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 38% 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 10 1 0.8 1.2
151k-175k 1 12 1 2 0.5
176k-200k 1 12 5 2 0.5
201k-225k 6 13 3 0.4 2.8
226k-250k 8 25 4 0.5 1.9
251k-275k 8 36 5 0.8 1.3
276k-300k 23 44 6 0.3 3.1
301k-325k 17 60 9 0.6 1.7
326k-350k 17 50 8 0.5 2
351k-375k 17 43 5 0.4 2.4
376k-400k 24 55 9 0.4 2.6
401k-425k 7 42 7 1 1
426k-450k 12 44 6 0.6 1.6
451k-475k 8 34 5 0.7 1.4
476k-500k 12 37 5 0.5 1.9
501k-550k 27 48 5 0.3 3.4
551k-600k 10 34 0.6 1.8
601k-650k 19 40 6 0.4 2.9
651k-700k 15 20 2 0.2 4.5
701k-750k 9 19 1 0.4 2.8
751k-800k 5 6 3 0.2 5
801k-850k 2 6 1 0.5 2
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 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 48% 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 9 19 6 0.4 2.8
326k-350k 15 3 2.5 0
351k-375k 2 9 1 0.8 1.3
376k-400k 4 5 1 0.2 4.8
401k-425k 1 0.2 0
426k-450k 2 4 2 0.3 3
451k-475k 1 1 1 0.2 6
476k-500k 2 1 0.1 12
501k-550k 1 0.2 0
551k-600k 2 1 0.3 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 23% 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 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