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 18% 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 3 6 1 0.3 3
251k-275k 1 10 2 1.7 0.6
276k-300k 22 29 3 0.2 4.6
301k-325k 23 40 8 0.3 3.5
326k-350k 28 83 9 0.5 2
351k-375k 38 105 13 0.5 2.2
376k-400k 54 170 35 0.5 1.9
401k-425k 44 183 27 0.7 1.4
426k-450k 78 190 24 0.4 2.5
451k-475k 74 134 18 0.3 3.3
476k-500k 81 140 25 0.3 3.5
501k-550k 121 255 44 0.4 2.8
551k-600k 102 201 26 0.3 3
601k-650k 67 138 19 0.3 2.9
651k-700k 52 105 20 0.3 3
701k-750k 26 66 14 0.4 2.4
751k-800k 50 84 15 0.3 3.6
801k-850k 27 29 5 0.2 5.6
851k-900k 25 24 3 0.2 6.3
901k-950k 13 19 5 0.2 4.1
951k-1m 8 24 5 0.5 2
1m-1.1m 8 20 4 0.4 2.4
1.1m-1.2m 9 22 6 0.4 2.5
1.2m-1.3m 9 11 4 0.2 4.9
1.3m-1.4m 9 17 4 0.3 3.2
1.4m-1.5m 7 7 1 0.2 6
1.5m-1.6m 4 5 0.2 4.8
1.6m-1.7m 4 5 1 0.2 4.8
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 5 2 0.8 0
1.9m-2m 5 1 1 0 30
2m-2.25m 6 4 2 0.1 9
2.25m-2.5m 6 8 1 0.2 4.5
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 1 0.8 1.3
226k-250k 8 25 2 0.5 1.9
251k-275k 20 36 5 0.3 3.3
276k-300k 28 66 7 0.4 2.5
301k-325k 23 71 14 0.5 1.9
326k-350k 23 63 5 0.5 2.2
351k-375k 26 56 10 0.4 2.8
376k-400k 25 42 9 0.3 3.6
401k-425k 18 23 2 0.2 4.7
426k-450k 3 11 1 0.6 1.6
451k-475k 3 5 0.3 3.6
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 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
151k-175k 3 1 0.5 0
176k-200k 3 12 5 0.7 1.5
201k-225k 12 17 3 0.2 4.2
226k-250k 17 24 6 0.2 4.3
251k-275k 15 19 2 0.2 4.7
276k-300k 13 9 1 0.1 8.7
301k-325k 8 15 2 0.3 3.2
326k-350k 4 7 0.3 3.4
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 0.2 0
101k-125k 1 2 1 0.3 3
126k-150k 3 3 1 0.2 6
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 3 1 0.1 18
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 1 0.2 6
551k-600k 3 0
601k-650k 1 0
651k-700k 6 1 0 36
701k-750k 1 0
801k-850k 2 0
851k-900k 1 0
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.2m-1.3m 1 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