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 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 2 7 0.6 1.7
51k-75k 6 1 0
76k-100k 1 14 3 2.3 0.4
101k-125k 4 19 3 0.8 1.3
126k-150k 6 26 3 0.7 1.4
151k-175k 8 28 2 0.6 1.7
176k-200k 17 52 10 0.5 2
201k-225k 22 45 10 0.3 2.9
226k-250k 28 81 11 0.5 2.1
251k-275k 42 62 11 0.2 4.1
276k-300k 33 72 17 0.4 2.8
301k-325k 27 70 7 0.4 2.3
326k-350k 33 51 8 0.3 3.9
351k-375k 32 42 6 0.2 4.6
376k-400k 24 47 11 0.3 3.1
401k-425k 12 30 4 0.4 2.4
426k-450k 23 26 3 0.2 5.3
451k-475k 16 8 3 0.1 12
476k-500k 16 24 5 0.3 4
501k-550k 26 26 3 0.2 6
551k-600k 13 13 1 0.2 6
601k-650k 5 8 2 0.3 3.8
651k-700k 4 9 2 0.4 2.7
701k-750k 2 2 0.2 6
751k-800k 5 2 0.1 15
801k-850k 1 0
851k-900k 3 0
951k-1m 2 2 0.2 6
1.2m-1.3m 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 0
2.25m-2.5m 1 0

Townhouses 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
201k-225k 2 1 0.3 0
226k-250k 1 0.2 0
251k-275k 1 2 1 0.3 3
276k-300k 18 43 4 0.4 2.5
301k-325k 10 7 1 0.1 8.6
326k-350k 6 1 1 0 36
351k-375k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 0.2 0

Condos 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
101k-125k 2 1 0.3 0
126k-150k 1 0.2 0
151k-175k 3 2 0.1 9
176k-200k 3 0.5 0
201k-225k 2 3 1 0.3 4
226k-250k 1 5 0.8 1.2
276k-300k 1 0.2 0
301k-325k 1 0.2 0
1.2m-1.3m 1 0

Land 27% 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 10 1 1.7 0.6
26k-50k 6 13 2 0.4 2.8
51k-75k 8 17 1 0.4 2.8
76k-100k 4 6 2 0.3 4
101k-125k 1 3 0.5 2
126k-150k 4 0
151k-175k 1 0
176k-200k 3 2 0.1 9
201k-225k 2 0
251k-275k 1 0
276k-300k 2 0
326k-350k 1 1 0.2 6
351k-375k 1 0
376k-400k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
9.01m-10m 1 1 0.2 0