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 27% 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 2 0.3 0
51k-75k 1 4 0.7 1.5
76k-100k 1 15 1 2.5 0.4
101k-125k 1 12 1 2 0.5
126k-150k 4 13 2 0.5 1.8
151k-175k 9 19 5 0.4 2.8
176k-200k 7 30 4 0.7 1.4
201k-225k 11 39 4 0.6 1.7
226k-250k 33 68 6 0.3 2.9
251k-275k 39 66 5 0.3 3.5
276k-300k 31 95 14 0.5 2
301k-325k 41 71 12 0.3 3.5
326k-350k 40 115 16 0.5 2.1
351k-375k 53 78 6 0.2 4.1
376k-400k 54 109 13 0.3 3
401k-425k 41 72 8 0.3 3.4
426k-450k 49 69 7 0.2 4.3
451k-475k 32 67 6 0.3 2.9
476k-500k 24 58 10 0.4 2.5
501k-550k 43 81 11 0.3 3.2
551k-600k 37 78 9 0.4 2.8
601k-650k 27 49 3 0.3 3.3
651k-700k 21 28 2 0.2 4.5
701k-750k 16 19 1 0.2 5.1
751k-800k 16 21 3 0.2 4.6
801k-850k 8 15 1 0.3 3.2
851k-900k 10 20 2 0.3 3
901k-950k 9 14 0.3 3.9
951k-1m 10 11 1 0.2 5.5
1m-1.1m 7 7 0.2 6
1.1m-1.2m 11 12 1 0.2 5.5
1.2m-1.3m 4 7 1 0.3 3.4
1.3m-1.4m 7 11 1 0.3 3.8
1.4m-1.5m 3 7 0.4 2.6
1.5m-1.6m 4 7 0.3 3.4
1.6m-1.7m 4 6 0.3 4
1.7m-1.8m 5 8 0.3 3.8
1.8m-1.9m 2 9 0.8 1.3
1.9m-2m 3 3 0.2 6
2m-2.25m 10 11 0.2 5.5
2.25m-2.5m 4 3 0.1 8
2.5m-2.75m 1 5 0.8 1.2
2.75m-3m 3 3 1 0.2 6
3m-3.5m 4 4 1 0.2 6
3.5m-4m 1 1 0.2 6
4m-4.5m 2 1 0.1 12
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 2 1 0.1 12
7.01m-8m 3 0
8.01m-9m 1 0.2 0
20.01m-21m 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
151k-175k 1 0.2 0
176k-200k 3 1 0.5 0
201k-225k 3 1 0.5 0
226k-250k 1 2 1 0.3 3
251k-275k 3 7 1 0.4 2.6
276k-300k 5 10 1 0.3 3
301k-325k 9 13 3 0.2 4.2
326k-350k 7 6 0.1 7
351k-375k 2 3 1 0.3 4
376k-400k 8 16 0.3 3
401k-425k 8 3 0.1 16
426k-450k 1 2 1 0.3 3
451k-475k 1 0.2 0
476k-500k 1 1 0.2 0
501k-550k 1 1 0.2 0
551k-600k 3 0

Condos 54% 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
151k-175k 2 0.3 0
176k-200k 1 3 1 0.5 2
201k-225k 1 1 0.2 6
226k-250k 1 2 0.3 3
276k-300k 1 0
301k-325k 4 0.7 0
351k-375k 1 1 0.2 6
401k-425k 1 0.2 0
426k-450k 1 0.2 0
476k-500k 1 0.2 0
551k-600k 1 1 0.2 6
601k-650k 1 0.2 0
1.9m-2m 1 0.2 0

Land 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
1k-25k 4 12 0.5 2
26k-50k 38 44 6 0.2 5.2
51k-75k 21 17 1 0.1 7.4
76k-100k 25 17 4 0.1 8.8
101k-125k 12 13 3 0.2 5.5
126k-150k 16 9 2 0.1 10.7
151k-175k 19 5 0 22.8
176k-200k 14 4 2 0 21
201k-225k 13 1 0 78
226k-250k 10 6 0.1 10
251k-275k 11 5 0.1 13.2
276k-300k 9 2 0 27
301k-325k 4 3 0.1 8
326k-350k 7 2 0 21
351k-375k 3 1 0.1 18
376k-400k 9 3 0.1 18
401k-425k 3 1 0.1 18
426k-450k 2 1 0.1 12
451k-475k 1 0.2 0
476k-500k 4 1 0 24
501k-550k 3 0
551k-600k 4 2 1 0.1 12
601k-650k 1 3 0.5 2
651k-700k 2 0.3 0
701k-750k 4 1 1 0 24
751k-800k 4 2 1 0.1 12
801k-850k 3 1 0.1 18
851k-900k 4 0
901k-950k 2 1 0.3 0
951k-1m 7 2 0 21
1m-1.1m 2 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 4 1 0.7 0
1.3m-1.4m 3 0
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 2 1 0.3 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 1 0.2 6
1.9m-2m 3 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 1 0.2 0
4.5m-5m 2 0
5.01m-6m 1 0
9.01m-10m 1 0