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 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
76k-100k 1 0
126k-150k 2 0.3 0
151k-175k 2 0.3 0
176k-200k 1 6 1 1 1
201k-225k 2 11 1 0.9 1.1
226k-250k 7 25 6 0.6 1.7
251k-275k 25 56 10 0.4 2.7
276k-300k 82 154 25 0.3 3.2
301k-325k 180 253 40 0.2 4.3
326k-350k 260 293 62 0.2 5.3
351k-375k 241 255 31 0.2 5.7
376k-400k 283 264 48 0.2 6.4
401k-425k 194 163 21 0.1 7.1
426k-450k 198 142 21 0.1 8.4
451k-475k 119 85 13 0.1 8.4
476k-500k 157 82 12 0.1 11.5
501k-550k 211 159 20 0.1 8
551k-600k 192 87 10 0.1 13.2
601k-650k 128 74 12 0.1 10.4
651k-700k 119 63 14 0.1 11.3
701k-750k 78 45 7 0.1 10.4
751k-800k 77 29 4 0.1 15.9
801k-850k 56 23 2 0.1 14.6
851k-900k 50 18 2 0.1 16.7
901k-950k 43 14 3 0.1 18.4
951k-1m 62 8 0 46.5
1m-1.1m 37 19 3 0.1 11.7
1.1m-1.2m 40 8 0 30
1.2m-1.3m 41 12 6 0 20.5
1.3m-1.4m 28 5 1 0 33.6
1.4m-1.5m 35 9 0 23.3
1.5m-1.6m 21 2 0 63
1.6m-1.7m 15 3 1 0 30
1.7m-1.8m 12 2 0 36
1.8m-1.9m 18 6 1 0.1 18
1.9m-2m 12 2 0 36
2m-2.25m 12 1 1 0 72
2.25m-2.5m 14 4 0 21
2.5m-2.75m 8 1 0 48
2.75m-3m 9 1 0 54
3m-3.5m 5 1 0 30
3.5m-4m 7 2 0 21
4m-4.5m 3 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 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 0.1 18
176k-200k 2 0
201k-225k 1 2 1 0.3 3
226k-250k 3 0
251k-275k 2 8 0.7 1.5
276k-300k 6 8 1 0.2 4.5
301k-325k 4 1 0 24
326k-350k 4 1 0 24
351k-375k 2 0.3 0
426k-450k 1 0
501k-550k 3 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 1 0.1 12
751k-800k 1 1 0.2 6
851k-900k 2 0.3 0
901k-950k 1 0
951k-1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 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
1k-25k 1 0
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 3 1 0.5 0
126k-150k 4 15 4 0.6 1.6
151k-175k 24 12 4 0.1 12
176k-200k 50 18 2 0.1 16.7
201k-225k 34 14 7 0.1 14.6
226k-250k 62 11 3 0 33.8
251k-275k 47 14 5 0 20.1
276k-300k 46 14 2 0.1 19.7
301k-325k 19 14 3 0.1 8.1
326k-350k 24 5 3 0 28.8
351k-375k 4 2 1 0.1 12
376k-400k 8 3 1 0.1 16
401k-425k 4 2 0.1 12
426k-450k 6 3 0.1 12
451k-475k 5 1 1 0 30
476k-500k 6 2 1 0.1 18
501k-550k 5 2 0.1 15
551k-600k 8 3 2 0.1 16
601k-650k 6 4 0.1 9
651k-700k 6 2 1 0.1 18
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 3 0
851k-900k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 3 3 0.2 6
1.6m-1.7m 3 0
1.7m-1.8m 1 1 0.2 0
3.5m-4m 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
1k-25k 33 25 9 0.1 7.9
26k-50k 472 470 70 0.2 6
51k-75k 810 152 32 0 32
76k-100k 304 122 23 0.1 15
101k-125k 148 40 13 0 22.2
126k-150k 96 26 7 0 22.2
151k-175k 65 8 1 0 48.8
176k-200k 91 13 2 0 42
201k-225k 46 7 0 39.4
226k-250k 64 6 2 0 64
251k-275k 45 9 2 0 30
276k-300k 50 6 2 0 50
301k-325k 18 8 0.1 13.5
326k-350k 35 4 0 52.5
351k-375k 20 1 0 120
376k-400k 25 2 0 75
401k-425k 5 0
426k-450k 14 2 0 42
451k-475k 5 1 0 30
476k-500k 21 2 0 63
501k-550k 19 0
551k-600k 15 2 2 0 45
601k-650k 7 4 3 0.1 10.5
651k-700k 18 0
701k-750k 2 0
751k-800k 9 0
801k-850k 5 0
851k-900k 4 0
901k-950k 3 0
951k-1m 2 0
1m-1.1m 5 1 0 30
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 4 0
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 3 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 2 0
4.5m-5m 1 0.2 0
6.01m-7m 1 0
29.01m-30m 1 0