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 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
1k-25k 2 17 1.4 0.7
26k-50k 4 26 3 1.1 0.9
51k-75k 11 54 4 0.8 1.2
76k-100k 32 56 9 0.3 3.4
101k-125k 54 73 10 0.2 4.4
126k-150k 43 93 7 0.4 2.8
151k-175k 37 133 9 0.6 1.7
176k-200k 48 141 10 0.5 2
201k-225k 49 168 12 0.6 1.8
226k-250k 52 206 16 0.7 1.5
251k-275k 37 172 8 0.8 1.3
276k-300k 39 117 9 0.5 2
301k-325k 14 85 5 1 1
326k-350k 15 56 2 0.6 1.6
351k-375k 6 34 2 0.9 1.1
376k-400k 6 22 2 0.6 1.6
401k-425k 3 23 1.3 0.8
426k-450k 6 10 0.3 3.6
451k-475k 1 12 1 2 0.5
476k-500k 5 4 2 0.1 7.5
501k-550k 1 6 1 1
551k-600k 4 1 0 24
601k-650k 2 0.3 0
651k-700k 3 0.5 0
701k-750k 1 3 0.5 2
751k-800k 3 0.5 0
801k-850k 2 3 0.3 4
901k-950k 2 0.3 0
951k-1m 1 2 0.3 3
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0.2 0
1.4m-1.5m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 1 0.2 0

Townhouses 20% 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 4 0.7 0
76k-100k 1 7 1 1.2 0.9
101k-125k 1 2 0.3 3
126k-150k 6 1 0
151k-175k 2 3 0.3 4
176k-200k 7 1.2 0
201k-225k 1 5 0.8 1.2
226k-250k 1 4 0.7 1.5
251k-275k 1 5 0.8 1.2
276k-300k 1 1 1 0.2 6
301k-325k 3 0.5 0
326k-350k 1 1 0.2 0
351k-375k 1 0
376k-400k 1 1 0.2 6
401k-425k 1 1 0.2 0
426k-450k 3 2 0.1 9
451k-475k 2 0.3 0
476k-500k 1 0.2 0
551k-600k 2 0
601k-650k 1 0.2 0
651k-700k 1 2 0.3 3

Condos 10% 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 7 1.2 0
51k-75k 3 12 2 0.7 1.5
76k-100k 12 18 1 0.3 4
101k-125k 12 25 3 0.3 2.9
126k-150k 8 22 4 0.5 2.2
151k-175k 8 18 1 0.4 2.7
176k-200k 6 9 1 0.3 4
201k-225k 5 18 1 0.6 1.7
226k-250k 9 23 3 0.4 2.3
251k-275k 9 8 1 0.1 6.8
276k-300k 6 10 1 0.3 3.6
301k-325k 2 8 1 0.7 1.5
326k-350k 1 13 1 2.2 0.5
351k-375k 5 9 0.3 3.3
376k-400k 1 11 1 1.8 0.5
401k-425k 10 1.7 0
426k-450k 1 10 2 1.7 0.6
451k-475k 7 5 0.1 8.4
476k-500k 4 5 0.2 4.8
501k-550k 1 6 1 1 1
551k-600k 3 5 0.3 3.6
601k-650k 3 5 1 0.3 3.6
651k-700k 4 0.7 0
701k-750k 7 1.2 0
751k-800k 1 2 0.3 3
801k-850k 2 0.3 0
851k-900k 3 0.5 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 0
1.4m-1.5m 3 0
1.6m-1.7m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 1 0

Land 4% 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 19 8 3 0.1 14.3
26k-50k 10 2 0 30
51k-75k 2 1 0.1 12
76k-100k 1 1 0.2 6
126k-150k 3 0
176k-200k 3 0
226k-250k 1 0.2 0
326k-350k 2 0
501k-550k 1 0
851k-900k 1 0
951k-1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
2.25m-2.5m 1 0
4m-4.5m 1 0