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
51k-75k 1 0.2 0
76k-100k 4 0.7 0
101k-125k 2 0.3 0
126k-150k 5 0.8 0
151k-175k 2 6 3 0.5 2
176k-200k 3 5 3 0.3 3.6
201k-225k 3 8 1 0.4 2.3
226k-250k 14 2 2.3 0
251k-275k 4 12 1 0.5 2
276k-300k 7 30 7 0.7 1.4
301k-325k 8 41 2 0.9 1.2
326k-350k 11 26 7 0.4 2.5
351k-375k 8 47 5 1 1
376k-400k 20 42 13 0.4 2.9
401k-425k 15 44 4 0.5 2
426k-450k 29 42 5 0.2 4.1
451k-475k 26 73 13 0.5 2.1
476k-500k 23 61 7 0.4 2.3
501k-550k 28 70 11 0.4 2.4
551k-600k 31 37 6 0.2 5
601k-650k 18 31 10 0.3 3.5
651k-700k 12 25 1 0.3 2.9
701k-750k 13 12 2 0.2 6.5
751k-800k 13 18 1 0.2 4.3
801k-850k 15 11 2 0.1 8.2
851k-900k 9 7 2 0.1 7.7
901k-950k 7 13 0.3 3.2
951k-1m 6 11 2 0.3 3.3
1m-1.1m 7 10 1 0.2 4.2
1.1m-1.2m 5 9 2 0.3 3.3
1.2m-1.3m 11 8 2 0.1 8.3
1.3m-1.4m 10 9 0.2 6.7
1.4m-1.5m 7 2 0 21
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 5 3 0.1 10
1.7m-1.8m 4 0
1.8m-1.9m 6 3 0.1 12
1.9m-2m 6 1 0 36
2m-2.25m 6 1 0 36
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 6
3.5m-4m 2 0
4.5m-5m 1 0
8.01m-9m 1 0

Townhouses 24% 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
226k-250k 1 0
276k-300k 1 7 1 1.2 0.9
301k-325k 2 0.3 0
326k-350k 4 8 2 0.3 3
351k-375k 16 12 2 0.1 8
376k-400k 23 9 1 0.1 15.3
401k-425k 5 6 1 0.2 5
426k-450k 4 5 0.2 4.8
451k-475k 1 2 0.3 3
476k-500k 2 4 0.3 3
501k-550k 1 4 1 0.7 1.5
551k-600k 1 2 0.3 3
601k-650k 2 1 0.1 12
651k-700k 1 1 1 0.2 6
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 2 1 1 0.1 12

Condos 17% 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 1 0.2 0
176k-200k 4 0.7 0
201k-225k 3 4 1 0.2 4.5
226k-250k 9 7 1 0.1 7.7
251k-275k 5 4 0.1 7.5
276k-300k 5 11 2 0.4 2.7
301k-325k 8 7 1 0.1 6.9
326k-350k 1 5 1 0.8 1.2
351k-375k 2 6 1 0.5 2
376k-400k 5 5 1 0.2 6
401k-425k 1 4 0.7 1.5
426k-450k 3 3 0.2 6
451k-475k 1 2 0.3 3
476k-500k 1 0
501k-550k 3 4 0.2 4.5
551k-600k 1 1 0.2 6
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 2 0
1.4m-1.5m 2 0
1.6m-1.7m 1 0.2 0

Land 6% 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 28 15 3 0.1 11.2
26k-50k 88 19 3 0 27.8
51k-75k 62 11 1 0 33.8
76k-100k 45 17 1 0.1 15.9
101k-125k 20 8 1 0.1 15
126k-150k 24 8 0.1 18
151k-175k 12 8 1 0.1 9
176k-200k 22 4 0 33
201k-225k 9 2 1 0 27
226k-250k 18 4 0 27
251k-275k 9 2 0 27
276k-300k 10 6 2 0.1 10
301k-325k 3 2 0.1 9
326k-350k 7 2 0 21
351k-375k 4 2 0.1 12
376k-400k 4 2 0.1 12
401k-425k 2 0
426k-450k 6 0
451k-475k 3 0
476k-500k 3 0
501k-550k 1 1 1 0.2 6
551k-600k 5 1 0 30
651k-700k 1 0
701k-750k 3 0
751k-800k 4 0
801k-850k 2 0.3 0
901k-950k 3 0
951k-1m 5 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 4 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 1 0
2.75m-3m 2 0
4m-4.5m 1 0
8.01m-9m 1 0