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 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
51k-75k 1 0
76k-100k 1 0
126k-150k 1 1 1 0.2 6
201k-225k 2 1 0.3 0
226k-250k 7 1 1.2 0
251k-275k 2 9 3 0.8 1.3
276k-300k 23 28 6 0.2 4.9
301k-325k 18 39 8 0.4 2.8
326k-350k 29 89 18 0.5 2
351k-375k 30 104 25 0.6 1.7
376k-400k 61 163 24 0.4 2.2
401k-425k 42 183 35 0.7 1.4
426k-450k 78 170 27 0.4 2.8
451k-475k 70 136 27 0.3 3.1
476k-500k 67 132 23 0.3 3
501k-550k 119 231 33 0.3 3.1
551k-600k 91 203 25 0.4 2.7
601k-650k 74 123 17 0.3 3.6
651k-700k 45 93 8 0.3 2.9
701k-750k 35 56 9 0.3 3.8
751k-800k 36 73 9 0.3 3
801k-850k 22 26 3 0.2 5.1
851k-900k 24 24 4 0.2 6
901k-950k 15 16 1 0.2 5.6
951k-1m 9 20 2 0.4 2.7
1m-1.1m 8 23 4 0.5 2.1
1.1m-1.2m 9 23 2 0.4 2.3
1.2m-1.3m 10 11 2 0.2 5.5
1.3m-1.4m 6 14 0.4 2.6
1.4m-1.5m 7 5 0.1 8.4
1.5m-1.6m 4 6 2 0.3 4
1.6m-1.7m 4 6 0.3 4
1.7m-1.8m 2 4 1 0.3 3
1.8m-1.9m 2 4 1 0.3 3
1.9m-2m 3 1 0.1 18
2m-2.25m 4 5 1 0.2 4.8
2.25m-2.5m 5 5 1 0.2 6
2.5m-2.75m 1 1 0.2 0
2.75m-3m 4 1 0 24
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 2 1 1 0.1 12
5.01m-6m 1 0
7.01m-8m 1 0

Townhouses 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
1k-25k 1 0
176k-200k 4 6 0.3 4
201k-225k 3 6 2 0.3 3
226k-250k 8 28 3 0.6 1.7
251k-275k 20 41 8 0.3 2.9
276k-300k 29 57 5 0.3 3.1
301k-325k 25 65 6 0.4 2.3
326k-350k 25 57 7 0.4 2.6
351k-375k 24 50 4 0.3 2.9
376k-400k 28 41 7 0.2 4.1
401k-425k 15 17 1 0.2 5.3
426k-450k 5 12 3 0.4 2.5
451k-475k 6 1 1 0
476k-500k 1 0
501k-550k 3 3 0.2 6
551k-600k 6 1 0 36
601k-650k 1 0.2 0
651k-700k 1 0.2 0
701k-750k 1 0
851k-900k 1 0.2 0

Condos 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
151k-175k 3 0.5 0
176k-200k 3 15 2 0.8 1.2
201k-225k 10 14 2 0.2 4.3
226k-250k 17 24 6 0.2 4.3
251k-275k 16 25 5 0.3 3.8
276k-300k 14 7 1 0.1 12
301k-325k 10 17 3 0.3 3.5
326k-350k 4 5 0.2 4.8
351k-375k 1 0
426k-450k 1 0

Land 9% 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
1k-25k 2 0
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 2 2 1 0.2 6
126k-150k 3 5 2 0.3 3.6
151k-175k 1 1 0.2 6
176k-200k 1 1 0.2 6
201k-225k 1 1 1 0.2 6
226k-250k 1 2 0.3 3
276k-300k 1 1 1 0.2 6
301k-325k 2 0
326k-350k 4 1 0 24
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 1 3 0.5 2
426k-450k 2 2 1 0.2 6
451k-475k 1 1 1 0.2 6
476k-500k 1 2 0.3 3
501k-550k 1 2 1 0.3 3
551k-600k 1 0
601k-650k 1 1 1 0.2 6
651k-700k 3 1 1 0.1 18
701k-750k 1 0
801k-850k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
6.01m-7m 1 0