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 8 27 7 0.6 1.8
251k-275k 23 58 12 0.4 2.4
276k-300k 79 149 28 0.3 3.2
301k-325k 183 245 35 0.2 4.5
326k-350k 255 283 55 0.2 5.4
351k-375k 236 253 27 0.2 5.6
376k-400k 287 257 43 0.1 6.7
401k-425k 202 155 20 0.1 7.8
426k-450k 196 143 20 0.1 8.2
451k-475k 124 79 14 0.1 9.4
476k-500k 154 82 12 0.1 11.3
501k-550k 211 156 18 0.1 8.1
551k-600k 192 86 8 0.1 13.4
601k-650k 134 75 13 0.1 10.7
651k-700k 128 60 10 0.1 12.8
701k-750k 80 45 5 0.1 10.7
751k-800k 83 26 3 0.1 19.2
801k-850k 56 21 1 0.1 16
851k-900k 48 18 2 0.1 16
901k-950k 41 14 3 0.1 17.6
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 34 10 1 0 20.4
1.5m-1.6m 20 2 0 60
1.6m-1.7m 14 3 0 28
1.7m-1.8m 12 2 0 36
1.8m-1.9m 16 6 1 0.1 16
1.9m-2m 12 2 0 36
2m-2.25m 12 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 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 1 0.3 3
226k-250k 3 0
251k-275k 2 8 0.7 1.5
276k-300k 5 6 1 0.2 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 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 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 62 10 3 0 37.2
251k-275k 49 14 4 0 21
276k-300k 43 14 3 0.1 18.4
301k-325k 21 13 3 0.1 9.7
326k-350k 21 4 2 0 31.5
351k-375k 5 2 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 2 1 0.1 15
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 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 475 462 61 0.2 6.2
51k-75k 813 144 30 0 33.9
76k-100k 301 120 22 0.1 15.1
101k-125k 145 38 13 0 22.9
126k-150k 92 27 7 0 20.4
151k-175k 64 8 1 0 48
176k-200k 90 13 1 0 41.5
201k-225k 44 7 0 37.7
226k-250k 63 7 2 0 54
251k-275k 46 10 3 0 27.6
276k-300k 47 6 2 0 47
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