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
76k-100k 1 1 0.2 0
126k-150k 2 0.3 0
151k-175k 3 2 0.5 0
176k-200k 3 6 1 0.3 3
201k-225k 2 12 4 1 1
226k-250k 5 31 7 1 1
251k-275k 27 53 5 0.3 3.1
276k-300k 88 141 21 0.3 3.7
301k-325k 190 237 27 0.2 4.8
326k-350k 241 251 41 0.2 5.8
351k-375k 247 239 27 0.2 6.2
376k-400k 306 235 29 0.1 7.8
401k-425k 184 135 13 0.1 8.2
426k-450k 218 126 17 0.1 10.4
451k-475k 140 68 15 0.1 12.4
476k-500k 151 75 12 0.1 12.1
501k-550k 221 133 9 0.1 10
551k-600k 211 78 10 0.1 16.2
601k-650k 125 67 7 0.1 11.2
651k-700k 139 58 7 0.1 14.4
701k-750k 92 44 8 0.1 12.5
751k-800k 99 15 1 0 39.6
801k-850k 52 26 5 0.1 12
851k-900k 53 20 4 0.1 15.9
901k-950k 44 11 2 0 24
951k-1m 66 9 3 0 44
1m-1.1m 36 13 3 0.1 16.6
1.1m-1.2m 49 11 5 0 26.7
1.2m-1.3m 45 10 3 0 27
1.3m-1.4m 31 3 3 0 62
1.4m-1.5m 42 10 2 0 25.2
1.5m-1.6m 22 3 1 0 44
1.6m-1.7m 19 2 0 57
1.7m-1.8m 15 5 1 0.1 18
1.8m-1.9m 12 4 0.1 18
1.9m-2m 16 3 1 0 32
2m-2.25m 10 1 1 0 60
2.25m-2.5m 18 1 0 108
2.5m-2.75m 6 1 0 36
2.75m-3m 11 0
3m-3.5m 7 1 0 42
3.5m-4m 7 1 0 42
4m-4.5m 5 0
4.5m-5m 3 0
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 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 3 1 0.1 18
176k-200k 4 0
201k-225k 2 2 0.2 6
226k-250k 3 0
251k-275k 3 7 1 0.4 2.6
276k-300k 4 5 1 0.2 4.8
301k-325k 3 1 0.1 18
326k-350k 2 1 1 0.1 12
351k-375k 2 2 0.2 6
426k-450k 1 0
476k-500k 1 0
501k-550k 2 0
651k-700k 1 0
701k-750k 2 0
901k-950k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 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
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 13 12 3 0.2 6.5
151k-175k 27 14 4 0.1 11.6
176k-200k 45 19 4 0.1 14.2
201k-225k 36 11 3 0.1 19.6
226k-250k 59 11 4 0 32.2
251k-275k 40 13 3 0.1 18.5
276k-300k 42 13 3 0.1 19.4
301k-325k 21 10 2 0.1 12.6
326k-350k 24 5 2 0 28.8
351k-375k 7 5 1 0.1 8.4
376k-400k 8 1 0 48
401k-425k 4 2 0.1 12
426k-450k 5 2 0.1 15
451k-475k 2 3 1 0.3 4
476k-500k 7 1 0 42
501k-550k 5 3 0.1 10
551k-600k 10 4 2 0.1 15
601k-650k 6 4 0.1 9
651k-700k 7 0
701k-750k 2 0
751k-800k 1 0
801k-850k 4 0
851k-900k 1 1 0.2 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 2 0

Land 6% 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 41 15 2 0.1 16.4
26k-50k 476 466 72 0.2 6.1
51k-75k 784 149 20 0 31.6
76k-100k 306 119 21 0.1 15.4
101k-125k 133 39 9 0 20.5
126k-150k 90 23 3 0 23.5
151k-175k 73 6 1 0 73
176k-200k 84 16 4 0 31.5
201k-225k 40 9 4 0 26.7
226k-250k 62 5 0 74.4
251k-275k 43 6 0 43
276k-300k 58 6 1 0 58
301k-325k 18 7 0.1 15.4
326k-350k 30 3 0 60
351k-375k 19 0
376k-400k 28 2 1 0 84
401k-425k 3 1 1 0.1 18
426k-450k 15 1 0 90
451k-475k 4 3 0.1 8
476k-500k 26 2 1 0 78
501k-550k 20 2 0 60
551k-600k 13 1 1 0 78
601k-650k 7 0
651k-700k 14 0
701k-750k 3 0
751k-800k 9 0
801k-850k 4 0
851k-900k 5 0
901k-950k 2 0
951k-1m 2 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 2 2 1 0.2 6
1.2m-1.3m 4 1 1 0 24
1.3m-1.4m 5 0
1.4m-1.5m 4 0
1.6m-1.7m 1 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 3 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 1 1 0.2 6
6.01m-7m 1 0
29.01m-30m 1 0