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 4 0.3 2.9
301k-325k 8 45 10 0.9 1.1
326k-350k 9 48 9 0.9 1.1
351k-375k 32 59 11 0.3 3.3
376k-400k 36 87 18 0.4 2.5
401k-425k 30 59 6 0.3 3.1
426k-450k 37 56 10 0.3 4
451k-475k 22 53 9 0.4 2.5
476k-500k 30 49 6 0.3 3.7
501k-550k 40 96 9 0.4 2.5
551k-600k 51 56 8 0.2 5.5
601k-650k 33 58 10 0.3 3.4
651k-700k 31 50 7 0.3 3.7
701k-750k 22 40 9 0.3 3.3
751k-800k 26 39 8 0.3 4
801k-850k 16 37 6 0.4 2.6
851k-900k 17 24 4 0.2 4.3
901k-950k 14 25 6 0.3 3.4
951k-1m 23 22 2 0.2 6.3
1m-1.1m 16 14 0.1 6.9
1.1m-1.2m 19 19 0.2 6
1.2m-1.3m 12 11 0.2 6.5
1.3m-1.4m 6 8 0.2 4.5
1.4m-1.5m 6 11 3 0.3 3.3
1.5m-1.6m 2 5 0.4 2.4
1.6m-1.7m 4 5 0.2 4.8
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 4 5 2 0.2 4.8
1.9m-2m 5 3 0.1 10
2m-2.25m 3 8 3 0.4 2.3
2.25m-2.5m 6 5 1 0.1 7.2
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 5 5 1 0.2 6
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 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
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 20 1 0.4 2.7
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 7 1 0.1 6.9
551k-600k 6 4 0.1 9
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 1 0

Condos 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
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 3 4 0.2 4.5
376k-400k 3 8 1 0.4 2.3
401k-425k 2 2 0.2 6
426k-450k 3 2 0.1 9
451k-475k 1 6 1 1
476k-500k 4 2 0.1 12
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 4 1 1 0 24
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 1 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 12% 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 11 4 2 0.1 16.5
26k-50k 43 9 0 28.7
51k-75k 41 28 3 0.1 8.8
76k-100k 43 36 7 0.1 7.2
101k-125k 23 20 2 0.1 6.9
126k-150k 37 19 1 0.1 11.7
151k-175k 23 3 1 0 46
176k-200k 37 10 2 0 22.2
201k-225k 16 5 0.1 19.2
226k-250k 22 8 1 0.1 16.5
251k-275k 5 9 2 0.3 3.3
276k-300k 26 3 0 52
301k-325k 9 3 0.1 18
326k-350k 9 0
351k-375k 5 3 0.1 10
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 1 1 0 24
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