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 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 1 0.2 0
101k-125k 2 0.3 0
126k-150k 3 0.5 0
151k-175k 4 0.7 0
176k-200k 1 6 1 1 1
201k-225k 1 8 3 1.3 0.8
226k-250k 5 1 0.8 0
251k-275k 1 6 1 1
276k-300k 5 13 0.4 2.3
301k-325k 6 18 3 0.5 2
326k-350k 9 19 4 0.4 2.8
351k-375k 16 27 5 0.3 3.6
376k-400k 12 44 5 0.6 1.6
401k-425k 17 31 3 0.3 3.3
426k-450k 17 36 7 0.4 2.8
451k-475k 16 27 1 0.3 3.6
476k-500k 16 33 8 0.3 2.9
501k-550k 21 48 5 0.4 2.6
551k-600k 25 32 4 0.2 4.7
601k-650k 23 40 6 0.3 3.5
651k-700k 23 29 5 0.2 4.8
701k-750k 18 18 1 0.2 6
751k-800k 13 24 1 0.3 3.3
801k-850k 12 17 1 0.2 4.2
851k-900k 16 9 3 0.1 10.7
901k-950k 11 15 2 0.2 4.4
951k-1m 19 18 1 0.2 6.3
1m-1.1m 7 12 2 0.3 3.5
1.1m-1.2m 12 16 5 0.2 4.5
1.2m-1.3m 9 11 2 0.2 4.9
1.3m-1.4m 3 6 0.3 3
1.4m-1.5m 4 8 1 0.3 3
1.5m-1.6m 3 4 0.2 4.5
1.6m-1.7m 2 7 1 0.6 1.7
1.7m-1.8m 3 5 0.3 3.6
1.8m-1.9m 1 2 0.3 3
1.9m-2m 3 1 0.1 18
2m-2.25m 5 12 0.4 2.5
2.25m-2.5m 7 5 0.1 8.4
2.5m-2.75m 6 5 1 0.1 7.2
2.75m-3m 3 2 0.1 9
3m-3.5m 6 3 0.1 12
3.5m-4m 5 3 1 0.1 10
4m-4.5m 1 0.2 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 1 0
12.01m-13m 1 0
14.01m-15m 1 0

Townhouses 29% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 4 1 0.2 4.5
301k-325k 2 5 1 0.4 2.4
326k-350k 7 2 0 21
351k-375k 5 4 1 0.1 7.5
376k-400k 5 6 1 0.2 5
401k-425k 4 3 0.1 8
426k-450k 1 4 1 0.7 1.5
451k-475k 4 3 0.1 8
476k-500k 2 8 1 0.7 1.5
501k-550k 2 6 0.5 2
551k-600k 1 0
601k-650k 3 2 0.1 9
651k-700k 1 4 0.7 1.5
701k-750k 1 0.2 0
901k-950k 3 0.5 0
951k-1m 2 2 0.2 6
1m-1.1m 2 2 0.2 6
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0

Condos 19% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 2 0.3 0
226k-250k 7 8 0.2 5.3
251k-275k 9 5 1 0.1 10.8
276k-300k 8 18 5 0.4 2.7
301k-325k 4 10 1 0.4 2.4
326k-350k 4 6 0.3 4
351k-375k 4 4 0.2 6
376k-400k 4 3 1 0.1 8
401k-425k 3 2 2 0.1 9
426k-450k 5 1 1 0 30
451k-475k 6 6 1 0.2 6
476k-500k 5 3 0.1 10
501k-550k 2 4 0.3 3
551k-600k 5 7 2 0.2 4.3
601k-650k 1 1 0.2 6
651k-700k 3 2 0.1 9
701k-750k 3 0
751k-800k 1 1 0.2 6
801k-850k 2 1 0.1 12
851k-900k 3 1 0.1 18
901k-950k 1 2 1 0.3 3
951k-1m 2 1 0.1 12
1m-1.1m 3 2 1 0.1 9
1.1m-1.2m 2 0.3 0
1.2m-1.3m 4 1 0 24
1.3m-1.4m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 1 0.1 12
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0.2 0
4m-4.5m 1 0

Land 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6 2 0.1 18
51k-75k 7 8 0.2 5.3
76k-100k 11 11 3 0.2 6
101k-125k 12 10 1 0.1 7.2
126k-150k 21 12 1 0.1 10.5
151k-175k 17 3 0 34
176k-200k 20 3 0 40
201k-225k 13 3 0 26
226k-250k 10 4 0.1 15
251k-275k 3 7 0.4 2.6
276k-300k 12 1 0 72
301k-325k 2 2 0.2 6
326k-350k 7 2 0 21
351k-375k 6 1 0 36
376k-400k 4 2 0.1 12
401k-425k 6 1 0 36
426k-450k 2 1 0.1 12
451k-475k 6 4 0.1 9
476k-500k 5 3 0.1 10
501k-550k 5 2 0.1 15
551k-600k 5 1 0 30
601k-650k 3 0
651k-700k 4 1 0 24
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 6 2 1 0.1 18
901k-950k 4 0
951k-1m 1 1 0.2 6
1m-1.1m 1 2 0.3 3
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0
1.7m-1.8m 2 2 0.2 6
1.9m-2m 2 0
2.25m-2.5m 3 2 0.1 9
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
7.01m-8m 1 0.2 0
13.01m-14m 1 0