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 7 1 1.2 0
76k-100k 1 4 2 0.7 1.5
101k-125k 3 0.5 0
126k-150k 1 5 1 0.8 1.2
151k-175k 2 9 1 0.8 1.3
176k-200k 3 15 4 0.8 1.2
201k-225k 3 12 4 0.7 1.5
226k-250k 7 15 3 0.4 2.8
251k-275k 1 17 2 2.8 0.4
276k-300k 12 25 3 0.3 2.9
301k-325k 7 46 10 1.1 0.9
326k-350k 9 46 8 0.9 1.2
351k-375k 31 60 11 0.3 3.1
376k-400k 35 89 20 0.4 2.4
401k-425k 29 60 7 0.3 2.9
426k-450k 36 56 9 0.3 3.9
451k-475k 23 52 8 0.4 2.7
476k-500k 32 49 6 0.3 3.9
501k-550k 38 96 9 0.4 2.4
551k-600k 50 57 9 0.2 5.3
601k-650k 32 58 10 0.3 3.3
651k-700k 32 50 7 0.3 3.8
701k-750k 23 40 8 0.3 3.5
751k-800k 28 39 8 0.2 4.3
801k-850k 15 39 7 0.4 2.3
851k-900k 18 23 4 0.2 4.7
901k-950k 14 25 6 0.3 3.4
951k-1m 24 21 2 0.1 6.9
1m-1.1m 15 15 1 0.2 6
1.1m-1.2m 19 19 0.2 6
1.2m-1.3m 12 11 0.2 6.5
1.3m-1.4m 7 7 0.2 6
1.4m-1.5m 5 11 3 0.4 2.7
1.5m-1.6m 2 4 0.3 3
1.6m-1.7m 4 6 0.3 4
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 4 6 2 0.3 4
1.9m-2m 5 2 0.1 15
2m-2.25m 3 8 3 0.4 2.3
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 7 4 0.1 10.5
2.75m-3m 4 2 1 0.1 12
3m-3.5m 9 4 0.1 13.5
3.5m-4m 4 6 2 0.3 4
4m-4.5m 2 0.3 0
4.5m-5m 3 0
5.01m-6m 2 0
6.01m-7m 2 2 0.2 6
8.01m-9m 1 1 0.2 6
12.01m-13m 3 0
13.01m-14m 1 0
14.01m-15m 1 0
16.01m-17m 1 0

Townhouses 28% 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 0.2 0
201k-225k 1 2 1 0.3 3
226k-250k 1 2 1 0.3 3
251k-275k 3 3 0.2 6
276k-300k 5 6 1 0.2 5
301k-325k 11 13 3 0.2 5.1
326k-350k 9 19 1 0.4 2.8
351k-375k 12 11 3 0.2 6.5
376k-400k 2 10 2 0.8 1.2
401k-425k 2 6 1 0.5 2
426k-450k 5 4 2 0.1 7.5
451k-475k 5 5 0.2 6
476k-500k 4 5 0.2 4.8
501k-550k 8 5 1 0.1 9.6
551k-600k 6 5 0.1 7.2
601k-650k 1 7 2 1.2 0.9
651k-700k 4 4 1 0.2 6
701k-750k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 2 1 0.1 12
1m-1.1m 1 3 0.5 2
1.1m-1.2m 2 0
1.2m-1.3m 1 2 1 0.3 3
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 0

Condos 19% 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
76k-100k 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 4 1 0.7 0
201k-225k 1 7 1 1.2 0.9
226k-250k 8 8 3 0.2 6
251k-275k 8 4 0.1 12
276k-300k 11 12 1 0.2 5.5
301k-325k 3 8 1 0.4 2.3
326k-350k 6 4 1 0.1 9
351k-375k 4 4 0.2 6
376k-400k 2 8 1 0.7 1.5
401k-425k 2 2 0.2 6
426k-450k 3 2 0.1 9
451k-475k 1 6 1 1
476k-500k 3 3 1 0.2 6
501k-550k 4 3 0.1 8
551k-600k 4 6 0.3 4
601k-650k 1 1 0.2 6
651k-700k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 3 1 0.5 2
801k-850k 2 1 0.3 0
851k-900k 2 2 1 0.2 6
901k-950k 3 3 1 0.2 6
951k-1m 3 0
1m-1.1m 3 2 2 0.1 9
1.1m-1.2m 1 0.2 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0.2 0
4m-4.5m 1 0
4.5m-5m 1 0

Land 11% 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 12 4 2 0.1 18
26k-50k 44 10 1 0 26.4
51k-75k 42 29 3 0.1 8.7
76k-100k 45 35 7 0.1 7.7
101k-125k 23 19 2 0.1 7.3
126k-150k 37 18 1 0.1 12.3
151k-175k 24 4 0 36
176k-200k 37 10 2 0 22.2
201k-225k 15 5 1 0.1 18
226k-250k 22 8 1 0.1 16.5
251k-275k 5 8 2 0.3 3.8
276k-300k 27 3 0 54
301k-325k 9 3 0.1 18
326k-350k 9 0
351k-375k 4 3 0.1 8
376k-400k 9 2 0 27
401k-425k 6 2 0.1 18
426k-450k 5 1 0 30
451k-475k 6 2 0.1 18
476k-500k 11 1 0 66
501k-550k 5 3 0.1 10
551k-600k 14 1 0 84
601k-650k 2 0
651k-700k 7 2 0 21
701k-750k 2 0
751k-800k 2 1 0.1 12
801k-850k 2 0
851k-900k 5 2 0.1 15
901k-950k 7 0
951k-1m 3 0
1m-1.1m 2 0
1.1m-1.2m 2 0
1.2m-1.3m 4 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 6 0
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 3 0
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 1 0
2.25m-2.5m 4 0
2.5m-2.75m 3 0
3m-3.5m 3 0
3.5m-4m 1 1 1 0.2 6
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
12.01m-13m 1 0
13.01m-14m 1 0