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 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
51k-75k 2 0.3 0
76k-100k 4 1 0.7 0
101k-125k 8 2 1.3 0
126k-150k 2 11 2 0.9 1.1
151k-175k 1 12 1 2 0.5
176k-200k 13 5 2.2 0
201k-225k 6 13 3 0.4 2.8
226k-250k 9 25 5 0.5 2.2
251k-275k 9 37 4 0.7 1.5
276k-300k 23 44 7 0.3 3.1
301k-325k 18 62 10 0.6 1.7
326k-350k 17 52 11 0.5 2
351k-375k 19 43 5 0.4 2.7
376k-400k 23 59 11 0.4 2.3
401k-425k 9 42 6 0.8 1.3
426k-450k 12 47 6 0.7 1.5
451k-475k 11 34 4 0.5 1.9
476k-500k 12 37 5 0.5 1.9
501k-550k 27 51 7 0.3 3.2
551k-600k 11 35 0.5 1.9
601k-650k 20 43 7 0.4 2.8
651k-700k 16 21 3 0.2 4.6
701k-750k 9 20 1 0.4 2.7
751k-800k 6 6 3 0.2 6
801k-850k 2 6 1 0.5 2
851k-900k 3 8 0.4 2.3
901k-950k 2 5 1 0.4 2.4
951k-1m 5 1 0 30
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 1 1 0.2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
3m-3.5m 1 1 0.2 0
4m-4.5m 1 0

Townhouses 47% 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
226k-250k 2 0.3 0
251k-275k 4 3 1 0.1 8
276k-300k 1 6 2 1 1
301k-325k 10 18 5 0.3 3.3
326k-350k 15 3 2.5 0
351k-375k 2 9 1 0.8 1.3
376k-400k 4 6 1 0.3 4
401k-425k 3 0.5 0
426k-450k 2 4 2 0.3 3
451k-475k 1 1 1 0.2 6
476k-500k 1 1 0.2 6
501k-550k 1 0.2 0
551k-600k 2 1 0.3 0

Condos 56% 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
126k-150k 1 1 0.2 0
176k-200k 1 0
201k-225k 2 0.3 0
226k-250k 1 3 1 0.5 2
251k-275k 1 0.2 0
301k-325k 1 1 0.2 0
326k-350k 1 0.2 0
501k-550k 1 0
551k-600k 1 0

Land 22% 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 1 0.2 0
26k-50k 4 4 2 0.2 6
51k-75k 6 10 3 0.3 3.6
76k-100k 2 8 1 0.7 1.5
101k-125k 3 3 1 0.2 6
126k-150k 4 0
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 1 1 1 0.2 6
226k-250k 1 1 0.2 0
251k-275k 3 0
276k-300k 2 3 0.3 4
301k-325k 2 0
326k-350k 1 0
376k-400k 3 0
426k-450k 3 0
476k-500k 5 0
501k-550k 3 1 0.1 18
551k-600k 2 0
601k-650k 1 1 0.2 6
701k-750k 1 1 0.2 6
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 1 1 0.2 6
951k-1m 1 0.2 0
1m-1.1m 1 0
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
6.01m-7m 1 0
9.01m-10m 1 1 0.2 6