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 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 2 17 1.4 0.7
26k-50k 4 27 4 1.1 0.9
51k-75k 11 53 4 0.8 1.2
76k-100k 29 58 13 0.3 3
101k-125k 51 73 9 0.2 4.2
126k-150k 42 93 7 0.4 2.7
151k-175k 38 130 9 0.6 1.8
176k-200k 43 137 9 0.5 1.9
201k-225k 44 170 10 0.6 1.6
226k-250k 47 198 15 0.7 1.4
251k-275k 33 174 10 0.9 1.1
276k-300k 36 109 6 0.5 2
301k-325k 14 82 5 1 1
326k-350k 18 53 2 0.5 2
351k-375k 5 33 2 1.1 0.9
376k-400k 6 21 2 0.6 1.7
401k-425k 3 23 1.3 0.8
426k-450k 5 9 0.3 3.3
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 1 0.2 6
751k-800k 3 0.5 0
801k-850k 1 2 0.3 3
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 15% 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 2 7 1 0.6 1.7
101k-125k 1 2 0.3 3
126k-150k 6 1 0
151k-175k 2 3 0.3 4
176k-200k 6 1 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 0.2 0
351k-375k 1 0
376k-400k 1 1 0.2 6
401k-425k 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 11% 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 13 17 1 0.2 4.6
101k-125k 11 25 3 0.4 2.6
126k-150k 8 21 4 0.4 2.3
151k-175k 7 18 1 0.4 2.3
176k-200k 6 8 0.2 4.5
201k-225k 5 18 0.6 1.7
226k-250k 9 23 1 0.4 2.3
251k-275k 9 8 0.1 6.8
276k-300k 5 10 2 0.3 3
301k-325k 2 8 1 0.7 1.5
326k-350k 1 12 1 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 2 5 0.4 2.4
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 2 0.1 14.3
26k-50k 11 2 0 33
51k-75k 1 1 0.2 6
76k-100k 1 0
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