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 1 13 5 2.2 0.5
401k-425k 9 39 2 0.7 1.4
426k-450k 10 61 6 1 1
451k-475k 17 73 11 0.7 1.4
476k-500k 25 113 17 0.8 1.3
501k-550k 72 189 30 0.4 2.3
551k-600k 54 121 21 0.4 2.7
601k-650k 46 110 17 0.4 2.5
651k-700k 51 90 12 0.3 3.4
701k-750k 29 78 9 0.4 2.2
751k-800k 29 74 10 0.4 2.4
801k-850k 27 47 3 0.3 3.4
851k-900k 16 30 4 0.3 3.2
901k-950k 7 15 0.4 2.8
951k-1m 8 28 4 0.6 1.7
1m-1.1m 5 17 4 0.6 1.8
1.1m-1.2m 12 15 2 0.2 4.8
1.2m-1.3m 6 24 1 0.7 1.5
1.3m-1.4m 10 9 1 0.2 6.7
1.4m-1.5m 6 8 1 0.2 4.5
1.5m-1.6m 7 10 3 0.2 4.2
1.6m-1.7m 2 7 0.6 1.7
1.7m-1.8m 2 9 0.8 1.3
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 1 0.2 5
2.5m-2.75m 2 5 3 0.4 2.4
2.75m-3m 5 2 1 0.1 15
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 20% 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 3 8 1 0.4 2.3
351k-375k 7 10 2 0.2 4.2
376k-400k 6 18 1 0.5 2
401k-425k 6 14 5 0.4 2.6
426k-450k 4 10 0.4 2.4
451k-475k 3 8 1 0.4 2.3
476k-500k 2 6 1 0.5 2
501k-550k 1 3 0.5 2
551k-600k 1 0
601k-650k 2 3 0.3 4
651k-700k 2 0
801k-850k 1 0.2 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0.2 0

Condos 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 3 1 0.5 0
301k-325k 1 1 1 0.2 6
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
351k-375k 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 1 0.1 12
951k-1m 1 0
1.2m-1.3m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0.2 0