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 29% 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 3 1 0.5 0
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 4 1 0.7 0
176k-200k 7 1 1.2 0
201k-225k 3 5 1 0.3 3.6
226k-250k 2 17 3 1.4 0.7
251k-275k 1 9 1.5 0.7
276k-300k 8 13 3 0.3 3.7
301k-325k 11 22 5 0.3 3
326k-350k 7 32 2 0.8 1.3
351k-375k 18 31 7 0.3 3.5
376k-400k 22 38 7 0.3 3.5
401k-425k 10 36 4 0.6 1.7
426k-450k 28 39 5 0.2 4.3
451k-475k 17 37 4 0.4 2.8
476k-500k 16 28 5 0.3 3.4
501k-550k 22 47 8 0.4 2.8
551k-600k 33 46 12 0.2 4.3
601k-650k 28 34 1 0.2 4.9
651k-700k 19 25 7 0.2 4.6
701k-750k 16 19 3 0.2 5.1
751k-800k 7 17 1 0.4 2.5
801k-850k 9 16 2 0.3 3.4
851k-900k 7 14 4 0.3 3
901k-950k 6 16 1 0.4 2.3
951k-1m 8 13 3 0.3 3.7
1m-1.1m 5 12 3 0.4 2.5
1.1m-1.2m 9 8 1 0.1 6.8
1.2m-1.3m 6 8 0.2 4.5
1.3m-1.4m 7 9 1 0.2 4.7
1.4m-1.5m 5 6 0.2 5
1.5m-1.6m 1 7 2 1.2 0.9
1.6m-1.7m 5 6 1 0.2 5
1.7m-1.8m 5 7 1 0.2 4.3
1.8m-1.9m 3 8 3 0.4 2.3
1.9m-2m 4 5 1 0.2 4.8
2m-2.25m 8 12 1 0.3 4
2.25m-2.5m 2 7 1 0.6 1.7
2.5m-2.75m 3 6 0.3 3
2.75m-3m 2 3 1 0.3 4
3m-3.5m 5 3 0.1 10
3.5m-4m 1 2 0.3 3
4m-4.5m 1 0.2 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
13.01m-14m 1 0
21.01m-22m 1 0

Townhouses 18% 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 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 5 6 1 0.2 5
276k-300k 5 7 3 0.2 4.3
301k-325k 9 9 0.2 6
326k-350k 6 8 0.2 4.5
351k-375k 3 1 0.1 18
376k-400k 5 17 1 0.6 1.8
401k-425k 6 8 1 0.2 4.5
426k-450k 8 2 0 24
451k-475k 1 0.2 0
476k-500k 1 1 0.2 0
551k-600k 3 0

Condos 21% 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 0
176k-200k 1 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 1 3 0.5 2
351k-375k 1 1 0.2 6
426k-450k 1 1 0.2 6
476k-500k 1 1 0.2 6
551k-600k 2 0
601k-650k 1 0.2 0
1.9m-2m 1 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 2 0.3 0
51k-75k 1 2 1 0.3 3
76k-100k 2 3 1 0.3 4
101k-125k 2 2 0.2 6
126k-150k 9 5 0.1 10.8
151k-175k 2 6 1 0.5 2
176k-200k 8 2 1 0 24
201k-225k 6 1 0 36
226k-250k 10 5 0.1 12
251k-275k 5 4 1 0.1 7.5
276k-300k 2 3 1 0.3 4
301k-325k 1 0.2 0
326k-350k 5 1 1 0 30
351k-375k 1 0
376k-400k 5 3 0.1 10
401k-425k 1 1 0.2 6
426k-450k 1 1 1 0.2 6
451k-475k 1 1 0.2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 2 0.3 0
651k-700k 1 0.2 0
701k-750k 3 0
751k-800k 5 2 0.1 15
801k-850k 3 1 0.1 18
851k-900k 2 0
901k-950k 1 0.2 0
951k-1m 7 1 0 42
1m-1.1m 1 0.2 0
1.1m-1.2m 2 1 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 2 0.3 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 2 0.3 3
4.5m-5m 1 0
5.01m-6m 1 0