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 8 26 7 0.5 1.8
251k-275k 25 56 10 0.4 2.7
276k-300k 78 156 27 0.3 3
301k-325k 180 253 39 0.2 4.3
326k-350k 260 294 60 0.2 5.3
351k-375k 243 259 31 0.2 5.6
376k-400k 283 265 48 0.2 6.4
401k-425k 193 164 22 0.1 7.1
426k-450k 203 143 21 0.1 8.5
451k-475k 119 85 14 0.1 8.4
476k-500k 158 86 14 0.1 11
501k-550k 212 157 19 0.1 8.1
551k-600k 193 87 9 0.1 13.3
601k-650k 134 76 12 0.1 10.6
651k-700k 123 61 13 0.1 12.1
701k-750k 78 45 7 0.1 10.4
751k-800k 82 29 4 0.1 17
801k-850k 56 23 2 0.1 14.6
851k-900k 49 18 2 0.1 16.3
901k-950k 43 14 3 0.1 18.4
951k-1m 63 8 0 47.3
1m-1.1m 37 19 3 0.1 11.7
1.1m-1.2m 42 8 0 31.5
1.2m-1.3m 41 11 6 0 22.4
1.3m-1.4m 29 5 1 0 34.8
1.4m-1.5m 35 10 1 0 21
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 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 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 5 15 4 0.5 2
151k-175k 23 13 5 0.1 10.6
176k-200k 51 18 2 0.1 17
201k-225k 37 13 6 0.1 17.1
226k-250k 65 10 3 0 39
251k-275k 47 14 5 0 20.1
276k-300k 46 14 2 0.1 19.7
301k-325k 20 14 3 0.1 8.6
326k-350k 24 4 2 0 36
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 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 9 1 0 54
601k-650k 5 4 0.1 7.5
651k-700k 7 2 1 0 21
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 25 9 0.1 8.2
26k-50k 477 467 67 0.2 6.1
51k-75k 815 151 31 0 32.4
76k-100k 306 121 23 0.1 15.2
101k-125k 149 40 13 0 22.4
126k-150k 96 27 7 0 21.3
151k-175k 65 8 1 0 48.8
176k-200k 89 13 1 0 41.1
201k-225k 46 7 0 39.4
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 25 2 0 75
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 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 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