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 16% 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
101k-125k 7 1.2 0
126k-150k 3 12 1 0.7 1.5
151k-175k 9 12 2 0.2 4.5
176k-200k 10 23 4 0.4 2.6
201k-225k 8 20 3 0.4 2.4
226k-250k 23 33 4 0.2 4.2
251k-275k 20 29 6 0.2 4.1
276k-300k 43 48 11 0.2 5.4
301k-325k 48 55 9 0.2 5.2
326k-350k 67 79 13 0.2 5.1
351k-375k 83 79 16 0.2 6.3
376k-400k 129 89 11 0.1 8.7
401k-425k 73 80 13 0.2 5.5
426k-450k 105 73 11 0.1 8.6
451k-475k 74 44 5 0.1 10.1
476k-500k 102 63 12 0.1 9.7
501k-550k 129 95 11 0.1 8.1
551k-600k 134 86 14 0.1 9.3
601k-650k 96 75 11 0.1 7.7
651k-700k 85 43 9 0.1 11.9
701k-750k 54 29 5 0.1 11.2
751k-800k 51 34 5 0.1 9
801k-850k 32 23 3 0.1 8.3
851k-900k 37 14 6 0.1 15.9
901k-950k 22 16 1 0.1 8.3
951k-1m 27 13 5 0.1 12.5
1m-1.1m 20 11 2 0.1 10.9
1.1m-1.2m 20 18 4 0.2 6.7
1.2m-1.3m 15 17 8 0.2 5.3
1.3m-1.4m 16 7 1 0.1 13.7
1.4m-1.5m 18 14 4 0.1 7.7
1.5m-1.6m 12 8 2 0.1 9
1.6m-1.7m 13 5 0.1 15.6
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 9 2 0 27
1.9m-2m 7 1 0 42
2m-2.25m 8 4 2 0.1 12
2.25m-2.5m 11 4 1 0.1 16.5
2.5m-2.75m 10 2 1 0 30
2.75m-3m 11 1 0 66
3m-3.5m 9 3 0.1 18
3.5m-4m 9 1 0 54
4m-4.5m 6 3 2 0.1 12
4.5m-5m 5 1 0 30
5.01m-6m 4 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
15.01m-16m 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
76k-100k 1 1 0.2 0
101k-125k 1 0
126k-150k 3 5 0.3 3.6
151k-175k 10 4 1 0.1 15
176k-200k 10 6 1 0.1 10
201k-225k 26 13 0.1 12
226k-250k 27 16 1 0.1 10.1
251k-275k 24 18 3 0.1 8
276k-300k 31 20 3 0.1 9.3
301k-325k 25 10 1 0.1 15
326k-350k 30 15 4 0.1 12
351k-375k 18 8 0.1 13.5
376k-400k 13 2 1 0 39
401k-425k 2 1 0.1 12
426k-450k 2 0
451k-475k 2 0
476k-500k 3 0
501k-550k 3 0
551k-600k 1 0.2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 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
51k-75k 2 2 0.2 6
76k-100k 10 8 3 0.1 7.5
101k-125k 26 26 1 0.2 6
126k-150k 60 35 6 0.1 10.3
151k-175k 70 46 6 0.1 9.1
176k-200k 121 54 9 0.1 13.4
201k-225k 108 60 8 0.1 10.8
226k-250k 149 46 6 0.1 19.4
251k-275k 101 44 5 0.1 13.8
276k-300k 175 52 13 0 20.2
301k-325k 118 45 6 0.1 15.7
326k-350k 140 35 6 0 24
351k-375k 69 16 2 0 25.9
376k-400k 95 24 5 0 23.8
401k-425k 41 15 3 0.1 16.4
426k-450k 55 22 6 0.1 15
451k-475k 28 23 6 0.1 7.3
476k-500k 25 8 1 0.1 18.8
501k-550k 39 18 3 0.1 13
551k-600k 19 5 1 0 22.8
601k-650k 10 2 1 0 30
651k-700k 13 3 0 26
701k-750k 13 3 1 0 26
751k-800k 6 1 0 36
801k-850k 8 4 0.1 12
851k-900k 12 2 1 0 36
901k-950k 3 0
951k-1m 4 1 0 24
1m-1.1m 5 0
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 6 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0

Land 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 17 32 5 0.3 3.2
26k-50k 59 63 11 0.2 5.6
51k-75k 75 30 4 0.1 15
76k-100k 58 8 4 0 43.5
101k-125k 16 7 0.1 13.7
126k-150k 25 5 0 30
151k-175k 27 8 0 20.3
176k-200k 31 6 0 31
201k-225k 17 1 0 102
226k-250k 19 4 2 0 28.5
251k-275k 16 3 0 32
276k-300k 12 1 0 72
301k-325k 5 2 1 0.1 15
326k-350k 3 1 1 0.1 18
351k-375k 2 1 0.1 12
376k-400k 3 0
426k-450k 3 0
451k-475k 3 0
476k-500k 10 2 0 30
501k-550k 4 2 0.1 12
551k-600k 8 1 0 48
601k-650k 2 2 0.2 6
651k-700k 4 0
701k-750k 2 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 2 0.2 6
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 6 1 0 36
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 0
2.75m-3m 4 0
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 2 0
6.01m-7m 2 0
11.01m-12m 1 0