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
126k-150k 1 0
201k-225k 1 1 0.2 0
226k-250k 2 7 1 0.6 1.7
251k-275k 2 10 2 0.8 1.2
276k-300k 22 25 3 0.2 5.3
301k-325k 19 40 9 0.4 2.9
326k-350k 27 87 13 0.5 1.9
351k-375k 43 107 16 0.4 2.4
376k-400k 60 161 28 0.4 2.2
401k-425k 52 182 29 0.6 1.7
426k-450k 82 183 27 0.4 2.7
451k-475k 70 132 23 0.3 3.2
476k-500k 87 140 28 0.3 3.7
501k-550k 123 248 39 0.3 3
551k-600k 100 205 33 0.3 2.9
601k-650k 71 131 15 0.3 3.3
651k-700k 52 102 15 0.3 3.1
701k-750k 26 63 12 0.4 2.5
751k-800k 45 81 15 0.3 3.3
801k-850k 25 30 6 0.2 5
851k-900k 24 27 4 0.2 5.3
901k-950k 13 18 2 0.2 4.3
951k-1m 10 24 4 0.4 2.5
1m-1.1m 7 21 4 0.5 2
1.1m-1.2m 8 24 6 0.5 2
1.2m-1.3m 6 12 3 0.3 3
1.3m-1.4m 9 16 3 0.3 3.4
1.4m-1.5m 7 8 1 0.2 5.3
1.5m-1.6m 5 5 0.2 6
1.6m-1.7m 3 6 3 0.3 3
1.7m-1.8m 2 4 1 0.3 3
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 6 7 2 0.2 5.1
2.75m-3m 2 1 1 0.1 12
3.5m-4m 2 0
5.01m-6m 1 0.2 0
7.01m-8m 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
1k-25k 1 0
176k-200k 3 6 1 0.3 3
201k-225k 2 8 0.7 1.5
226k-250k 7 29 5 0.7 1.4
251k-275k 20 39 7 0.3 3.1
276k-300k 30 62 6 0.3 2.9
301k-325k 23 71 16 0.5 1.9
326k-350k 23 63 5 0.5 2.2
351k-375k 26 56 10 0.4 2.8
376k-400k 27 39 6 0.2 4.2
401k-425k 15 21 1 0.2 4.3
426k-450k 5 11 1 0.4 2.7
451k-475k 2 5 0.4 2.4
476k-500k 2 0.3 0
501k-550k 1 3 0.5 2
551k-600k 4 1 0 24
601k-650k 1 0.2 0
651k-700k 1 1 0.2 6
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 0

Condos 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
151k-175k 3 0.5 0
176k-200k 4 11 4 0.5 2.2
201k-225k 13 17 6 0.2 4.6
226k-250k 13 26 7 0.3 3
251k-275k 15 21 4 0.2 4.3
276k-300k 15 8 1 0.1 11.3
301k-325k 10 16 2 0.3 3.8
326k-350k 5 7 0.2 4.3
351k-375k 1 0

Land 6% 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 1 0.2 6
101k-125k 1 2 1 0.3 3
126k-150k 4 4 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 2 0.2 6
276k-300k 2 1 0.1 12
301k-325k 3 0
326k-350k 3 1 0.1 18
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 0
476k-500k 1 2 1 0.3 3
501k-550k 1 1 0.2 6
551k-600k 3 0
601k-650k 1 0
651k-700k 5 0
701k-750k 1 0
801k-850k 2 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
3m-3.5m 2 0
3.5m-4m 2 0
6.01m-7m 1 0