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 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 1 3 1 0.5 2
151k-175k 4 1 0.7 0
176k-200k 7 1.2 0
201k-225k 3 6 1 0.3 3
226k-250k 1 20 3 3.3 0.3
251k-275k 3 9 0.5 2
276k-300k 8 10 1 0.2 4.8
301k-325k 11 13 2 0.2 5.1
326k-350k 9 23 3 0.4 2.3
351k-375k 13 37 7 0.5 2.1
376k-400k 17 31 5 0.3 3.3
401k-425k 15 32 3 0.4 2.8
426k-450k 22 37 4 0.3 3.6
451k-475k 16 37 5 0.4 2.6
476k-500k 14 26 5 0.3 3.2
501k-550k 25 39 2 0.3 3.8
551k-600k 32 49 7 0.3 3.9
601k-650k 23 33 4 0.2 4.2
651k-700k 20 26 3 0.2 4.6
701k-750k 14 16 0.2 5.3
751k-800k 9 19 3 0.4 2.8
801k-850k 7 14 2 0.3 3
851k-900k 8 15 1 0.3 3.2
901k-950k 5 13 0.4 2.3
951k-1m 7 11 1 0.3 3.8
1m-1.1m 6 7 0.2 5.1
1.1m-1.2m 11 8 0.1 8.3
1.2m-1.3m 4 10 2 0.4 2.4
1.3m-1.4m 8 9 1 0.2 5.3
1.4m-1.5m 2 6 1 0.5 2
1.5m-1.6m 2 7 1 0.6 1.7
1.6m-1.7m 2 8 2 0.7 1.5
1.7m-1.8m 4 6 2 0.3 4
1.8m-1.9m 2 9 1 0.8 1.3
1.9m-2m 3 4 1 0.2 4.5
2m-2.25m 9 14 1 0.3 3.9
2.25m-2.5m 2 5 0.4 2.4
2.5m-2.75m 2 5 0.4 2.4
2.75m-3m 1 3 1 0.5 2
3m-3.5m 3 4 2 0.2 4.5
3.5m-4m 1 2 0.3 3
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 2 2 0.2 6
7.01m-8m 3 0
8.01m-9m 1 0.2 0
10.01m-11m 1 0.2 0

Townhouses 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
176k-200k 1 0
201k-225k 1 1 0.2 6
226k-250k 1 0
251k-275k 3 7 1 0.4 2.6
276k-300k 6 2 0.1 18
301k-325k 11 9 0.1 7.3
326k-350k 5 7 1 0.2 4.3
351k-375k 2 2 0.2 6
376k-400k 3 16 1 0.9 1.1
401k-425k 8 2 0 24
426k-450k 5 1 0 30
451k-475k 1 0.2 0
476k-500k 1 1 0.2 0
501k-550k 1 1 0.2 0
551k-600k 3 0

Condos 55% 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
151k-175k 1 1 0.2 0
176k-200k 1 0
226k-250k 1 1 0.2 6
276k-300k 1 0
301k-325k 4 1 0.7 0
351k-375k 1 1 0.2 6
426k-450k 1 0.2 0
476k-500k 1 0.2 0
551k-600k 1 1 1 0.2 6
601k-650k 1 0.2 0
1.9m-2m 1 0.2 0

Land 20% 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
26k-50k 1 2 0.3 3
51k-75k 1 2 0.3 3
76k-100k 3 4 1 0.2 4.5
101k-125k 4 4 3 0.2 6
126k-150k 7 5 1 0.1 8.4
151k-175k 4 5 0.2 4.8
176k-200k 9 0
201k-225k 5 1 0 30
226k-250k 7 5 2 0.1 8.4
251k-275k 5 4 0.1 7.5
276k-300k 3 2 0.1 9
301k-325k 1 1 0.2 6
326k-350k 4 2 1 0.1 12
351k-375k 1 0
376k-400k 7 3 0.1 14
401k-425k 1 1 0.2 6
426k-450k 1 1 0.2 6
451k-475k 1 0.2 0
501k-550k 1 1 0.2 6
551k-600k 1 0
601k-650k 2 0.3 0
651k-700k 2 1 0.3 0
701k-750k 3 0
751k-800k 5 1 0 30
801k-850k 3 1 0.1 18
851k-900k 3 0
901k-950k 2 1 0.3 0
951k-1m 7 2 0 21
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 3 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 1 0.2 6
4.5m-5m 1 0
5.01m-6m 1 0