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 28% 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 8 3 1.3 0
51k-75k 7 1 1.2 0
76k-100k 4 13 1 0.5 1.8
101k-125k 2 16 1 1.3 0.8
126k-150k 9 26 4 0.5 2.1
151k-175k 6 20 2 0.6 1.8
176k-200k 15 46 3 0.5 2
201k-225k 21 38 5 0.3 3.3
226k-250k 31 67 5 0.4 2.8
251k-275k 35 53 10 0.3 4
276k-300k 37 63 8 0.3 3.5
301k-325k 29 67 13 0.4 2.6
326k-350k 29 52 9 0.3 3.3
351k-375k 22 44 10 0.3 3
376k-400k 25 44 6 0.3 3.4
401k-425k 12 21 5 0.3 3.4
426k-450k 19 18 1 0.2 6.3
451k-475k 6 9 2 0.3 4
476k-500k 13 16 2 0.2 4.9
501k-550k 4 21 6 0.9 1.1
551k-600k 10 10 2 0.2 6
601k-650k 5 12 1 0.4 2.5
651k-700k 4 7 0.3 3.4
701k-750k 5 1 0 30
751k-800k 4 1 0 24
801k-850k 1 0
851k-900k 3 0
951k-1m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0.2 0

Townhouses 33% 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 0.3 0
226k-250k 1 1 0.2 6
251k-275k 1 1 0.2 6
276k-300k 15 50 8 0.6 1.8
301k-325k 9 4 1 0.1 13.5
326k-350k 5 2 1 0.1 15
351k-375k 1 0.2 0
426k-450k 1 0.2 0

Condos 43% 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 1 0.2 0
126k-150k 2 0.3 0
151k-175k 2 1 1 0.1 12
176k-200k 2 0.3 0
201k-225k 1 3 1 0.5 2
226k-250k 1 4 0.7 1.5
301k-325k 1 0.2 0
651k-700k 1 1 0.2 0
1.2m-1.3m 1 1 0.2 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 13 3 2.2 0
26k-50k 5 12 3 0.4 2.5
51k-75k 8 16 1 0.3 3
76k-100k 3 5 1 0.3 3.6
101k-125k 2 4 1 0.3 3
126k-150k 5 0
176k-200k 2 0.3 0
201k-225k 2 0
226k-250k 1 0
251k-275k 1 0
276k-300k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
451k-475k 1 0
476k-500k 1 0
551k-600k 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
9.01m-10m 1 0.2 0