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 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
51k-75k 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 4 1 0.7 0
176k-200k 7 1.2 0
201k-225k 2 5 1 0.4 2.4
226k-250k 2 18 4 1.5 0.7
251k-275k 1 9 1.5 0.7
276k-300k 6 14 4 0.4 2.6
301k-325k 9 21 4 0.4 2.6
326k-350k 9 25 1 0.5 2.2
351k-375k 15 35 8 0.4 2.6
376k-400k 20 39 8 0.3 3.1
401k-425k 13 36 3 0.5 2.2
426k-450k 27 38 3 0.2 4.3
451k-475k 17 36 5 0.4 2.8
476k-500k 17 29 4 0.3 3.5
501k-550k 23 45 6 0.3 3.1
551k-600k 34 45 9 0.2 4.5
601k-650k 25 34 4 0.2 4.4
651k-700k 20 27 5 0.2 4.4
701k-750k 14 18 2 0.2 4.7
751k-800k 5 17 3 0.6 1.8
801k-850k 11 15 1 0.2 4.4
851k-900k 5 15 3 0.5 2
901k-950k 5 16 1 0.5 1.9
951k-1m 7 13 4 0.3 3.2
1m-1.1m 6 9 1 0.3 4
1.1m-1.2m 9 9 2 0.2 6
1.2m-1.3m 4 9 1 0.4 2.7
1.3m-1.4m 6 10 2 0.3 3.6
1.4m-1.5m 4 6 0.3 4
1.5m-1.6m 2 8 2 0.7 1.5
1.6m-1.7m 2 8 3 0.7 1.5
1.7m-1.8m 5 8 1 0.3 3.8
1.8m-1.9m 2 9 2 0.8 1.3
1.9m-2m 5 5 1 0.2 6
2m-2.25m 9 12 1 0.2 4.5
2.25m-2.5m 2 7 1 0.6 1.7
2.5m-2.75m 2 7 1 0.6 1.7
2.75m-3m 2 3 1 0.3 4
3m-3.5m 4 3 1 0.1 8
3.5m-4m 1 1 0.2 6
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
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 1 0.2 6
251k-275k 5 6 1 0.2 5
276k-300k 5 7 3 0.2 4.3
301k-325k 8 8 0.2 6
326k-350k 6 7 0.2 5.1
351k-375k 3 1 0.1 18
376k-400k 5 17 1 0.6 1.8
401k-425k 6 7 2 0.2 5.1
426k-450k 7 2 0 21
476k-500k 1 1 1 0.2 6
551k-600k 3 0

Condos 42% 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 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 1 0
301k-325k 1 3 0.5 2
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 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 4 3 1 0.1 8
101k-125k 4 2 1 0.1 12
126k-150k 8 4 0.1 12
151k-175k 3 5 0.3 3.6
176k-200k 9 1 1 0 54
201k-225k 6 1 0 36
226k-250k 8 7 2 0.1 6.9
251k-275k 5 4 1 0.1 7.5
276k-300k 3 2 1 0.1 9
301k-325k 1 1 0.2 6
326k-350k 4 2 1 0.1 12
351k-375k 1 0
376k-400k 6 3 0.1 12
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 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 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 2 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