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 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
201k-225k 1 0.2 0
226k-250k 2 1 0.1 12
251k-275k 1 1 0.2 6
276k-300k 2 4 1 0.3 3
301k-325k 1 3 0.5 2
326k-350k 4 0.7 0
351k-375k 1 3 0.5 2
376k-400k 5 5 1 0.2 6
401k-425k 6 7 0.2 5.1
426k-450k 14 12 4 0.1 7
451k-475k 6 3 1 0.1 12
476k-500k 17 11 2 0.1 9.3
501k-550k 44 31 1 0.1 8.5
551k-600k 35 28 5 0.1 7.5
601k-650k 27 23 2 0.1 7
651k-700k 32 21 5 0.1 9.1
701k-750k 21 12 1 0.1 10.5
751k-800k 36 11 1 0.1 19.6
801k-850k 31 10 2 0.1 18.6
851k-900k 32 21 8 0.1 9.1
901k-950k 14 7 0.1 12
951k-1m 31 18 4 0.1 10.3
1m-1.1m 20 17 4 0.1 7.1
1.1m-1.2m 21 17 6 0.1 7.4
1.2m-1.3m 20 8 3 0.1 15
1.3m-1.4m 11 2 0 33
1.4m-1.5m 12 1 0 72
1.5m-1.6m 4 4 1 0.2 6
1.6m-1.7m 11 2 0 33
1.7m-1.8m 1 2 0.3 3
1.8m-1.9m 10 3 1 0.1 20
1.9m-2m 7 1 0 42
2m-2.25m 9 5 1 0.1 10.8
2.25m-2.5m 8 5 2 0.1 9.6
2.5m-2.75m 2 4 2 0.3 3
2.75m-3m 12 4 1 0.1 18
3m-3.5m 10 0
3.5m-4m 9 2 0 27
4m-4.5m 4 1 0 24
4.5m-5m 4 1 0 24
5.01m-6m 8 1 0 48
6.01m-7m 4 2 0.1 12
7.01m-8m 4 0
9.01m-10m 3 0
12.01m-13m 1 1 0.2 6
21.01m-22m 1 0
24.01m-25m 1 0

Townhouses 28% 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
226k-250k 1 0
251k-275k 1 0.2 0
326k-350k 1 0.2 0
351k-375k 1 0
376k-400k 2 3 0.3 4
401k-425k 4 3 0.1 8
426k-450k 4 4 3 0.2 6
451k-475k 4 6 0.3 4
476k-500k 8 0
501k-550k 5 5 1 0.2 6
551k-600k 1 0
601k-650k 1 1 0.2 6
651k-700k 1 1 0.2 0
751k-800k 1 0
851k-900k 1 0
1.9m-2m 1 1 0.2 0

Condos 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
151k-175k 1 2 0.3 3
176k-200k 5 5 0.2 6
201k-225k 4 5 3 0.2 4.8
226k-250k 9 7 4 0.1 7.7
251k-275k 12 7 1 0.1 10.3
276k-300k 28 9 2 0.1 18.7
301k-325k 30 8 2 0 22.5
326k-350k 32 11 4 0.1 17.5
351k-375k 21 11 1 0.1 11.5
376k-400k 42 22 1 0.1 11.5
401k-425k 22 8 0.1 16.5
426k-450k 35 10 2 0 21
451k-475k 29 5 1 0 34.8
476k-500k 18 13 1 0.1 8.3
501k-550k 35 9 0 23.3
551k-600k 27 6 1 0 27
601k-650k 29 9 1 0.1 19.3
651k-700k 31 8 3 0 23.3
701k-750k 13 2 0 39
751k-800k 11 5 1 0.1 13.2
801k-850k 15 1 1 0 90
851k-900k 11 0
901k-950k 6 3 1 0.1 12
951k-1m 8 3 0.1 16
1m-1.1m 4 2 0.1 12
1.1m-1.2m 15 1 0 90
1.2m-1.3m 8 4 0.1 12
1.3m-1.4m 2 0
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 6 1 0 36
1.6m-1.7m 3 0
1.7m-1.8m 6 1 0 36
1.8m-1.9m 7 1 0 42
1.9m-2m 6 4 1 0.1 9
2m-2.25m 5 3 0.1 10
2.25m-2.5m 10 0
2.5m-2.75m 7 0
2.75m-3m 8 3 0.1 16
3m-3.5m 8 2 1 0 24
3.5m-4m 6 3 1 0.1 12
4m-4.5m 6 0
4.5m-5m 4 4 2 0.2 6
5.01m-6m 1 0
6.01m-7m 1 1 1 0.2 6
9.01m-10m 1 0
15.01m-16m 1 1 0.2 0

Land 3% 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
26k-50k 1 2 0.3 3
51k-75k 1 0
76k-100k 2 1 0.1 12
101k-125k 1 0
126k-150k 6 4 2 0.1 9
151k-175k 5 2 0.1 15
176k-200k 4 6 3 0.3 4
201k-225k 4 0
226k-250k 13 2 0 39
251k-275k 3 0
276k-300k 7 2 0 21
301k-325k 3 1 1 0.1 18
326k-350k 3 1 0.1 18
351k-375k 3 0
376k-400k 6 0
401k-425k 2 1 0.1 12
426k-450k 3 0
451k-475k 1 1 1 0.2 6
476k-500k 5 0
501k-550k 1 0
551k-600k 1 0
601k-650k 2 0
651k-700k 4 1 0 24
751k-800k 2 0
851k-900k 3 0
901k-950k 1 0
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 2 0
4m-4.5m 2 0
5.01m-6m 4 0
6.01m-7m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0
15.01m-16m 1 0