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
76k-100k 1 0
101k-125k 1 0
126k-150k 1 0
226k-250k 1 6 2 1 1
251k-275k 1 10 3 1.7 0.6
276k-300k 20 29 4 0.2 4.1
301k-325k 22 43 8 0.3 3.1
326k-350k 27 83 14 0.5 2
351k-375k 37 107 12 0.5 2.1
376k-400k 58 181 37 0.5 1.9
401k-425k 51 179 23 0.6 1.7
426k-450k 78 199 28 0.4 2.4
451k-475k 77 142 22 0.3 3.3
476k-500k 81 142 26 0.3 3.4
501k-550k 118 263 53 0.4 2.7
551k-600k 99 205 31 0.3 2.9
601k-650k 69 144 26 0.3 2.9
651k-700k 53 103 21 0.3 3.1
701k-750k 32 63 13 0.3 3
751k-800k 45 87 17 0.3 3.1
801k-850k 25 32 5 0.2 4.7
851k-900k 26 26 3 0.2 6
901k-950k 13 21 5 0.3 3.7
951k-1m 10 24 5 0.4 2.5
1m-1.1m 5 21 6 0.7 1.4
1.1m-1.2m 11 23 6 0.3 2.9
1.2m-1.3m 10 12 4 0.2 5
1.3m-1.4m 8 17 5 0.4 2.8
1.4m-1.5m 9 7 1 0.1 7.7
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 5 5 0.2 6
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 4 1 0.7 0
1.9m-2m 5 1 1 0 30
2m-2.25m 6 4 2 0.1 9
2.25m-2.5m 7 8 1 0.2 5.3
2.75m-3m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0.2 0
7.01m-8m 1 0

Townhouses 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
1k-25k 1 0
176k-200k 4 6 1 0.3 4
201k-225k 2 9 3 0.8 1.3
226k-250k 6 25 4 0.7 1.4
251k-275k 18 38 6 0.4 2.8
276k-300k 26 67 8 0.4 2.3
301k-325k 27 72 14 0.4 2.3
326k-350k 25 63 8 0.4 2.4
351k-375k 27 55 7 0.3 2.9
376k-400k 22 42 10 0.3 3.1
401k-425k 16 23 3 0.2 4.2
426k-450k 4 10 0.4 2.4
451k-475k 3 5 0.3 3.6
476k-500k 2 0.3 0
501k-550k 1 3 0.5 2
551k-600k 4 2 0.1 12
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 0

Condos 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
151k-175k 3 2 0.5 0
176k-200k 2 12 5 1 1
201k-225k 13 18 5 0.2 4.3
226k-250k 20 23 6 0.2 5.2
251k-275k 16 21 3 0.2 4.6
276k-300k 12 9 1 0.1 8
301k-325k 9 15 2 0.3 3.6
326k-350k 4 8 0.3 3
351k-375k 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
1k-25k 3 0
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 1 0.2 6
126k-150k 4 2 0.1 12
151k-175k 2 2 0.2 6
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 3 0.3 4
276k-300k 1 1 0.2 6
301k-325k 4 0
326k-350k 2 1 0.1 12
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 1 2 0.3 3
426k-450k 1 3 1 0.5 2
451k-475k 1 0
476k-500k 1 2 1 0.3 3
501k-550k 1 0
551k-600k 3 0
601k-650k 1 1 0.2 6
651k-700k 6 1 0 36
701k-750k 1 0
801k-850k 2 0
851k-900k 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 1 0.2 6
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 2 0
6.01m-7m 1 0