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 10 61 8 1 1
451k-475k 19 72 14 0.6 1.6
476k-500k 25 118 13 0.8 1.3
501k-550k 72 190 31 0.4 2.3
551k-600k 55 122 20 0.4 2.7
601k-650k 52 110 22 0.4 2.8
651k-700k 49 91 11 0.3 3.2
701k-750k 31 81 9 0.4 2.3
751k-800k 29 74 8 0.4 2.4
801k-850k 26 50 3 0.3 3.1
851k-900k 15 30 3 0.3 3
901k-950k 6 17 1 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 2 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 15% 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 9 1 0.5 2
351k-375k 8 10 2 0.2 4.8
376k-400k 6 19 0.5 1.9
401k-425k 6 15 5 0.4 2.4
426k-450k 4 11 1 0.5 2.2
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 0.2 0
901k-950k 1 0.2 0
1.2m-1.3m 1 0.2 0

Condos 13% 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
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