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 17 1.4 0.7
26k-50k 4 26 5 1.1 0.9
51k-75k 8 55 8 1.1 0.9
76k-100k 30 58 7 0.3 3.1
101k-125k 57 71 11 0.2 4.8
126k-150k 44 87 9 0.3 3
151k-175k 37 132 13 0.6 1.7
176k-200k 53 133 8 0.4 2.4
201k-225k 45 168 16 0.6 1.6
226k-250k 51 200 12 0.7 1.5
251k-275k 32 168 3 0.9 1.1
276k-300k 46 116 7 0.4 2.4
301k-325k 19 81 1 0.7 1.4
326k-350k 15 58 4 0.6 1.6
351k-375k 9 36 2 0.7 1.5
376k-400k 5 22 2 0.7 1.4
401k-425k 3 22 1.2 0.8
426k-450k 5 10 0.3 3
451k-475k 1 12 1 2 0.5
476k-500k 6 5 1 0.1 7.2
501k-550k 2 7 0.6 1.7
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 9 1 1.5 0.7
101k-125k 1 2 0.3 3
126k-150k 7 1.2 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 0.2 0
301k-325k 1 3 0.5 2
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 1 0.1 9
451k-475k 2 0.3 0
551k-600k 2 0
601k-650k 1 0.2 0
651k-700k 1 2 0.3 3

Condos 9% 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 7 1.2 0
51k-75k 4 12 2 0.5 2
76k-100k 14 18 0.2 4.7
101k-125k 11 23 3 0.3 2.9
126k-150k 7 22 2 0.5 1.9
151k-175k 6 18 0.5 2
176k-200k 7 9 1 0.2 4.7
201k-225k 4 20 1 0.8 1.2
226k-250k 8 20 0.4 2.4
251k-275k 7 7 1 0.2 6
276k-300k 9 10 1 0.2 5.4
301k-325k 2 6 1 0.5 2
326k-350k 2 14 1 1.2 0.9
351k-375k 3 8 0.4 2.3
376k-400k 1 11 1 1.8 0.5
401k-425k 11 1.8 0
426k-450k 2 8 1 0.7 1.5
451k-475k 7 5 0.1 8.4
476k-500k 4 5 0.2 4.8
501k-550k 1 6 2 1 1
551k-600k 3 5 0.3 3.6
601k-650k 2 6 2 0.5 2
651k-700k 1 4 0.7 1.5
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 4 0
1.3m-1.4m 1 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 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 11 2 0 33
51k-75k 2 1 0.1 12
76k-100k 1 2 0.3 3
126k-150k 2 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