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 12% 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
301k-325k 1 0
351k-375k 1 0.2 0
401k-425k 1 0.2 0
426k-450k 1 2 0.3 3
451k-475k 2 7 0.6 1.7
476k-500k 4 9 1 0.4 2.7
501k-550k 4 26 3 1.1 0.9
551k-600k 22 52 8 0.4 2.5
601k-650k 20 59 13 0.5 2
651k-700k 36 91 14 0.4 2.4
701k-750k 46 80 14 0.3 3.5
751k-800k 40 73 8 0.3 3.3
801k-850k 41 76 14 0.3 3.2
851k-900k 31 91 12 0.5 2
901k-950k 31 60 7 0.3 3.1
951k-1m 39 78 15 0.3 3
1m-1.1m 39 108 14 0.5 2.2
1.1m-1.2m 44 111 17 0.4 2.4
1.2m-1.3m 61 82 12 0.2 4.5
1.3m-1.4m 47 78 11 0.3 3.6
1.4m-1.5m 31 73 13 0.4 2.5
1.5m-1.6m 31 67 11 0.4 2.8
1.6m-1.7m 33 46 2 0.2 4.3
1.7m-1.8m 23 50 7 0.4 2.8
1.8m-1.9m 30 43 6 0.2 4.2
1.9m-2m 34 33 7 0.2 6.2
2m-2.25m 50 60 12 0.2 5
2.25m-2.5m 64 62 14 0.2 6.2
2.5m-2.75m 27 29 5 0.2 5.6
2.75m-3m 51 31 5 0.1 9.9
3m-3.5m 50 43 10 0.1 7
3.5m-4m 42 41 9 0.2 6.1
4m-4.5m 33 19 5 0.1 10.4
4.5m-5m 36 16 4 0.1 13.5
5.01m-6m 46 14 2 0.1 19.7
6.01m-7m 25 9 1 0.1 16.7
7.01m-8m 12 6 1 0.1 12
8.01m-9m 8 4 2 0.1 12
9.01m-10m 3 1 0.1 18
10.01m-11m 2 1 0.1 12
11.01m-12m 2 1 0.1 12
12.01m-13m 3 0
13.01m-14m 1 0
14.01m-15m 4 0
15.01m-16m 1 0
16.01m-17m 1 0
17.01m-18m 1 0
18.01m-19m 1 0
19.01m-20m 1 0
21.01m-22m 1 0
22.01m-23m 1 1 1 0.2 6
24.01m-25m 1 0
29.01m-30m 1 0

Townhouses 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
76k-100k 1 0
126k-150k 3 0.5 0
151k-175k 2 2 0.2 6
176k-200k 6 3 1 0.1 12
201k-225k 3 0
226k-250k 5 3 1 0.1 10
251k-275k 1 5 0.8 1.2
276k-300k 2 9 2 0.8 1.3
301k-325k 5 14 0.5 2.1
326k-350k 6 14 2 0.4 2.6
351k-375k 15 15 2 0.2 6
376k-400k 10 11 1 0.2 5.5
401k-425k 13 18 1 0.2 4.3
426k-450k 10 23 5 0.4 2.6
451k-475k 18 18 1 0.2 6
476k-500k 16 27 5 0.3 3.6
501k-550k 22 51 9 0.4 2.6
551k-600k 21 40 5 0.3 3.2
601k-650k 23 49 8 0.4 2.8
651k-700k 28 34 12 0.2 4.9
701k-750k 16 24 5 0.3 4
751k-800k 26 12 3 0.1 13
801k-850k 23 22 4 0.2 6.3
851k-900k 13 27 3 0.3 2.9
901k-950k 10 12 1 0.2 5
951k-1m 4 8 1 0.3 3
1m-1.1m 9 7 4 0.1 7.7
1.1m-1.2m 10 15 1 0.3 4
1.2m-1.3m 8 8 3 0.2 6
1.3m-1.4m 6 4 2 0.1 9
1.4m-1.5m 4 3 1 0.1 8
1.5m-1.6m 6 1 0 36
1.6m-1.7m 2 5 4 0.4 2.4
1.7m-1.8m 4 1 1 0 24
1.8m-1.9m 3 2 0.1 9
1.9m-2m 1 0.2 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 5 1 0 30
2.75m-3m 1 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 1 1 0.2 6

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 2 1 0.3 0
101k-125k 1 3 1 0.5 2
126k-150k 3 2 0.1 9
151k-175k 1 0
176k-200k 1 1 0.2 0
201k-225k 2 7 1 0.6 1.7
226k-250k 7 17 3 0.4 2.5
251k-275k 20 25 4 0.2 4.8
276k-300k 34 29 4 0.1 7
301k-325k 18 32 5 0.3 3.4
326k-350k 28 45 6 0.3 3.7
351k-375k 24 24 5 0.2 6
376k-400k 34 39 7 0.2 5.2
401k-425k 21 33 3 0.3 3.8
426k-450k 23 25 5 0.2 5.5
451k-475k 17 14 2 0.1 7.3
476k-500k 12 15 0.2 4.8
501k-550k 17 18 2 0.2 5.7
551k-600k 6 9 4 0.3 4
601k-650k 9 5 2 0.1 10.8
651k-700k 10 12 3 0.2 5
701k-750k 11 3 0 22
751k-800k 13 8 0.1 9.8
801k-850k 9 2 0 27
851k-900k 10 3 1 0.1 20
901k-950k 3 4 1 0.2 4.5
951k-1m 5 4 1 0.1 7.5
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 9 2 0 27
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 6 1 0 36
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 4 3 0.1 8
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 2 3 1 0.3 4
2m-2.25m 6 7 1 0.2 5.1
2.25m-2.5m 3 5 2 0.3 3.6
2.5m-2.75m 3 3 0.2 6
2.75m-3m 2 3 1 0.3 4
3m-3.5m 10 5 1 0.1 12
3.5m-4m 2 2 1 0.2 6
4m-4.5m 3 0
4.5m-5m 1 2 0.3 3
6.01m-7m 1 0
7.01m-8m 1 0
12.01m-13m 1 0

Land 7% 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 2 1 0.1 12
76k-100k 4 1 0 24
101k-125k 5 2 0.1 15
126k-150k 14 4 1 0 21
151k-175k 2 4 1 0.3 3
176k-200k 3 1 0.1 18
201k-225k 4 0
226k-250k 7 2 0 21
251k-275k 1 0
276k-300k 4 0
301k-325k 4 2 0.1 12
326k-350k 3 0
351k-375k 4 2 0.1 12
376k-400k 4 3 0.1 8
401k-425k 2 1 0.3 0
426k-450k 2 1 0.1 12
451k-475k 3 4 1 0.2 4.5
476k-500k 8 4 1 0.1 12
501k-550k 8 9 2 0.2 5.3
551k-600k 9 2 0 27
601k-650k 4 1 0 24
651k-700k 6 4 1 0.1 9
701k-750k 5 0
751k-800k 5 0
801k-850k 5 3 0.1 10
851k-900k 5 4 2 0.1 7.5
901k-950k 1 2 0.3 3
951k-1m 4 1 0 24
1m-1.1m 6 1 0 36
1.1m-1.2m 6 1 1 0 36
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 6 2 0.1 18
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 5 1 0 30
1.8m-1.9m 1 1 0.2 6
1.9m-2m 5 1 0 30
2m-2.25m 3 1 1 0.1 18
2.25m-2.5m 9 1 0 54
2.5m-2.75m 1 1 1 0.2 6
2.75m-3m 2 2 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 3 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 3 0
9.01m-10m 4 0