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 Since 12/31 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 0.2 0
101k-125k 3 0.5 0
126k-150k 3 0.5 0
151k-175k 4 2 0.7 0
176k-200k 8 1.3 0
201k-225k 1 9 3 1.5 0.7
226k-250k 5 1 0.8 0
251k-275k 3 11 2 0.6 1.6
276k-300k 3 17 4 0.9 1.1
301k-325k 5 22 3 0.7 1.4
326k-350k 8 19 2 0.4 2.5
351k-375k 20 27 3 0.2 4.4
376k-400k 13 51 10 0.7 1.5
401k-425k 10 39 9 0.7 1.5
426k-450k 15 40 3 0.4 2.3
451k-475k 16 40 7 0.4 2.4
476k-500k 20 36 9 0.3 3.3
501k-550k 26 58 8 0.4 2.7
551k-600k 29 33 6 0.2 5.3
601k-650k 27 44 8 0.3 3.7
651k-700k 19 32 4 0.3 3.6
701k-750k 17 27 1 0.3 3.8
751k-800k 17 31 4 0.3 3.3
801k-850k 14 20 1 0.2 4.2
851k-900k 14 26 8 0.3 3.2
901k-950k 14 19 3 0.2 4.4
951k-1m 18 22 4 0.2 4.9
1m-1.1m 13 16 3 0.2 4.9
1.1m-1.2m 13 17 1 0.2 4.6
1.2m-1.3m 12 15 1 0.2 4.8
1.3m-1.4m 4 11 0.5 2.2
1.4m-1.5m 6 15 4 0.4 2.4
1.5m-1.6m 5 4 0.1 7.5
1.6m-1.7m 3 5 0.3 3.6
1.7m-1.8m 4 9 2 0.4 2.7
1.8m-1.9m 3 3 0.2 6
1.9m-2m 3 1 0.1 18
2m-2.25m 6 14 1 0.4 2.6
2.25m-2.5m 6 7 1 0.2 5.1
2.5m-2.75m 7 8 1 0.2 5.3
2.75m-3m 3 2 1 0.1 9
3m-3.5m 7 5 1 0.1 8.4
3.5m-4m 9 2 0 27
4m-4.5m 1 0.2 0
4.5m-5m 1 2 1 0.3 3
5.01m-6m 2 0
6.01m-7m 1 0
12.01m-13m 2 0
14.01m-15m 1 0
19.01m-20m 1 1 0.2 6

Townhouses 39% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.2 0
276k-300k 1 6 2 1 1
301k-325k 2 5 0.4 2.4
326k-350k 1 4 0.7 1.5
351k-375k 12 2 0 36
376k-400k 7 8 3 0.2 5.3
401k-425k 4 5 1 0.2 4.8
426k-450k 2 5 1 0.4 2.4
451k-475k 1 4 1 0.7 1.5
476k-500k 3 10 2 0.6 1.8
501k-550k 5 7 1 0.2 4.3
601k-650k 1 2 0.3 3
651k-700k 2 4 0.3 3
701k-750k 1 1 0.2 6
751k-800k 1 0
901k-950k 3 0.5 0
951k-1m 1 2 1 0.3 3
1m-1.1m 1 4 4 0.7 1.5
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 1 0.2 0

Condos 22% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.3 0
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 1 5 2 0.8 1.2
226k-250k 4 10 1 0.4 2.4
251k-275k 8 8 2 0.2 6
276k-300k 10 17 3 0.3 3.5
301k-325k 5 8 1 0.3 3.8
326k-350k 4 8 1 0.3 3
351k-375k 4 4 0.2 6
376k-400k 4 5 3 0.2 4.8
401k-425k 5 0
426k-450k 4 1 0 24
451k-475k 4 5 1 0.2 4.8
476k-500k 6 5 1 0.1 7.2
501k-550k 8 8 3 0.2 6
551k-600k 4 7 1 0.3 3.4
601k-650k 2 3 1 0.3 4
651k-700k 4 3 0.1 8
701k-750k 6 2 0.1 18
751k-800k 1 0
801k-850k 2 2 1 0.2 6
851k-900k 3 2 0.1 9
901k-950k 1 1 0.2 6
951k-1m 2 2 0.2 6
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 2 0
1.6m-1.7m 1 1 0.2 0
1.7m-1.8m 1 1 0.2 6
2.75m-3m 1 2 2 0.3 3
4m-4.5m 1 0

Land 16% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 5 4 1 0.1 7.5
51k-75k 6 14 1 0.4 2.6
76k-100k 13 11 0.1 7.1
101k-125k 13 16 1 0.2 4.9
126k-150k 24 16 1 0.1 9
151k-175k 16 7 1 0.1 13.7
176k-200k 19 5 1 0 22.8
201k-225k 11 4 1 0.1 16.5
226k-250k 13 5 0.1 15.6
251k-275k 6 7 1 0.2 5.1
276k-300k 12 2 2 0 36
301k-325k 3 3 1 0.2 6
326k-350k 7 2 0 21
351k-375k 5 2 0.1 15
376k-400k 8 4 0.1 12
401k-425k 4 1 0 24
426k-450k 3 1 0.1 18
451k-475k 5 5 1 0.2 6
476k-500k 4 3 1 0.1 8
501k-550k 5 4 0.1 7.5
551k-600k 5 0
601k-650k 3 1 0.1 18
651k-700k 5 2 0.1 15
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 5 1 1 0 30
901k-950k 4 0
951k-1m 1 1 0.2 6
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 0
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 3 3 1 0.2 6
1.9m-2m 1 0
2.25m-2.5m 2 2 0.2 6
2.75m-3m 1 0
3m-3.5m 2 0
3.5m-4m 3 0
7.01m-8m 1 0.2 0
13.01m-14m 1 0