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 8 56 7 1.2 0.9
76k-100k 31 60 12 0.3 3.1
101k-125k 56 72 6 0.2 4.7
126k-150k 37 101 17 0.5 2.2
151k-175k 36 119 5 0.6 1.8
176k-200k 41 137 11 0.6 1.8
201k-225k 34 155 6 0.8 1.3
226k-250k 46 190 9 0.7 1.5
251k-275k 37 177 10 0.8 1.3
276k-300k 36 112 7 0.5 1.9
301k-325k 17 81 5 0.8 1.3
326k-350k 9 55 4 1 1
351k-375k 5 34 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 11 0.6 1.6
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 23% 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 7 1 1.2 0
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 5 0.8 1.2
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 6 14 2 0.4 2.6
76k-100k 16 16 0.2 6
101k-125k 9 25 4 0.5 2.2
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 8 1 1.3 0.8
326k-350k 4 12 1 0.5 2
351k-375k 4 8 0.3 3
376k-400k 3 11 0.6 1.6
401k-425k 1 10 1.7 0.6
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 5 0.4 2.4
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