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 3 15 0.8 1.2
26k-50k 4 31 5 1.3 0.8
51k-75k 9 55 7 1 1
76k-100k 35 57 8 0.3 3.7
101k-125k 53 72 5 0.2 4.4
126k-150k 40 94 16 0.4 2.6
151k-175k 34 119 5 0.6 1.7
176k-200k 39 142 11 0.6 1.6
201k-225k 36 157 5 0.7 1.4
226k-250k 48 189 11 0.7 1.5
251k-275k 37 178 10 0.8 1.2
276k-300k 35 109 5 0.5 1.9
301k-325k 16 76 4 0.8 1.3
326k-350k 8 55 4 1.1 0.9
351k-375k 5 31 1 1 1
376k-400k 4 17 0.7 1.4
401k-425k 3 22 1.2 0.8
426k-450k 5 8 0.3 3.8
451k-475k 3 12 0.7 1.5
476k-500k 4 4 1 0.2 6
501k-550k 1 7 1.2 0.9
551k-600k 4 1 0 24
601k-650k 2 0.3 0
651k-700k 2 1 0.1 12
701k-750k 2 0.3 0
751k-800k 1 0.2 0
801k-850k 1 2 0.3 3
901k-950k 2 0.3 0
951k-1m 1 1 0.2 6
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

Townhouses 13% 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 5 1 0.8 0
76k-100k 2 6 1 0.5 2
101k-125k 1 2 0.3 3
126k-150k 5 0.8 0
151k-175k 1 3 0.5 2
176k-200k 1 6 1 1
201k-225k 1 6 1 1
226k-250k 4 0.7 0
251k-275k 5 1 0.8 0
301k-325k 4 0.7 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 2 1 0.1 12
451k-475k 2 0.3 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 3 0.5 2

Condos 7% 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 9 1 1.5 0
51k-75k 5 13 3 0.4 2.3
76k-100k 17 14 1 0.1 7.3
101k-125k 12 24 3 0.3 3
126k-150k 8 23 3 0.5 2.1
151k-175k 8 16 1 0.3 3
176k-200k 4 9 0.4 2.7
201k-225k 6 13 0.4 2.8
226k-250k 8 22 1 0.5 2.2
251k-275k 10 7 0.1 8.6
276k-300k 4 8 2 0.3 3
301k-325k 2 10 1 0.8 1.2
326k-350k 4 11 0.5 2.2
351k-375k 4 9 0.4 2.7
376k-400k 4 9 0.4 2.7
401k-425k 10 1.7 0
426k-450k 2 9 1 0.8 1.3
451k-475k 5 5 0.2 6
476k-500k 4 4 0.2 6
501k-550k 1 6 1 1
551k-600k 2 6 0.5 2
601k-650k 1 5 0.8 1.2
651k-700k 3 0.5 0
701k-750k 6 1 0
751k-800k 1 3 0.5 2
801k-850k 2 0.3 0
851k-900k 4 1 0.7 0
951k-1m 4 1 0 24
1m-1.1m 1 0
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 1 1 0.2 0
1.4m-1.5m 3 0
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 1 0

Land 7% 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 21 12 6 0.1 10.5
26k-50k 10 2 0 30
51k-75k 2 1 0.1 12
76k-100k 1 0
126k-150k 3 0
176k-200k 4 0
226k-250k 1 0.2 0
326k-350k 2 0
501k-550k 1 1 0.2 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