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 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
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 1 5 1 0.8 1.2
176k-200k 2 6 2 0.5 2
201k-225k 1 6 2 1 1
226k-250k 2 4 1 0.3 3
251k-275k 1 6 1 1 1
276k-300k 4 13 2 0.5 1.8
301k-325k 6 19 4 0.5 1.9
326k-350k 7 19 6 0.5 2.2
351k-375k 18 28 1 0.3 3.9
376k-400k 15 36 0.4 2.5
401k-425k 16 26 5 0.3 3.7
426k-450k 17 32 10 0.3 3.2
451k-475k 14 28 2 0.3 3
476k-500k 13 32 9 0.4 2.4
501k-550k 19 50 10 0.4 2.3
551k-600k 27 35 6 0.2 4.6
601k-650k 21 36 4 0.3 3.5
651k-700k 25 27 6 0.2 5.6
701k-750k 12 16 3 0.2 4.5
751k-800k 14 22 5 0.3 3.8
801k-850k 7 20 3 0.5 2.1
851k-900k 13 12 7 0.2 6.5
901k-950k 6 14 3 0.4 2.6
951k-1m 19 15 3 0.1 7.6
1m-1.1m 10 8 1 0.1 7.5
1.1m-1.2m 12 13 0.2 5.5
1.2m-1.3m 9 9 1 0.2 6
1.3m-1.4m 2 4 0.3 3
1.4m-1.5m 2 9 3 0.8 1.3
1.5m-1.6m 1 3 2 0.5 2
1.6m-1.7m 5 0.8 0
1.7m-1.8m 4 5 0.2 4.8
1.8m-1.9m 3 2 0.1 9
1.9m-2m 2 1 1 0.1 12
2m-2.25m 7 9 1 0.2 4.7
2.25m-2.5m 6 5 0.1 7.2
2.5m-2.75m 4 5 1 0.2 4.8
2.75m-3m 1 0
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 2 0
14.01m-15m 1 0
16.01m-17m 1 0

Townhouses 32% 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 1 1 1
326k-350k 4 4 3 0.2 6
351k-375k 5 5 1 0.2 6
376k-400k 2 10 4 0.8 1.2
401k-425k 5 2 0.1 15
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 1 0.3 3
551k-600k 2 2 0.2 6
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 0.5 2
1.5m-1.6m 1 0
1.6m-1.7m 1 0.2 0

Condos 17% 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 1 0.5 2
226k-250k 10 8 1 0.1 7.5
251k-275k 11 5 0.1 13.2
276k-300k 8 11 0.2 4.4
301k-325k 4 9 1 0.4 2.7
326k-350k 4 5 0.2 4.8
351k-375k 2 4 0.3 3
376k-400k 5 7 3 0.2 4.3
401k-425k 3 2 0.1 9
426k-450k 3 2 1 0.1 9
451k-475k 1 6 2 1 1
476k-500k 3 5 2 0.3 3.6
501k-550k 2 3 0.3 4
551k-600k 4 6 1 0.3 4
601k-650k 1 1 0.2 6
651k-700k 2 2 0.2 6
701k-750k 2 0
751k-800k 2 2 1 0.2 6
801k-850k 1 1 0.2 6
851k-900k 3 1 0.1 18
901k-950k 1 2 1 0.3 3
951k-1m 4 1 0 24
1m-1.1m 4 2 0.1 12
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 1 0.1 18
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
2.25m-2.5m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0.2 0
4m-4.5m 1 0

Land 9% 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 7 3 0.2 6
76k-100k 13 9 0.1 8.7
101k-125k 12 13 2 0.2 5.5
126k-150k 17 9 1 0.1 11.3
151k-175k 17 1 0 102
176k-200k 18 4 1 0 27
201k-225k 12 2 1 0 36
226k-250k 10 4 0.1 15
251k-275k 4 6 0.3 4
276k-300k 13 0
301k-325k 3 2 0.1 9
326k-350k 7 0
351k-375k 5 1 0 30
376k-400k 5 1 0 30
401k-425k 6 1 0 36
426k-450k 2 1 0.1 12
451k-475k 6 2 0.1 18
476k-500k 5 2 0.1 15
501k-550k 5 3 1 0.1 10
551k-600k 5 1 0 30
601k-650k 3 0
651k-700k 4 2 1 0.1 12
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
12.01m-13m 1 0
13.01m-14m 1 0