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 27 8 0.6 1.6
251k-275k 22 58 12 0.4 2.3
276k-300k 78 155 27 0.3 3
301k-325k 185 251 36 0.2 4.4
326k-350k 257 291 60 0.2 5.3
351k-375k 244 256 30 0.2 5.7
376k-400k 288 262 45 0.2 6.6
401k-425k 203 160 21 0.1 7.6
426k-450k 200 143 21 0.1 8.4
451k-475k 121 84 14 0.1 8.6
476k-500k 156 85 12 0.1 11
501k-550k 213 156 18 0.1 8.2
551k-600k 195 87 9 0.1 13.4
601k-650k 134 74 12 0.1 10.9
651k-700k 127 60 11 0.1 12.7
701k-750k 79 45 6 0.1 10.5
751k-800k 83 29 4 0.1 17.2
801k-850k 56 21 1 0.1 16
851k-900k 48 18 2 0.1 16
901k-950k 42 14 3 0.1 18
951k-1m 66 7 0 56.6
1m-1.1m 37 18 2 0.1 12.3
1.1m-1.2m 42 8 0 31.5
1.2m-1.3m 43 11 6 0 23.5
1.3m-1.4m 30 4 1 0 45
1.4m-1.5m 34 10 1 0 20.4
1.5m-1.6m 21 2 0 63
1.6m-1.7m 14 3 1 0 28
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 15 4 0 22.5
2.5m-2.75m 7 1 0 42
2.75m-3m 9 1 0 54
3m-3.5m 7 1 0 42
3.5m-4m 6 2 0.1 18
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 3 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 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 1 0
51k-75k 1 0.2 0
76k-100k 2 1 0.3 0
101k-125k 2 0.3 0
126k-150k 6 15 4 0.4 2.4
151k-175k 23 13 5 0.1 10.6
176k-200k 51 18 2 0.1 17
201k-225k 38 12 5 0.1 19
226k-250k 65 9 3 0 43.3
251k-275k 49 14 5 0 21
276k-300k 45 14 2 0.1 19.3
301k-325k 21 14 3 0.1 9
326k-350k 24 3 1 0 48
351k-375k 5 2 1 0.1 15
376k-400k 7 4 2 0.1 10.5
401k-425k 4 2 0.1 12
426k-450k 5 4 1 0.1 7.5
451k-475k 5 1 0 30
476k-500k 6 2 1 0.1 18
501k-550k 5 3 1 0.1 10
551k-600k 8 2 1 0 24
601k-650k 5 4 0.1 7.5
651k-700k 8 2 1 0 24
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 34 24 9 0.1 8.5
26k-50k 478 462 61 0.2 6.2
51k-75k 815 149 31 0 32.8
76k-100k 305 121 24 0.1 15.1
101k-125k 149 39 13 0 22.9
126k-150k 94 26 7 0 21.7
151k-175k 65 8 1 0 48.8
176k-200k 89 13 1 0 41.1
201k-225k 45 7 0 38.6
226k-250k 64 7 2 0 54.9
251k-275k 45 9 2 0 30
276k-300k 49 7 3 0 42
301k-325k 18 8 0.1 13.5
326k-350k 35 4 0 52.5
351k-375k 20 1 0 120
376k-400k 26 2 0 78
401k-425k 5 0
426k-450k 15 2 0 45
451k-475k 5 1 0 30
476k-500k 22 2 0 66
501k-550k 19 0
551k-600k 15 2 2 0 45
601k-650k 8 4 3 0.1 12
651k-700k 18 0
701k-750k 2 0
751k-800k 9 0
801k-850k 5 0
851k-900k 5 0
901k-950k 2 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 4 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