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 2 0.3 0
26k-50k 9 4 1.5 0
51k-75k 1 16 3 2.7 0.4
76k-100k 4 22 1 0.9 1.1
101k-125k 4 26 1 1.1 0.9
126k-150k 11 41 7 0.6 1.6
151k-175k 14 52 7 0.6 1.6
176k-200k 27 74 8 0.5 2.2
201k-225k 34 78 7 0.4 2.6
226k-250k 52 131 12 0.4 2.4
251k-275k 56 102 21 0.3 3.3
276k-300k 64 122 16 0.3 3.1
301k-325k 65 138 26 0.4 2.8
326k-350k 57 113 17 0.3 3
351k-375k 40 107 24 0.4 2.2
376k-400k 45 93 13 0.3 2.9
401k-425k 27 59 8 0.4 2.7
426k-450k 35 58 5 0.3 3.6
451k-475k 14 29 6 0.3 2.9
476k-500k 23 35 6 0.3 3.9
501k-550k 7 49 12 1.2 0.9
551k-600k 21 33 7 0.3 3.8
601k-650k 11 34 6 0.5 1.9
651k-700k 16 22 2 0.2 4.4
701k-750k 9 13 0.2 4.2
751k-800k 6 12 1 0.3 3
801k-850k 5 5 2 0.2 6
851k-900k 10 13 3 0.2 4.6
901k-950k 3 7 0.4 2.6
951k-1m 3 6 2 0.3 3
1m-1.1m 2 5 0.4 2.4
1.1m-1.2m 3 2 1 0.1 9
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 2 4 1 0.3 3
1.5m-1.6m 2 0.3 0
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 4 1 0.7 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0.3 0
2m-2.25m 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0

Townhouses 34% 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 0.2 0
201k-225k 4 0.7 0
226k-250k 1 6 1 1 1
251k-275k 5 6 4 0.2 5
276k-300k 21 59 10 0.5 2.1
301k-325k 16 16 3 0.2 6
326k-350k 7 15 2 0.4 2.8
351k-375k 4 6 0.3 4
376k-400k 1 3 1 0.5 2
401k-425k 2 4 0.3 3
426k-450k 2 3 1 0.3 4
451k-475k 2 4 0.3 3
476k-500k 2 3 1 0.3 4
501k-550k 2 0

Condos 40% 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 0.2 0
126k-150k 2 0.3 0
151k-175k 2 1 1 0.1 12
176k-200k 2 0.3 0
201k-225k 1 3 1 0.5 2
226k-250k 1 4 0.7 1.5
301k-325k 1 0.2 0
426k-450k 1 0.2 0
501k-550k 1 1 0.2 6
551k-600k 1 1 0.2 0
651k-700k 1 1 0.2 0
951k-1m 1 0
1.2m-1.3m 1 1 0.2 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 1 17 4 2.8 0.4
26k-50k 10 31 9 0.5 1.9
51k-75k 22 24 1 0.2 5.5
76k-100k 13 17 3 0.2 4.6
101k-125k 15 15 1 0.2 6
126k-150k 17 4 1 0 25.5
151k-175k 3 1 0.1 18
176k-200k 2 5 0.4 2.4
201k-225k 3 1 0.1 18
226k-250k 5 2 1 0.1 15
251k-275k 4 3 1 0.1 8
276k-300k 9 1 0 54
301k-325k 2 0
326k-350k 4 0
351k-375k 2 2 0.2 6
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 0.2 0
451k-475k 2 0
476k-500k 3 0
501k-550k 1 2 1 0.3 3
551k-600k 2 1 0.3 0
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 4 1 0.7 0
901k-950k 4 0
1m-1.1m 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.8m-1.9m 1 0.2 0
9.01m-10m 1 0.2 0