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 16 0.9 1.1
26k-50k 4 31 4 1.3 0.8
51k-75k 10 53 7 0.9 1.1
76k-100k 33 60 9 0.3 3.3
101k-125k 55 76 7 0.2 4.3
126k-150k 40 95 17 0.4 2.5
151k-175k 32 120 6 0.6 1.6
176k-200k 37 146 14 0.7 1.5
201k-225k 36 159 4 0.7 1.4
226k-250k 45 193 13 0.7 1.4
251k-275k 39 177 10 0.8 1.3
276k-300k 36 111 5 0.5 1.9
301k-325k 14 76 3 0.9 1.1
326k-350k 8 55 3 1.1 0.9
351k-375k 5 31 1 1 1
376k-400k 4 16 0.7 1.5
401k-425k 2 22 1.8 0.5
426k-450k 4 9 0.4 2.7
451k-475k 3 12 0.7 1.5
476k-500k 4 3 1 0.1 8
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
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 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 3 1 0.1 18
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 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 5 13 2 0.4 2.3
76k-100k 17 14 1 0.1 7.3
101k-125k 12 24 2 0.3 3
126k-150k 8 23 3 0.5 2.1
151k-175k 7 16 1 0.4 2.6
176k-200k 5 9 0.3 3.3
201k-225k 6 12 0.3 3
226k-250k 9 22 1 0.4 2.5
251k-275k 9 7 0.1 7.7
276k-300k 4 8 2 0.3 3
301k-325k 1 13 1 2.2 0.5
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 8 1 0.7 1.5
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 5 0.8 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 1 0.2 6
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 11 2 0 33
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