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 1 13 2 2.2 0.5
26k-50k 2 30 2 2.5 0.4
51k-75k 9 52 7 1 1
76k-100k 31 65 8 0.3 2.9
101k-125k 53 75 5 0.2 4.2
126k-150k 45 100 11 0.4 2.7
151k-175k 26 114 10 0.7 1.4
176k-200k 37 134 7 0.6 1.7
201k-225k 27 155 5 1 1
226k-250k 33 195 5 1 1
251k-275k 31 168 10 0.9 1.1
276k-300k 32 115 5 0.6 1.7
301k-325k 16 71 1 0.7 1.4
326k-350k 5 52 2 1.7 0.6
351k-375k 4 27 1 1.1 0.9
376k-400k 6 17 1 0.5 2.1
401k-425k 3 19 1.1 0.9
426k-450k 4 9 0.4 2.7
451k-475k 3 11 0.6 1.6
476k-500k 4 2 0.1 12
501k-550k 4 0.7 0
551k-600k 3 0
601k-650k 2 0.3 0
651k-700k 2 1 0.1 12
701k-750k 2 0.3 0
801k-850k 2 0.3 0
851k-900k 1 0.2 0
901k-950k 2 0.3 0
951k-1m 1 0.2 0
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 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 5 1 0.8 0
76k-100k 5 0.8 0
101k-125k 1 2 0.3 3
126k-150k 3 0.5 0
151k-175k 1 2 0.3 3
176k-200k 6 1 0
201k-225k 1 6 1 1 1
226k-250k 4 0.7 0
251k-275k 5 0.8 0
301k-325k 2 0.3 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 1 0.1 18
451k-475k 2 0.3 0
476k-500k 1 0.2 0
501k-550k 1 0
551k-600k 1 1 1 0.2 6
601k-650k 1 0.2 0
651k-700k 1 3 0.5 2

Condos 5% 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 4 12 1 0.5 2
76k-100k 13 19 1 0.2 4.1
101k-125k 10 23 2 0.4 2.6
126k-150k 10 18 2 0.3 3.3
151k-175k 3 16 1 0.9 1.1
176k-200k 4 9 1 0.4 2.7
201k-225k 6 11 0.3 3.3
226k-250k 8 23 1 0.5 2.1
251k-275k 8 6 0.1 8
276k-300k 4 8 0.3 3
301k-325k 3 12 0.7 1.5
326k-350k 2 9 0.8 1.3
351k-375k 3 7 0.4 2.6
376k-400k 3 10 0.6 1.8
401k-425k 9 1.5 0
426k-450k 3 6 0.3 3
451k-475k 4 5 0.2 4.8
476k-500k 4 4 0.2 6
501k-550k 1 7 1.2 0.9
551k-600k 6 1 1 0
601k-650k 1 4 0.7 1.5
651k-700k 3 0.5 0
701k-750k 4 0.7 0
751k-800k 1 3 0.5 2
801k-850k 2 0.3 0
851k-900k 4 0.7 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 0
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0
3m-3.5m 1 0

Land 6% 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 20 13 2 0.1 9.2
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
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