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 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
51k-75k 1 1 0.2 0
76k-100k 4 2 0.7 0
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 2 2 0.2 6
176k-200k 2 6 2 0.5 2
201k-225k 5 5 1 0.2 6
226k-250k 1 10 1 1.7 0.6
251k-275k 1 11 1 1.8 0.5
276k-300k 9 23 2 0.4 2.3
301k-325k 6 35 9 1 1
326k-350k 11 16 3 0.2 4.1
351k-375k 9 33 4 0.6 1.6
376k-400k 17 29 8 0.3 3.5
401k-425k 15 25 2 0.3 3.6
426k-450k 15 26 6 0.3 3.5
451k-475k 14 19 5 0.2 4.4
476k-500k 13 28 3 0.4 2.8
501k-550k 16 48 8 0.5 2
551k-600k 22 18 1 0.1 7.3
601k-650k 13 16 5 0.2 4.9
651k-700k 11 18 0.3 3.7
701k-750k 6 11 2 0.3 3.3
751k-800k 10 10 0.2 6
801k-850k 6 11 2 0.3 3.3
851k-900k 9 3 0.1 18
901k-950k 5 8 1 0.3 3.8
951k-1m 2 7 2 0.6 1.7
1m-1.1m 6 9 1 0.3 4
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 8 3 0.1 16
1.3m-1.4m 4 4 0.2 6
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 4 1 0 24
1.7m-1.8m 3 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4.5m-5m 1 0
8.01m-9m 1 0

Townhouses 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
301k-325k 2 1 0.3 0
326k-350k 2 9 0.8 1.3
351k-375k 10 8 1 0.1 7.5
376k-400k 5 5 2 0.2 6
401k-425k 3 0.5 0
426k-450k 1 5 2 0.8 1.2
451k-475k 2 1 0.1 12
476k-500k 1 3 2 0.5 2
501k-550k 1 3 0.5 2
551k-600k 2 3 0.3 4
601k-650k 1 1 0.2 6
651k-700k 1 1 1 0.2 6
701k-750k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 2 0

Condos 19% 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 0.2 0
176k-200k 4 2 0.7 0
201k-225k 4 3 0.1 8
226k-250k 4 5 1 0.2 4.8
251k-275k 1 2 0.3 3
276k-300k 1 7 1.2 0.9
301k-325k 2 3 2 0.3 4
326k-350k 1 4 0.7 1.5
351k-375k 2 3 1 0.3 4
376k-400k 4 5 0.2 4.8
401k-425k 3 4 2 0.2 4.5
426k-450k 1 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 3 1 0.5 2
551k-600k 1 0
1.5m-1.6m 1 0
2.5m-2.75m 1 0

Land 9% 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 10 7 2 0.1 8.6
26k-50k 67 13 1 0 30.9
51k-75k 36 11 4 0.1 19.6
76k-100k 26 8 2 0.1 19.5
101k-125k 16 3 0 32
126k-150k 18 6 0.1 18
151k-175k 5 2 1 0.1 15
176k-200k 15 2 1 0 45
201k-225k 6 1 0 36
226k-250k 12 6 2 0.1 12
251k-275k 4 2 0.1 12
276k-300k 7 4 1 0.1 10.5
301k-325k 2 1 0.1 12
326k-350k 1 2 0.3 3
351k-375k 1 0.2 0
376k-400k 2 0
401k-425k 1 1 0.2 6
426k-450k 5 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 6 2 0.1 18
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0.2 0
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.75m-3m 1 0