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 32% 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 0.2 0
26k-50k 2 1 0.3 0
51k-75k 2 10 2 0.8 1.2
76k-100k 3 11 0.6 1.6
101k-125k 4 14 3 0.6 1.7
126k-150k 5 24 4 0.8 1.3
151k-175k 7 27 6 0.6 1.6
176k-200k 14 58 12 0.7 1.4
201k-225k 18 46 3 0.4 2.3
226k-250k 24 69 11 0.5 2.1
251k-275k 21 71 6 0.6 1.8
276k-300k 32 87 11 0.5 2.2
301k-325k 34 70 12 0.3 2.9
326k-350k 36 75 10 0.3 2.9
351k-375k 32 66 13 0.3 2.9
376k-400k 43 61 13 0.2 4.2
401k-425k 14 42 8 0.5 2
426k-450k 21 31 4 0.2 4.1
451k-475k 15 22 2 0.2 4.1
476k-500k 12 14 2 0.2 5.1
501k-550k 13 23 3 0.3 3.4
551k-600k 16 20 6 0.2 4.8
601k-650k 3 17 1 0.9 1.1
651k-700k 6 16 2 0.4 2.3
701k-750k 7 7 2 0.2 6
751k-800k 11 11 0.2 6
801k-850k 15 7 1 0.1 12.9
851k-900k 4 2 0.1 12
901k-950k 3 6 3 0.3 3
951k-1m 5 7 0.2 4.3
1m-1.1m 4 10 3 0.4 2.4
1.1m-1.2m 5 5 1 0.2 6
1.2m-1.3m 5 6 0.2 5
1.3m-1.4m 3 0.5 0
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 3 0.5 2
1.8m-1.9m 3 1 0.5 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 2 0.3 3
2.75m-3m 1 0
3m-3.5m 1 0.2 0
6.01m-7m 1 0

Townhouses 38% 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 2 0.3 0
151k-175k 1 6 1 1
176k-200k 5 27 11 0.9 1.1
201k-225k 7 28 6 0.7 1.5
226k-250k 7 12 0.3 3.5
251k-275k 5 8 2 0.3 3.8
276k-300k 7 1 0 42
301k-325k 2 4 1 0.3 3
326k-350k 3 3 1 0.2 6
351k-375k 3 13 1 0.7 1.4
376k-400k 14 25 1 0.3 3.4
401k-425k 1 3 0.5 2
426k-450k 4 2 0.1 12
451k-475k 2 0
476k-500k 1 0.2 0
501k-550k 2 2 0.3 0
601k-650k 1 1 1 0.2 6
651k-700k 1 0
1.4m-1.5m 1 0

Condos 26% 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
101k-125k 1 1 0.2 6
126k-150k 2 0.3 0
151k-175k 1 4 1 0.7 1.5
176k-200k 3 2 0.1 9
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 0
276k-300k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 1 0.2 6
401k-425k 1 0
426k-450k 3 0
451k-475k 3 0
476k-500k 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0

Land 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
1k-25k 20 12 1 0.1 10
26k-50k 22 39 7 0.3 3.4
51k-75k 10 11 0.2 5.5
76k-100k 17 15 4 0.1 6.8
101k-125k 8 4 1 0.1 12
126k-150k 8 8 2 0.2 6
151k-175k 12 4 0.1 18
176k-200k 14 3 1 0 28
201k-225k 3 6 0.3 3
226k-250k 7 2 0 21
251k-275k 4 0
276k-300k 4 2 0.1 12
301k-325k 1 1 0.2 6
326k-350k 6 3 0.1 12
351k-375k 1 0.2 0
376k-400k 5 5 2 0.2 6
401k-425k 3 1 0.1 18
426k-450k 1 0
451k-475k 1 0
476k-500k 7 1 0 42
501k-550k 5 0
551k-600k 3 2 0.1 9
601k-650k 2 0
651k-700k 3 1 0.1 18
701k-750k 1 1 1 0.2 6
751k-800k 2 1 0.1 12
851k-900k 1 1 0.2 6
901k-950k 2 0
951k-1m 1 1 1 0.2 6
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0