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 31% 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 11 2 1.8 0
76k-100k 13 3 2.2 0
101k-125k 3 16 3 0.9 1.1
126k-150k 5 27 5 0.9 1.1
151k-175k 13 21 4 0.3 3.7
176k-200k 17 68 11 0.7 1.5
201k-225k 20 80 12 0.7 1.5
226k-250k 57 105 14 0.3 3.3
251k-275k 36 86 17 0.4 2.5
276k-300k 48 97 14 0.3 3
301k-325k 24 56 7 0.4 2.6
326k-350k 28 68 10 0.4 2.5
351k-375k 25 39 4 0.3 3.8
376k-400k 18 24 6 0.2 4.5
401k-425k 11 32 4 0.5 2.1
426k-450k 17 25 4 0.2 4.1
451k-475k 8 18 3 0.4 2.7
476k-500k 15 20 6 0.2 4.5
501k-550k 17 26 5 0.3 3.9
551k-600k 11 15 1 0.2 4.4
601k-650k 10 9 3 0.2 6.7
651k-700k 7 4 1 0.1 10.5
701k-750k 4 5 1 0.2 4.8
751k-800k 3 7 0.4 2.6
801k-850k 6 1 0 36
851k-900k 4 2 1 0.1 12
901k-950k 2 3 0.3 4
951k-1m 1 4 0.7 1.5
1m-1.1m 3 1 0.5 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 2 0.3 3
3m-3.5m 1 0

Townhouses 19% 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
151k-175k 1 0
201k-225k 2 5 2 0.4 2.4
226k-250k 2 5 0.4 2.4
251k-275k 4 4 0.2 6
276k-300k 2 1 0.1 12
2m-2.25m 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
101k-125k 1 2 0.3 3
126k-150k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 0
301k-325k 1 1 0.2 6
801k-850k 1 0

Land 22% 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 17 20 8 0.2 5.1
26k-50k 33 27 5 0.1 7.3
51k-75k 22 23 6 0.2 5.7
76k-100k 11 18 2 0.3 3.7
101k-125k 8 12 2 0.3 4
126k-150k 8 8 1 0.2 6
151k-175k 12 6 1 0.1 12
176k-200k 6 4 1 0.1 9
201k-225k 4 3 0.1 8
226k-250k 1 1 0.2 6
251k-275k 1 4 1 0.7 1.5
276k-300k 4 1 1 0 24
301k-325k 1 1 0.2 6
326k-350k 2 0
351k-375k 1 2 0.3 3
376k-400k 3 1 0.1 18
401k-425k 2 0
426k-450k 1 1 0.2 0
451k-475k 1 0.2 0
476k-500k 1 0.2 0
501k-550k 3 0
551k-600k 3 0
601k-650k 1 0
651k-700k 3 1 1 0.1 18
701k-750k 1 0
751k-800k 3 0
801k-850k 1 0
951k-1m 3 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0
5.01m-6m 1 0