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
26k-50k 2 0.3 0
51k-75k 1 7 1.2 0.9
76k-100k 2 11 1 0.9 1.1
101k-125k 3 4 1 0.2 4.5
126k-150k 2 11 5 0.9 1.1
151k-175k 10 16 0.3 3.8
176k-200k 13 21 3 0.3 3.7
201k-225k 6 30 7 0.8 1.2
226k-250k 28 43 13 0.3 3.9
251k-275k 25 51 7 0.3 2.9
276k-300k 29 78 6 0.4 2.2
301k-325k 28 61 7 0.4 2.8
326k-350k 37 79 17 0.4 2.8
351k-375k 15 34 2 0.4 2.6
376k-400k 18 29 6 0.3 3.7
401k-425k 13 27 1 0.3 2.9
426k-450k 12 16 3 0.2 4.5
451k-475k 7 11 0.3 3.8
476k-500k 14 10 0.1 8.4
501k-550k 11 16 5 0.2 4.1
551k-600k 6 11 3 0.3 3.3
601k-650k 5 4 0.1 7.5
651k-700k 4 5 0.2 4.8
701k-750k 3 5 1 0.3 3.6
751k-800k 2 3 2 0.3 4
801k-850k 2 2 1 0.2 6
851k-900k 3 2 0.1 9
901k-950k 3 1 0.1 18
951k-1m 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 1 0.2 6
2m-2.25m 1 0.2 0
3m-3.5m 1 0

Townhouses 50% 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 3 1 0.5 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 1 4 0.7 1.5
301k-325k 1 1 0.2 0
376k-400k 1 0.2 0
401k-425k 1 0.2 0

Condos 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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 1 1 1 0.2 6
226k-250k 1 0.2 0
326k-350k 1 0.2 0
401k-425k 1 0.2 0

Land 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
1k-25k 1 12 2 0.5
26k-50k 29 33 4 0.2 5.3
51k-75k 13 9 1 0.1 8.7
76k-100k 21 8 1 0.1 15.8
101k-125k 8 7 0.1 6.9
126k-150k 8 3 1 0.1 16
151k-175k 12 2 0 36
176k-200k 8 0
201k-225k 3 0
226k-250k 1 1 0.2 6
251k-275k 2 1 0.1 12
276k-300k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 1 0.2 6
426k-450k 1 0
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 0
601k-650k 1 1 0.2 0
751k-800k 1 0.2 0
851k-900k 2 0
951k-1m 3 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
4.5m-5m 1 0