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 17% 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
26k-50k 1 0
51k-75k 1 1 0.2 0
101k-125k 1 4 2 0.7 1.5
126k-150k 2 2 2 0.2 6
151k-175k 4 14 3 0.6 1.7
176k-200k 5 11 1 0.4 2.7
201k-225k 9 22 4 0.4 2.5
226k-250k 19 40 7 0.4 2.9
251k-275k 46 45 6 0.2 6.1
276k-300k 133 113 22 0.1 7.1
301k-325k 156 205 34 0.2 4.6
326k-350k 242 241 34 0.2 6
351k-375k 212 207 25 0.2 6.1
376k-400k 215 151 16 0.1 8.5
401k-425k 76 43 7 0.1 10.6
426k-450k 65 37 7 0.1 10.5
451k-475k 22 13 3 0.1 10.2
476k-500k 17 10 1 0.1 10.2
501k-550k 16 8 2 0.1 12
551k-600k 9 3 2 0.1 18
601k-650k 1 0.2 0
651k-700k 2 1 1 0.1 12
701k-750k 1 1 0.2 6
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 1 1 1 0.2 6
901k-950k 1 0
1.7m-1.8m 1 0

Townhouses 18% 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
126k-150k 1 0
251k-275k 3 1 0.1 18
276k-300k 5 3 2 0.1 10
301k-325k 1 1 0.2 6
326k-350k 3 0
351k-375k 1 0

Condos 6% 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 6
101k-125k 2 6 1 0.5 2
126k-150k 12 13 0.2 5.5
151k-175k 3 6 1 0.3 3
176k-200k 10 0
201k-225k 4 3 0.1 8
226k-250k 7 2 1 0 21
251k-275k 6 0
276k-300k 2 0
326k-350k 2 1 0.1 12

Land 12% 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 750 1134 158 0.3 4
26k-50k 1380 784 122 0.1 10.6
51k-75k 199 103 19 0.1 11.6
76k-100k 88 6 0 88
101k-125k 9 2 0 27
126k-150k 9 1 0 54
151k-175k 2 0
176k-200k 5 0
226k-250k 4 0
251k-275k 2 0.3 0
276k-300k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 3 0
401k-425k 2 0
476k-500k 3 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
901k-950k 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 0
3.5m-4m 1 0