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 0.2 0
51k-75k 8 1 1.3 0
76k-100k 4 7 0.3 3.4
101k-125k 3 5 1 0.3 3.6
126k-150k 1 9 2 1.5 0.7
151k-175k 3 10 3 0.6 1.8
176k-200k 1 11 3 1.8 0.5
201k-225k 5 18 2 0.6 1.7
226k-250k 5 18 4 0.6 1.7
251k-275k 11 16 4 0.2 4.1
276k-300k 16 45 8 0.5 2.1
301k-325k 17 20 1 0.2 5.1
326k-350k 19 39 3 0.3 2.9
351k-375k 21 23 2 0.2 5.5
376k-400k 14 30 2 0.4 2.8
401k-425k 9 26 5 0.5 2.1
426k-450k 17 31 4 0.3 3.3
451k-475k 11 25 1 0.4 2.6
476k-500k 6 25 5 0.7 1.4
501k-550k 21 33 6 0.3 3.8
551k-600k 22 38 3 0.3 3.5
601k-650k 16 29 3 0.3 3.3
651k-700k 12 13 1 0.2 5.5
701k-750k 5 14 3 0.5 2.1
751k-800k 11 11 1 0.2 6
801k-850k 6 9 0.3 4
851k-900k 2 4 0.3 3
901k-950k 1 5 0.8 1.2
951k-1m 2 5 1 0.4 2.4
1m-1.1m 1 6 1 1
1.1m-1.2m 1 10 1 1.7 0.6
1.2m-1.3m 2 7 1 0.6 1.7
1.3m-1.4m 7 7 3 0.2 6
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 2 3 0.3 4
1.7m-1.8m 1 0
1.9m-2m 2 2 0.2 6
2m-2.25m 2 2 0.2 6
2.25m-2.5m 2 4 2 0.3 3
2.5m-2.75m 1 0.2 0
2.75m-3m 1 2 0.3 3
3m-3.5m 1 1 0.2 0
3.5m-4m 2 0
4.5m-5m 1 1 0.2 6
7.01m-8m 1 0

Townhouses 25% 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 16 2.7 0
251k-275k 1 4 1 0.7 1.5
276k-300k 2 1 0.1 12
301k-325k 1 2 1 0.3 3
326k-350k 2 0.3 0
351k-375k 4 0.7 0
376k-400k 5 0.8 0
401k-425k 2 0.3 0
426k-450k 2 0
451k-475k 3 0.5 0
476k-500k 1 0.2 0

Condos 0% 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
426k-450k 1 0.2 0
451k-475k 1 0

Land 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
1k-25k 11 5 0.1 13.2
26k-50k 12 24 7 0.3 3
51k-75k 8 17 2 0.4 2.8
76k-100k 13 15 1 0.2 5.2
101k-125k 8 3 0.1 16
126k-150k 2 4 3 0.3 3
151k-175k 6 6 2 0.2 6
176k-200k 8 4 0.1 12
201k-225k 1 7 3 1.2 0.9
226k-250k 1 8 2 1.3 0.8
251k-275k 1 1 1 0.2 6
276k-300k 3 2 0.1 9
301k-325k 5 1 0 30
326k-350k 2 0
376k-400k 2 2 0.2 6
401k-425k 1 2 0.3 3
426k-450k 2 1 0.1 12
501k-550k 1 0
551k-600k 1 4 1 0.7 1.5
601k-650k 2 0
701k-750k 1 0.2 0
801k-850k 1 1 0.2 6
851k-900k 1 1 0.2 6
951k-1m 1 1 1 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 0
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0