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 13 1 1.1 0.9
26k-50k 3 29 3 1.6 0.6
51k-75k 10 53 7 0.9 1.1
76k-100k 33 63 8 0.3 3.1
101k-125k 56 78 9 0.2 4.3
126k-150k 36 94 15 0.4 2.3
151k-175k 30 115 8 0.6 1.6
176k-200k 38 143 12 0.6 1.6
201k-225k 33 153 4 0.8 1.3
226k-250k 40 198 10 0.8 1.2
251k-275k 34 170 10 0.8 1.2
276k-300k 36 112 9 0.5 1.9
301k-325k 14 74 3 0.9 1.1
326k-350k 7 54 1 1.3 0.8
351k-375k 4 28 1 1.2 0.9
376k-400k 4 17 1 0.7 1.4
401k-425k 2 20 1.7 0.6
426k-450k 4 8 0.3 3
451k-475k 3 12 0.7 1.5
476k-500k 4 2 0.1 12
501k-550k 1 5 0.8 1.2
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 2 0.3 0
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 5 0.4 2.4
101k-125k 1 2 0.3 3
126k-150k 4 0.7 0
151k-175k 1 3 0.5 2
176k-200k 6 1 0
201k-225k 1 5 0.8 1.2
226k-250k 4 0.7 0
251k-275k 5 1 0.8 0
301k-325k 3 0.5 0
326k-350k 1 0.2 0
351k-375k 1 0
376k-400k 1 0
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 8 1.3 0
51k-75k 5 13 2 0.4 2.3
76k-100k 15 15 0.2 6
101k-125k 10 25 1 0.4 2.4
126k-150k 9 19 2 0.4 2.8
151k-175k 6 15 0.4 2.4
176k-200k 5 8 0.3 3.8
201k-225k 6 11 0.3 3.3
226k-250k 8 22 1 0.5 2.2
251k-275k 9 6 0.1 9
276k-300k 4 8 1 0.3 3
301k-325k 2 12 1 1
326k-350k 3 9 0.5 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 7 0.6 1.7
451k-475k 5 5 0.2 6
476k-500k 4 4 0.2 6
501k-550k 1 6 1 1
551k-600k 1 6 1 1
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 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 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 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 12 5 0.1 10
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