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
26k-50k 2 0
51k-75k 1 2 1 0.3 3
101k-125k 1 0.2 0
126k-150k 2 5 0.4 2.4
151k-175k 2 10 3 0.8 1.2
176k-200k 3 8 1 0.4 2.3
201k-225k 3 14 2 0.8 1.3
226k-250k 3 18 1 1
251k-275k 5 24 2 0.8 1.3
276k-300k 12 39 3 0.5 1.8
301k-325k 12 61 4 0.8 1.2
326k-350k 18 70 5 0.6 1.5
351k-375k 24 82 7 0.6 1.8
376k-400k 36 107 12 0.5 2
401k-425k 45 92 17 0.3 2.9
426k-450k 33 93 9 0.5 2.1
451k-475k 29 48 4 0.3 3.6
476k-500k 32 79 5 0.4 2.4
501k-550k 46 104 13 0.4 2.7
551k-600k 53 78 19 0.2 4.1
601k-650k 28 65 8 0.4 2.6
651k-700k 31 54 9 0.3 3.4
701k-750k 16 37 4 0.4 2.6
751k-800k 21 42 7 0.3 3
801k-850k 7 30 2 0.7 1.4
851k-900k 10 24 4 0.4 2.5
901k-950k 3 15 1 0.8 1.2
951k-1m 2 15 4 1.3 0.8
1m-1.1m 9 17 1 0.3 3.2
1.1m-1.2m 5 13 1 0.4 2.3
1.2m-1.3m 4 23 1 1
1.3m-1.4m 5 11 1 0.4 2.7
1.4m-1.5m 5 11 1 0.4 2.7
1.5m-1.6m 3 6 1 0.3 3
1.6m-1.7m 3 5 0.3 3.6
1.7m-1.8m 3 6 0.3 3
1.8m-1.9m 2 7 2 0.6 1.7
1.9m-2m 2 6 0.5 2
2m-2.25m 3 4 0.2 4.5
2.25m-2.5m 7 2 0 21
2.5m-2.75m 2 0.3 0
2.75m-3m 3 2 1 0.1 9
3m-3.5m 1 2 1 0.3 3
3.5m-4m 3 3 0.2 6
4m-4.5m 1 0
4.5m-5m 1 0
6.01m-7m 1 0

Townhouses 34% 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
251k-275k 1 6 1 1 1
276k-300k 4 11 3 0.5 2.2
301k-325k 15 29 6 0.3 3.1
326k-350k 6 34 6 0.9 1.1
351k-375k 5 11 1 0.4 2.7
376k-400k 2 4 0.3 3
401k-425k 1 2 1 0.3 3
426k-450k 4 5 2 0.2 4.8
451k-475k 5 2 1 0.1 15
476k-500k 1 3 0.5 2
501k-550k 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
151k-175k 1 0.2 0
326k-350k 1 0

Land 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
1k-25k 1 0
26k-50k 5 1 0.8 0
51k-75k 6 9 1 0.3 4
76k-100k 10 10 1 0.2 6
101k-125k 1 7 1.2 0.9
126k-150k 9 11 1 0.2 4.9
151k-175k 6 4 1 0
176k-200k 10 8 1 0.1 7.5
201k-225k 2 2 0.2 6
226k-250k 8 4 1 0.1 12
251k-275k 5 5 1 0.2 6
276k-300k 4 7 1 0.3 3.4
301k-325k 1 3 1 0.5 2
326k-350k 5 4 1 0.1 7.5
351k-375k 1 0
376k-400k 11 7 1 0.1 9.4
401k-425k 3 3 1 0.2 6
426k-450k 2 4 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 7 5 1 0.1 8.4
501k-550k 2 5 1 0.4 2.4
551k-600k 10 2 1 0 30
601k-650k 8 0
651k-700k 2 0
701k-750k 1 1 0.2 6
751k-800k 2 3 1 0.3 4
801k-850k 1 1 0.2 0
851k-900k 1 0
901k-950k 3 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 8 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 0
1.7m-1.8m 2 1 0.1 12
1.9m-2m 3 1 0.1 18
2m-2.25m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 3 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
12.01m-13m 1 0