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 1 6 1 1 1
201k-225k 2 11 1 0.9 1.1
226k-250k 7 27 7 0.6 1.6
251k-275k 22 58 12 0.4 2.3
276k-300k 78 151 28 0.3 3.1
301k-325k 184 250 37 0.2 4.4
326k-350k 255 283 58 0.2 5.4
351k-375k 240 253 28 0.2 5.7
376k-400k 287 258 45 0.1 6.7
401k-425k 202 157 20 0.1 7.7
426k-450k 195 142 21 0.1 8.2
451k-475k 122 80 14 0.1 9.2
476k-500k 153 84 12 0.1 10.9
501k-550k 211 156 18 0.1 8.1
551k-600k 193 86 8 0.1 13.5
601k-650k 133 75 13 0.1 10.6
651k-700k 126 60 11 0.1 12.6
701k-750k 78 45 6 0.1 10.4
751k-800k 83 26 4 0.1 19.2
801k-850k 56 21 1 0.1 16
851k-900k 47 18 2 0.1 15.7
901k-950k 42 14 3 0.1 18
951k-1m 64 7 0 54.9
1m-1.1m 36 17 2 0.1 12.7
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 33 10 1 0.1 19.8
1.5m-1.6m 21 2 0 63
1.6m-1.7m 13 3 0 26
1.7m-1.8m 12 2 0 36
1.8m-1.9m 17 6 1 0.1 17
1.9m-2m 11 2 0 33
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 6 1 0.2 6
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 3 0.4 2.4
151k-175k 23 13 5 0.1 10.6
176k-200k 51 18 2 0.1 17
201k-225k 39 12 5 0.1 19.5
226k-250k 64 9 3 0 42.7
251k-275k 49 14 4 0 21
276k-300k 45 13 2 0 20.8
301k-325k 21 13 3 0.1 9.7
326k-350k 22 4 2 0 33
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 3 1 0.1 10
451k-475k 5 1 0 30
476k-500k 6 1 1 0 36
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 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 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 473 462 62 0.2 6.1
51k-75k 811 146 31 0 33.3
76k-100k 300 120 24 0.1 15
101k-125k 146 38 13 0 23.1
126k-150k 93 26 7 0 21.5
151k-175k 65 8 1 0 48.8
176k-200k 89 13 1 0 41.1
201k-225k 44 7 0 37.7
226k-250k 63 7 2 0 54
251k-275k 45 9 2 0 30
276k-300k 49 7 3 0 42
301k-325k 18 8 0.1 13.5
326k-350k 34 4 0 51
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 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
6.01m-7m 1 0
29.01m-30m 1 0