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
351k-375k 9 1 1.5 0
376k-400k 1 14 4 2.3 0.4
401k-425k 10 36 1 0.6 1.7
426k-450k 11 63 9 1 1
451k-475k 17 75 10 0.7 1.4
476k-500k 33 106 8 0.5 1.9
501k-550k 65 189 27 0.5 2.1
551k-600k 61 123 19 0.3 3
601k-650k 49 115 12 0.4 2.6
651k-700k 52 88 10 0.3 3.5
701k-750k 37 82 10 0.4 2.7
751k-800k 28 69 8 0.4 2.4
801k-850k 24 47 3 0.3 3.1
851k-900k 17 30 3 0.3 3.4
901k-950k 9 12 1 0.2 4.5
951k-1m 5 26 2 0.9 1.2
1m-1.1m 9 18 5 0.3 3
1.1m-1.2m 18 16 3 0.1 6.8
1.2m-1.3m 6 22 0.6 1.6
1.3m-1.4m 12 9 0.1 8
1.4m-1.5m 6 8 0.2 4.5
1.5m-1.6m 5 11 2 0.4 2.7
1.6m-1.7m 3 7 0.4 2.6
1.7m-1.8m 1 8 1.3 0.8
1.8m-1.9m 4 2 0.1 12
1.9m-2m 5 4 1 0.1 7.5
2m-2.25m 6 5 1 0.1 7.2
2.25m-2.5m 5 5 0.2 6
2.5m-2.75m 1 4 1 0.7 1.5
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 25% 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 1 1 0.2 6
276k-300k 1 0.2 0
301k-325k 1 0.2 0
326k-350k 3 10 3 0.6 1.8
351k-375k 6 11 3 0.3 3.3
376k-400k 6 19 2 0.5 1.9
401k-425k 9 13 3 0.2 4.2
426k-450k 3 10 1 0.6 1.8
451k-475k 4 9 1 0.4 2.7
476k-500k 2 6 1 0.5 2
501k-550k 1 3 0.5 2
551k-600k 1 0
601k-650k 3 4 1 0.2 4.5
651k-700k 1 0
801k-850k 1 0.2 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0.2 0

Condos 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
226k-250k 2 1 1 0.1 12
276k-300k 3 0.5 0
301k-325k 1 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 3 2 0.1 9
401k-425k 1 0
476k-500k 1 0.2 0
501k-550k 1 0

Land 11% 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 2 0
501k-550k 5 1 0.8 0
551k-600k 1 1 0.2 6
601k-650k 1 2 0.3 3
701k-750k 2 1 1 0.1 12
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