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 5 1.1 0.9
51k-75k 10 54 4 0.9 1.1
76k-100k 32 55 8 0.3 3.5
101k-125k 53 72 11 0.2 4.4
126k-150k 42 92 8 0.4 2.7
151k-175k 37 133 10 0.6 1.7
176k-200k 51 138 11 0.5 2.2
201k-225k 47 166 13 0.6 1.7
226k-250k 49 206 15 0.7 1.4
251k-275k 32 173 9 0.9 1.1
276k-300k 39 115 8 0.5 2
301k-325k 16 82 3 0.9 1.2
326k-350k 15 58 3 0.6 1.6
351k-375k 7 34 2 0.8 1.2
376k-400k 5 22 2 0.7 1.4
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 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 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 1 7 1.2 0.9
51k-75k 4 12 2 0.5 2
76k-100k 13 17 0.2 4.6
101k-125k 13 25 3 0.3 3.1
126k-150k 7 23 4 0.5 1.8
151k-175k 8 17 1 0.4 2.8
176k-200k 6 9 1 0.3 4
201k-225k 4 19 1 0.8 1.3
226k-250k 8 22 2 0.5 2.2
251k-275k 9 8 1 0.1 6.8
276k-300k 6 10 1 0.3 3.6
301k-325k 1 8 1 1.3 0.8
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 2 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 23 8 3 0.1 17.3
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