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 1 0.2 0
176k-200k 2 6 1 0.5 2
201k-225k 2 12 2 1 1
226k-250k 7 28 8 0.7 1.5
251k-275k 23 61 15 0.4 2.3
276k-300k 81 145 25 0.3 3.4
301k-325k 186 243 37 0.2 4.6
326k-350k 254 283 57 0.2 5.4
351k-375k 239 252 28 0.2 5.7
376k-400k 286 256 47 0.1 6.7
401k-425k 205 150 21 0.1 8.2
426k-450k 196 140 19 0.1 8.4
451k-475k 125 75 13 0.1 10
476k-500k 151 85 15 0.1 10.7
501k-550k 213 152 16 0.1 8.4
551k-600k 191 88 11 0.1 13
601k-650k 134 75 13 0.1 10.7
651k-700k 130 63 11 0.1 12.4
701k-750k 80 46 6 0.1 10.4
751k-800k 84 25 4 0 20.2
801k-850k 57 21 1 0.1 16.3
851k-900k 49 19 3 0.1 15.5
901k-950k 42 14 3 0.1 18
951k-1m 64 7 0 54.9
1m-1.1m 37 17 2 0.1 13.1
1.1m-1.2m 42 8 0 31.5
1.2m-1.3m 43 10 5 0 25.8
1.3m-1.4m 30 4 1 0 45
1.4m-1.5m 35 10 1 0 21
1.5m-1.6m 19 2 0 57
1.6m-1.7m 17 3 0 34
1.7m-1.8m 11 2 0 33
1.8m-1.9m 16 7 1 0.1 13.7
1.9m-2m 12 2 0 36
2m-2.25m 12 1 0 72
2.25m-2.5m 18 2 0 54
2.5m-2.75m 4 1 0 24
2.75m-3m 9 1 0 54
3m-3.5m 6 1 0 36
3.5m-4m 6 2 0.1 18
4m-4.5m 4 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 0.3 3
226k-250k 3 0
251k-275k 3 8 0.4 2.3
276k-300k 5 6 1 0.2 5
301k-325k 4 1 0 24
326k-350k 4 0
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 2 1 0.3 0
101k-125k 2 0.3 0
126k-150k 6 15 3 0.4 2.4
151k-175k 22 13 5 0.1 10.2
176k-200k 51 19 3 0.1 16.1
201k-225k 40 12 5 0.1 20
226k-250k 62 10 3 0 37.2
251k-275k 47 14 3 0 20.1
276k-300k 43 15 4 0.1 17.2
301k-325k 21 11 1 0.1 11.5
326k-350k 20 5 2 0 24
351k-375k 5 2 0.1 15
376k-400k 7 3 2 0.1 14
401k-425k 4 2 0.1 12
426k-450k 5 3 1 0.1 10
451k-475k 4 2 1 0.1 12
476k-500k 7 1 1 0 42
501k-550k 4 2 1 0.1 12
551k-600k 8 2 1 0 24
601k-650k 6 4 0.1 9
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
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 3 0
1.7m-1.8m 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 478 464 67 0.2 6.2
51k-75k 810 145 31 0 33.5
76k-100k 302 122 26 0.1 14.9
101k-125k 147 35 9 0 25.2
126k-150k 91 29 9 0.1 18.8
151k-175k 63 8 1 0 47.3
176k-200k 90 13 1 0 41.5
201k-225k 46 7 0 39.4
226k-250k 61 6 2 0 61
251k-275k 46 9 1 0 30.7
276k-300k 47 6 2 0 47
301k-325k 18 8 0.1 13.5
326k-350k 35 4 0 52.5
351k-375k 20 1 0 120
376k-400k 27 2 0 81
401k-425k 5 0
426k-450k 16 2 0 48
451k-475k 5 1 0 30
476k-500k 22 2 0 66
501k-550k 20 0
551k-600k 16 2 2 0 48
601k-650k 7 4 3 0.1 10.5
651k-700k 17 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
6.01m-7m 1 0
29.01m-30m 1 0