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 29% 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 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 1 5 1 0.8 1.2
176k-200k 1 5 1 0.8 1.2
201k-225k 1 5 2 0.8 1.2
226k-250k 1 4 2 0.7 1.5
251k-275k 1 6 1 1
276k-300k 5 10 1 0.3 3
301k-325k 5 16 3 0.5 1.9
326k-350k 5 21 7 0.7 1.4
351k-375k 20 24 2 0.2 5
376k-400k 14 33 3 0.4 2.5
401k-425k 15 27 2 0.3 3.3
426k-450k 16 26 8 0.3 3.7
451k-475k 14 28 2 0.3 3
476k-500k 18 27 5 0.3 4
501k-550k 15 54 13 0.6 1.7
551k-600k 28 34 4 0.2 4.9
601k-650k 20 36 5 0.3 3.3
651k-700k 23 26 4 0.2 5.3
701k-750k 11 19 4 0.3 3.5
751k-800k 16 19 4 0.2 5.1
801k-850k 4 21 2 0.9 1.1
851k-900k 9 12 5 0.2 4.5
901k-950k 6 15 4 0.4 2.4
951k-1m 14 14 3 0.2 6
1m-1.1m 9 8 0.1 6.8
1.1m-1.2m 10 13 1 0.2 4.6
1.2m-1.3m 8 8 1 0.2 6
1.3m-1.4m 2 4 0.3 3
1.4m-1.5m 2 10 4 0.8 1.2
1.5m-1.6m 1 3 2 0.5 2
1.6m-1.7m 3 0.5 0
1.7m-1.8m 4 3 0.1 8
1.8m-1.9m 1 4 2 0.7 1.5
1.9m-2m 4 1 0 24
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 5 5 0.2 6
2.5m-2.75m 4 3 0.1 8
3m-3.5m 7 4 0.1 10.5
3.5m-4m 3 3 0.2 6
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 2 0
14.01m-15m 1 0
16.01m-17m 1 0

Townhouses 30% 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 2 1 0.1 12
276k-300k 4 1 0.7 0
301k-325k 1 7 1 1.2 0.9
326k-350k 4 3 2 0.1 8
351k-375k 5 6 1 0.2 5
376k-400k 2 9 1 0.8 1.3
401k-425k 4 2 0.1 12
426k-450k 4 4 0.2 6
451k-475k 3 3 0.2 6
476k-500k 3 5 0.3 3.6
501k-550k 2 4 0.3 3
551k-600k 2 2 0.2 6
601k-650k 2 3 0.3 4
651k-700k 2 4 0.3 3
701k-750k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 2 1 0.1 12
1m-1.1m 1 3 0.5 2
1.1m-1.2m 2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0.2 0

Condos 16% 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
151k-175k 1 0.2 0
176k-200k 3 0.5 0
201k-225k 1 3 0.5 2
226k-250k 6 7 2 0.2 5.1
251k-275k 11 4 0.1 16.5
276k-300k 8 11 1 0.2 4.4
301k-325k 3 7 0.4 2.6
326k-350k 5 5 1 0.2 6
351k-375k 2 3 0.3 4
376k-400k 3 8 1 0.4 2.3
401k-425k 3 2 0.1 9
426k-450k 3 2 0.1 9
451k-475k 1 6 1 1 1
476k-500k 4 3 0.1 8
501k-550k 3 3 0.2 6
551k-600k 3 5 1 0.3 3.6
601k-650k 1 1 0.2 6
651k-700k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 3 1 0.5 2
801k-850k 1 1 0.2 6
851k-900k 2 2 1 0.2 6
901k-950k 2 2 0.2 6
951k-1m 4 1 0 24
1m-1.1m 3 1 1 0.1 18
1.1m-1.2m 1 0.2 0
1.2m-1.3m 4 0
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
1.8m-1.9m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0.2 0
4m-4.5m 1 0
4.5m-5m 1 0

Land 8% 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
26k-50k 7 2 0 21
51k-75k 7 6 3 0.1 7
76k-100k 17 10 1 0.1 10.2
101k-125k 15 11 1 0.1 8.2
126k-150k 18 10 1 0.1 10.8
151k-175k 17 0
176k-200k 18 6 2 0.1 18
201k-225k 11 1 0 66
226k-250k 10 2 0 30
251k-275k 3 6 1 0.3 3
276k-300k 13 0
301k-325k 3 2 0.1 9
326k-350k 7 0
351k-375k 3 2 0.1 9
376k-400k 4 1 0 24
401k-425k 6 1 0 36
426k-450k 1 0
451k-475k 6 2 0.1 18
476k-500k 5 1 0 30
501k-550k 5 3 1 0.1 10
551k-600k 7 1 0 42
601k-650k 2 0
651k-700k 4 1 1 0 24
701k-750k 1 0
801k-850k 1 0
851k-900k 3 2 0.1 9
901k-950k 4 0
951k-1m 1 0
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 0
1.9m-2m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
7.01m-8m 1 0.2 0
12.01m-13m 1 0
13.01m-14m 1 0