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 3 1 0.5 0
101k-125k 2 1 0.3 0
126k-150k 3 1 0.5 0
151k-175k 2 2 0.2 6
176k-200k 2 6 2 0.5 2
201k-225k 5 6 2 0.2 5
226k-250k 1 10 1 1.7 0.6
251k-275k 11 1 1.8 0
276k-300k 10 23 2 0.4 2.6
301k-325k 7 35 9 0.8 1.2
326k-350k 8 16 2 0.3 3
351k-375k 10 33 5 0.6 1.8
376k-400k 18 28 9 0.3 3.9
401k-425k 16 24 4 0.3 4
426k-450k 17 26 5 0.3 3.9
451k-475k 14 19 6 0.2 4.4
476k-500k 13 29 3 0.4 2.7
501k-550k 15 49 8 0.5 1.8
551k-600k 22 20 2 0.2 6.6
601k-650k 12 17 5 0.2 4.2
651k-700k 11 17 0.3 3.9
701k-750k 7 14 1 0.3 3
751k-800k 10 10 0.2 6
801k-850k 6 10 2 0.3 3.6
851k-900k 10 6 0.1 10
901k-950k 6 7 0.2 5.1
951k-1m 3 6 2 0.3 3
1m-1.1m 6 8 2 0.2 4.5
1.1m-1.2m 4 3 1 0.1 8
1.2m-1.3m 7 3 0.1 14
1.3m-1.4m 5 4 0.1 7.5
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 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
301k-325k 1 0.2 0
326k-350k 2 10 1 0.8 1.2
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 1 0.5 2
551k-600k 2 3 0.3 4
601k-650k 1 1 0.2 6
651k-700k 1 0
901k-950k 1 0.2 0
951k-1m 2 0

Condos 17% 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 3 3 0.2 6
226k-250k 5 4 0.1 7.5
251k-275k 1 3 0.5 2
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 4 3 1 0.1 8
426k-450k 1 3 0.5 2
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 9 7 2 0.1 7.7
26k-50k 66 13 1 0 30.5
51k-75k 36 10 3 0 21.6
76k-100k 27 9 3 0.1 18
101k-125k 16 5 0.1 19.2
126k-150k 18 6 0.1 18
151k-175k 5 1 0 30
176k-200k 15 3 2 0 30
201k-225k 6 1 0 36
226k-250k 13 5 1 0.1 15.6
251k-275k 4 2 0.1 12
276k-300k 9 2 0 27
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 0.2 0
426k-450k 5 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 5 2 0.1 15
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