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 16% 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 3 26 5 1.4 0.7
51k-75k 9 54 5 1 1
76k-100k 32 54 7 0.3 3.6
101k-125k 55 70 10 0.2 4.7
126k-150k 43 89 6 0.3 2.9
151k-175k 36 133 11 0.6 1.6
176k-200k 51 134 11 0.4 2.3
201k-225k 48 168 12 0.6 1.7
226k-250k 55 202 10 0.6 1.6
251k-275k 34 166 5 0.8 1.2
276k-300k 42 116 7 0.5 2.2
301k-325k 18 82 2 0.8 1.3
326k-350k 15 58 3 0.6 1.6
351k-375k 8 35 2 0.7 1.4
376k-400k 5 22 2 0.7 1.4
401k-425k 3 23 1.3 0.8
426k-450k 5 10 0.3 3
451k-475k 1 12 1 2 0.5
476k-500k 7 4 1 0.1 10.5
501k-550k 1 6 1 1
551k-600k 3 1 0.1 18
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 24% 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 2 4 0.3 3
251k-275k 5 0.8 0
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 1 0.1 9
451k-475k 2 0.3 0
551k-600k 2 0
601k-650k 1 0.2 0
651k-700k 1 2 0.3 3

Condos 12% 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 7 1.2 0.9
51k-75k 4 12 2 0.5 2
76k-100k 14 17 0.2 4.9
101k-125k 12 24 3 0.3 3
126k-150k 5 24 4 0.8 1.3
151k-175k 7 18 1 0.4 2.3
176k-200k 6 9 1 0.3 4
201k-225k 4 19 1 0.8 1.3
226k-250k 8 21 1 0.4 2.3
251k-275k 8 7 1 0.1 6.9
276k-300k 7 11 2 0.3 3.8
301k-325k 2 6 1 0.5 2
326k-350k 1 14 1 2.3 0.4
351k-375k 4 8 0.3 3
376k-400k 1 11 1 1.8 0.5
401k-425k 10 1.7 0
426k-450k 1 9 2 1.5 0.7
451k-475k 7 5 0.1 8.4
476k-500k 4 5 0.2 4.8
501k-550k 1 6 2 1 1
551k-600k 3 5 0.3 3.6
601k-650k 2 5 2 0.4 2.4
651k-700k 1 4 0.7 1.5
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
1.3m-1.4m 1 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 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 23 8 3 0.1 17.3
26k-50k 11 2 0 33
51k-75k 2 1 0.1 12
76k-100k 1 1 0.2 6
126k-150k 2 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