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 18% 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 3 0.5 0
326k-350k 2 0.3 0
351k-375k 6 1 0
376k-400k 1 11 2 1.8 0.5
401k-425k 8 43 6 0.9 1.1
426k-450k 19 65 13 0.6 1.8
451k-475k 31 70 10 0.4 2.7
476k-500k 26 131 14 0.8 1.2
501k-550k 76 197 35 0.4 2.3
551k-600k 75 128 16 0.3 3.5
601k-650k 55 119 27 0.4 2.8
651k-700k 54 106 15 0.3 3.1
701k-750k 42 85 13 0.3 3
751k-800k 31 84 12 0.5 2.2
801k-850k 29 56 7 0.3 3.1
851k-900k 21 38 1 0.3 3.3
901k-950k 7 27 3 0.6 1.6
951k-1m 10 31 7 0.5 1.9
1m-1.1m 11 19 3 0.3 3.5
1.1m-1.2m 11 15 2 0.2 4.4
1.2m-1.3m 7 28 5 0.7 1.5
1.3m-1.4m 11 13 2 0.2 5.1
1.4m-1.5m 11 11 1 0.2 6
1.5m-1.6m 7 9 1 0.2 4.7
1.6m-1.7m 2 7 1 0.6 1.7
1.7m-1.8m 6 9 1 0.3 4
1.8m-1.9m 3 2 0.1 9
1.9m-2m 3 1 0.1 18
2m-2.25m 7 5 0.1 8.4
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 3 2 0.1 9
2.75m-3m 4 1 0 24
3m-3.5m 9 3 0.1 18
3.5m-4m 2 2 0.2 6
4m-4.5m 3 1 0.1 18
5.01m-6m 2 0
19.01m-20m 1 0

Townhouses 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
276k-300k 2 2 1 0.2 6
301k-325k 2 0.3 0
326k-350k 2 11 0.9 1.1
351k-375k 8 10 0.2 4.8
376k-400k 7 25 4 0.6 1.7
401k-425k 8 10 2 0.2 4.8
426k-450k 6 15 1 0.4 2.4
451k-475k 3 10 2 0.6 1.8
476k-500k 6 6 2 0.2 6
501k-550k 1 4 1 0.7 1.5
551k-600k 1 0
601k-650k 2 5 0.4 2.4
651k-700k 2 0
801k-850k 1 1 0.2 0
901k-950k 1 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
226k-250k 1 0
276k-300k 2 0.3 0
301k-325k 1 0
351k-375k 1 0.2 0
376k-400k 2 2 2 0.2 6
401k-425k 1 0
476k-500k 1 1 0.2 0
501k-550k 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
76k-100k 1 0
176k-200k 1 0
326k-350k 1 0.2 0
376k-400k 1 0
501k-550k 4 1 0.7 0
551k-600k 4 0
601k-650k 2 3 0.3 4
651k-700k 1 0
701k-750k 1 0
751k-800k 3 0
801k-850k 2 1 0.1 12
901k-950k 2 2 0.2 6
951k-1m 2 0
1.2m-1.3m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0.2 0