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

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
76k-100k 1 1 0.2 0
101k-125k 1 2 1 0.3 3
126k-150k 2 2 0.2 6
151k-175k 2 0
176k-200k 1 0.2 0
201k-225k 1 6 1 1
226k-250k 8 17 1 0.4 2.8
251k-275k 22 27 4 0.2 4.9
276k-300k 30 34 5 0.2 5.3
301k-325k 19 34 4 0.3 3.4
326k-350k 28 42 10 0.3 4
351k-375k 20 18 4 0.2 6.7
376k-400k 41 41 8 0.2 6
401k-425k 21 41 7 0.3 3.1
426k-450k 24 28 2 0.2 5.1
451k-475k 13 16 3 0.2 4.9
476k-500k 8 20 3 0.4 2.4
501k-550k 11 18 4 0.3 3.7
551k-600k 1 9 4 1.5 0.7
601k-650k 12 5 0.1 14.4
651k-700k 10 12 4 0.2 5
701k-750k 16 9 0.1 10.7
751k-800k 9 9 2 0.2 6
801k-850k 11 3 2 0 22
851k-900k 9 2 1 0 27
901k-950k 5 4 1 0.1 7.5
951k-1m 5 3 0.1 10
1m-1.1m 2 0
1.1m-1.2m 7 4 1 0.1 10.5
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 6 1 0 36
1.5m-1.6m 3 2 1 0.1 9
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 6 3 1 0.1 12
1.8m-1.9m 6 3 3 0.1 12
1.9m-2m 1 4 1 0.7 1.5
2m-2.25m 5 6 2 0.2 5
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 4 3 1 0.1 8
2.75m-3m 2 2 0.2 6
3m-3.5m 10 4 0.1 15
3.5m-4m 2 2 0.2 6
4m-4.5m 4 0
4.5m-5m 1 2 1 0.3 3
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0