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 2 6 1 0.5 2
251k-275k 1 10 2 1.7 0.6
276k-300k 19 30 3 0.3 3.8
301k-325k 22 40 8 0.3 3.3
326k-350k 28 81 8 0.5 2.1
351k-375k 37 104 13 0.5 2.1
376k-400k 60 174 34 0.5 2.1
401k-425k 49 177 22 0.6 1.7
426k-450k 76 194 28 0.4 2.4
451k-475k 80 134 18 0.3 3.6
476k-500k 78 141 26 0.3 3.3
501k-550k 122 257 43 0.4 2.8
551k-600k 100 201 23 0.3 3
601k-650k 67 141 19 0.4 2.9
651k-700k 55 102 17 0.3 3.2
701k-750k 27 65 14 0.4 2.5
751k-800k 47 85 14 0.3 3.3
801k-850k 25 30 4 0.2 5
851k-900k 27 24 3 0.1 6.8
901k-950k 13 19 5 0.2 4.1
951k-1m 9 24 5 0.4 2.3
1m-1.1m 8 20 5 0.4 2.4
1.1m-1.2m 12 22 6 0.3 3.3
1.2m-1.3m 10 12 4 0.2 5
1.3m-1.4m 9 17 4 0.3 3.2
1.4m-1.5m 8 7 1 0.1 6.9
1.5m-1.6m 3 5 0.3 3.6
1.6m-1.7m 5 5 1 0.2 6
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 7 7 0.2 6
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 16% 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 7 25 3 0.6 1.7
251k-275k 18 35 4 0.3 3.1
276k-300k 24 68 9 0.5 2.1
301k-325k 26 71 13 0.5 2.2
326k-350k 24 63 5 0.4 2.3
351k-375k 26 55 9 0.4 2.8
376k-400k 23 42 9 0.3 3.3
401k-425k 17 23 2 0.2 4.4
426k-450k 3 10 0.6 1.8
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 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 1 0.2 0

Condos 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
151k-175k 3 1 0.5 0
176k-200k 2 12 5 1 1
201k-225k 13 18 3 0.2 4.3
226k-250k 17 24 6 0.2 4.3
251k-275k 16 18 2 0.2 5.3
276k-300k 14 9 1 0.1 9.3
301k-325k 8 15 2 0.3 3.2
326k-350k 4 7 0.3 3.4
351k-375k 1 0

Land 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
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 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 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
901k-950k 1 0.2 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
1.8m-1.9m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
6.01m-7m 1 0