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 19% 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 4 17 0.7 1.4
26k-50k 4 31 6 1.3 0.8
51k-75k 9 56 7 1 1
76k-100k 31 60 12 0.3 3.1
101k-125k 54 71 6 0.2 4.6
126k-150k 38 101 17 0.4 2.3
151k-175k 38 119 5 0.5 1.9
176k-200k 40 138 11 0.6 1.7
201k-225k 35 158 9 0.8 1.3
226k-250k 48 191 9 0.7 1.5
251k-275k 38 179 11 0.8 1.3
276k-300k 39 113 8 0.5 2.1
301k-325k 16 81 5 0.8 1.2
326k-350k 10 56 4 0.9 1.1
351k-375k 5 33 2 1.1 0.9
376k-400k 4 20 1 0.8 1.2
401k-425k 4 22 0.9 1.1
426k-450k 5 8 0.3 3.8
451k-475k 3 12 1 0.7 1.5
476k-500k 3 4 2 0.2 4.5
501k-550k 1 7 1.2 0.9
551k-600k 4 1 0 24
601k-650k 2 0.3 0
651k-700k 2 0.3 0
701k-750k 1 2 0.3 3
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 21% 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 1 7 1 1.2 0.9
101k-125k 1 2 0.3 3
126k-150k 5 0.8 0
151k-175k 1 3 0.5 2
176k-200k 6 1 0
201k-225k 1 6 1 1
226k-250k 4 0.7 0
251k-275k 5 1 0.8 0
276k-300k 1 1 0.2 6
301k-325k 3 0.5 0
326k-350k 1 0.2 0
351k-375k 1 0
376k-400k 1 0.2 0
401k-425k 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 1 0
601k-650k 1 0.2 0
651k-700k 1 3 0.5 2

Condos 10% 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 8 1 1.3 0
51k-75k 5 15 3 0.5 2
76k-100k 16 16 0.2 6
101k-125k 10 25 4 0.4 2.4
126k-150k 8 22 3 0.5 2.2
151k-175k 8 17 1 0.4 2.8
176k-200k 5 8 0.3 3.8
201k-225k 5 15 0.5 2
226k-250k 9 24 1 0.4 2.3
251k-275k 10 8 1 0.1 7.5
276k-300k 5 9 2 0.3 3.3
301k-325k 1 9 2 1.5 0.7
326k-350k 4 11 0.5 2.2
351k-375k 4 8 0.3 3
376k-400k 3 11 0.6 1.6
401k-425k 10 1.7 0
426k-450k 2 10 1 0.8 1.2
451k-475k 6 5 0.1 7.2
476k-500k 4 4 0.2 6
501k-550k 6 1 0
551k-600k 2 6 1 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
901k-950k 1 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 8% 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 9 2 0.1 14
26k-50k 10 2 0 30
51k-75k 2 1 0.1 12
76k-100k 1 0
126k-150k 3 0
176k-200k 3 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