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 20% 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 8 2 1.3 0
276k-300k 22 27 5 0.2 4.9
301k-325k 17 40 7 0.4 2.6
326k-350k 30 86 15 0.5 2.1
351k-375k 31 106 26 0.6 1.8
376k-400k 54 161 20 0.5 2
401k-425k 40 186 36 0.8 1.3
426k-450k 74 172 28 0.4 2.6
451k-475k 72 132 24 0.3 3.3
476k-500k 69 128 22 0.3 3.2
501k-550k 107 230 32 0.4 2.8
551k-600k 80 204 26 0.4 2.4
601k-650k 70 121 15 0.3 3.5
651k-700k 43 93 9 0.4 2.8
701k-750k 33 57 8 0.3 3.5
751k-800k 30 71 7 0.4 2.5
801k-850k 21 27 3 0.2 4.7
851k-900k 23 25 4 0.2 5.5
901k-950k 14 16 1 0.2 5.3
951k-1m 9 20 3 0.4 2.7
1m-1.1m 8 23 5 0.5 2.1
1.1m-1.2m 9 22 2 0.4 2.5
1.2m-1.3m 8 11 3 0.2 4.4
1.3m-1.4m 6 15 1 0.4 2.4
1.4m-1.5m 6 5 1 0.1 7.2
1.5m-1.6m 5 6 2 0.2 5
1.6m-1.7m 3 6 0.3 3
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 3 5 1 0.3 3.6
2.25m-2.5m 6 6 1 0.2 6
2.5m-2.75m 1 1 0.2 0
2.75m-3m 3 1 1 0.1 18
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 1 1 0.2 6
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 7 1 0.3 3.4
201k-225k 3 5 1 0.3 3.6
226k-250k 7 29 6 0.7 1.4
251k-275k 20 40 8 0.3 3
276k-300k 29 59 7 0.3 2.9
301k-325k 25 65 7 0.4 2.3
326k-350k 23 55 5 0.4 2.5
351k-375k 28 52 6 0.3 3.2
376k-400k 27 42 6 0.3 3.9
401k-425k 16 17 1 0.2 5.6
426k-450k 6 12 3 0.3 3
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 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
151k-175k 3 0.5 0
176k-200k 3 15 3 0.8 1.2
201k-225k 10 14 2 0.2 4.3
226k-250k 15 24 6 0.3 3.8
251k-275k 16 25 6 0.3 3.8
276k-300k 15 7 0.1 12.9
301k-325k 10 16 3 0.3 3.8
326k-350k 4 5 0.2 4.8
351k-375k 1 0
426k-450k 1 0

Land 10% 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 1 0.5 2
426k-450k 1 3 1 0.5 2
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 4 1 1 0 24
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