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 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
26k-50k 1 1 0.2 0
51k-75k 2 3 0.3 4
76k-100k 2 5 1 0.4 2.4
101k-125k 3 3 0.2 6
126k-150k 3 11 2 0.6 1.6
151k-175k 3 5 0.3 3.6
176k-200k 5 5 1 0.2 6
201k-225k 4 9 0.4 2.7
226k-250k 6 13 4 0.4 2.8
251k-275k 5 25 5 0.8 1.2
276k-300k 7 17 1 0.4 2.5
301k-325k 14 33 9 0.4 2.5
326k-350k 13 33 8 0.4 2.4
351k-375k 14 21 1 0.3 4
376k-400k 27 33 5 0.2 4.9
401k-425k 19 39 7 0.3 2.9
426k-450k 17 27 1 0.3 3.8
451k-475k 21 27 2 0.2 4.7
476k-500k 16 20 3 0.2 4.8
501k-550k 9 25 2 0.5 2.2
551k-600k 14 13 3 0.2 6.5
601k-650k 15 13 1 0.1 6.9
651k-700k 18 11 1 0.1 9.8
701k-750k 4 7 0.3 3.4
751k-800k 4 7 2 0.3 3.4
801k-850k 7 7 0.2 6
851k-900k 6 10 1 0.3 3.6
901k-950k 1 5 1 0.8 1.2
951k-1m 4 4 1 0.2 6
1m-1.1m 1 2 0.3 3
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 3 3 0.2 6
1.3m-1.4m 2 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
1.9m-2m 5 0
2m-2.25m 1 0.2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0.2 0
2.75m-3m 2 0
3.5m-4m 1 0.2 0
9.01m-10m 1 0

Townhouses 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
251k-275k 2 0
276k-300k 2 1 0.1 12
301k-325k 3 4 1 0.2 4.5
376k-400k 2 0
401k-425k 1 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 2 0
601k-650k 1 0.2 0
751k-800k 1 1 0.2 6
951k-1m 1 0
1.1m-1.2m 1 0

Condos 14% 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
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 2 1 0.1 12
351k-375k 3 0.5 0
376k-400k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 0.2 0
451k-475k 1 0.2 0
476k-500k 1 1 1 0.2 6
2m-2.25m 1 0

Land 8% 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 39 15 1 0.1 15.6
26k-50k 117 30 7 0 23.4
51k-75k 79 28 4 0.1 16.9
76k-100k 47 11 3 0 25.6
101k-125k 19 7 1 0.1 16.3
126k-150k 21 4 0 31.5
151k-175k 6 5 1 0.1 7.2
176k-200k 18 2 0 54
201k-225k 6 3 0.1 12
226k-250k 14 1 1 0 84
251k-275k 4 2 1 0.1 12
276k-300k 4 3 0.1 8
301k-325k 10 2 1 0 30
326k-350k 8 2 0 24
351k-375k 1 0
376k-400k 8 0
401k-425k 1 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 0
551k-600k 2 0
601k-650k 5 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0.2 0
901k-950k 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 5 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
3m-3.5m 2 0