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
251k-275k 1 0.2 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 7 1 1.2 0
376k-400k 2 12 4 1 1
401k-425k 9 40 3 0.7 1.4
426k-450k 11 60 8 0.9 1.1
451k-475k 19 72 14 0.6 1.6
476k-500k 26 118 14 0.8 1.3
501k-550k 73 189 32 0.4 2.3
551k-600k 55 122 22 0.4 2.7
601k-650k 52 111 23 0.4 2.8
651k-700k 49 91 11 0.3 3.2
701k-750k 31 81 9 0.4 2.3
751k-800k 28 75 9 0.4 2.2
801k-850k 26 51 3 0.3 3.1
851k-900k 15 30 4 0.3 3
901k-950k 6 17 2 0.5 2.1
951k-1m 8 28 3 0.6 1.7
1m-1.1m 6 18 4 0.5 2
1.1m-1.2m 13 15 2 0.2 5.2
1.2m-1.3m 6 26 2 0.7 1.4
1.3m-1.4m 10 8 1 0.1 7.5
1.4m-1.5m 8 10 3 0.2 4.8
1.5m-1.6m 7 10 3 0.2 4.2
1.6m-1.7m 1 7 1.2 0.9
1.7m-1.8m 4 9 1 0.4 2.7
1.8m-1.9m 3 2 0.1 9
1.9m-2m 3 1 0.1 18
2m-2.25m 6 5 1 0.1 7.2
2.25m-2.5m 5 6 2 0.2 5
2.5m-2.75m 2 5 3 0.4 2.4
2.75m-3m 6 1 0 36
3m-3.5m 9 2 0 27
3.5m-4m 1 1 0.2 6
4m-4.5m 2 1 0.1 12
4.5m-5m 1 0
5.01m-6m 1 0
19.01m-20m 1 0

Townhouses 14% 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
276k-300k 2 1 0.1 12
301k-325k 2 0.3 0
326k-350k 4 9 1 0.4 2.7
351k-375k 8 10 2 0.2 4.8
376k-400k 6 19 0.5 1.9
401k-425k 5 15 5 0.5 2
426k-450k 6 11 1 0.3 3.3
451k-475k 3 8 1 0.4 2.3
476k-500k 3 5 0.3 3.6
501k-550k 1 4 0.7 1.5
551k-600k 1 0
601k-650k 2 3 0.3 4
651k-700k 2 0
801k-850k 1 1 0.2 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0.2 0

Condos 0% 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
276k-300k 3 1 0.5 0
301k-325k 2 0
326k-350k 1 0
351k-375k 1 1 0.2 6
376k-400k 1 2 0.3 3
401k-425k 2 0
476k-500k 1 0.2 0
501k-550k 1 0

Land 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
76k-100k 1 0
176k-200k 1 0
376k-400k 1 0
501k-550k 1 4 0.7 1.5
551k-600k 2 1 1 0.1 12
601k-650k 2 2 0.2 6
651k-700k 1 0
701k-750k 2 0
751k-800k 2 0
801k-850k 1 1 0.2 6
851k-900k 1 0
901k-950k 2 2 0.2 6
951k-1m 1 0
1.2m-1.3m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0.2 0