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 36% 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 1 0.9 1.1
151k-175k 1 12 1 2 0.5
176k-200k 1 10 4 1.7 0.6
201k-225k 6 13 4 0.4 2.8
226k-250k 8 25 3 0.5 1.9
251k-275k 8 36 4 0.8 1.3
276k-300k 26 43 6 0.3 3.6
301k-325k 14 59 10 0.7 1.4
326k-350k 19 49 8 0.4 2.3
351k-375k 16 42 5 0.4 2.3
376k-400k 22 56 10 0.4 2.4
401k-425k 8 42 5 0.9 1.1
426k-450k 15 42 6 0.5 2.1
451k-475k 8 35 5 0.7 1.4
476k-500k 11 36 5 0.5 1.8
501k-550k 26 49 6 0.3 3.2
551k-600k 11 32 0.5 2.1
601k-650k 19 37 6 0.3 3.1
651k-700k 15 19 2 0.2 4.7
701k-750k 10 18 1 0.3 3.3
751k-800k 4 6 2 0.3 4
801k-850k 2 5 1 0.4 2.4
851k-900k 3 8 0.4 2.3
901k-950k 2 4 0.3 3
951k-1m 3 1 0.1 18
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 2 1 0.1 12
1.4m-1.5m 1 1 0.2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.75m-3m 1 1 0.2 0
4m-4.5m 1 0

Townhouses 52% 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 2 6 2 0.5 2
301k-325k 6 21 7 0.6 1.7
326k-350k 1 15 2 2.5 0.4
351k-375k 3 8 1 0.4 2.3
376k-400k 4 6 2 0.3 4
401k-425k 1 0.2 0
426k-450k 2 5 3 0.4 2.4
451k-475k 1 1 0.2 0
476k-500k 2 1 0.1 12
501k-550k 1 0.2 0
551k-600k 1 0.2 0

Condos 63% 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 3 1 0.5 0
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 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
1k-25k 1 1 0.2 6
26k-50k 5 3 2 0.1 10
51k-75k 5 11 4 0.4 2.7
76k-100k 3 8 1 0.4 2.3
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
451k-475k 1 0
476k-500k 4 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
24.01m-25m 1 0