
901k-950k 9 15 2 0.3 3.6
951k-1m 22 16 2 0.1 8.3
1m-1.1m 8 12 2 0.3 4
1.1m-1.2m 12 16 6 0.2 4.5
1.2m-1.3m 10 9 1 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 7 11 0.3 3.8
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 8 4 1 0.1 12
376k-400k 3 9 4 0.5 2
401k-425k 4 2 0.1 12
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 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 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 3 11 1 0.6 1.6
326k-350k 6 5 0.1 7.2
351k-375k 4 4 0.2 6
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 3 1 0.1 18
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 13 11 2 0.1 7.1
101k-125k 12 10 1 0.1 7.2
126k-150k 19 11 1 0.1 10.4
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