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 0.2 0
151k-175k 1 0
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 3 3 1 0.2 6
276k-300k 5 1 0 30
301k-325k 3 6 0.3 3
326k-350k 11 14 5 0.2 4.7
351k-375k 8 16 2 0.3 3
376k-400k 30 27 6 0.2 6.7
401k-425k 18 33 4 0.3 3.3
426k-450k 44 56 9 0.2 4.7
451k-475k 38 58 6 0.3 3.9
476k-500k 66 74 7 0.2 5.4
501k-550k 138 129 17 0.2 6.4
551k-600k 162 123 14 0.1 7.9
601k-650k 155 109 18 0.1 8.5
651k-700k 169 105 16 0.1 9.7
701k-750k 114 111 10 0.2 6.2
751k-800k 136 79 13 0.1 10.3
801k-850k 122 68 5 0.1 10.8
851k-900k 108 57 7 0.1 11.4
901k-950k 68 38 7 0.1 10.7
951k-1m 104 43 6 0.1 14.5
1m-1.1m 95 52 9 0.1 11
1.1m-1.2m 118 59 14 0.1 12
1.2m-1.3m 93 43 9 0.1 13
1.3m-1.4m 67 35 7 0.1 11.5
1.4m-1.5m 60 33 7 0.1 10.9
1.5m-1.6m 44 27 7 0.1 9.8
1.6m-1.7m 53 22 4 0.1 14.5
1.7m-1.8m 49 23 7 0.1 12.8
1.8m-1.9m 34 22 3 0.1 9.3
1.9m-2m 38 20 3 0.1 11.4
2m-2.25m 49 28 5 0.1 10.5
2.25m-2.5m 66 21 4 0.1 18.9
2.5m-2.75m 40 20 2 0.1 12
2.75m-3m 66 18 2 0 22
3m-3.5m 77 26 9 0.1 17.8
3.5m-4m 63 26 7 0.1 14.5
4m-4.5m 40 12 4 0.1 20
4.5m-5m 41 15 1 0.1 16.4
5.01m-6m 73 17 0 25.8
6.01m-7m 48 14 6 0 20.6
7.01m-8m 46 9 2 0 30.7
8.01m-9m 31 9 2 0 20.7
9.01m-10m 26 9 3 0.1 17.3
10.01m-11m 16 3 2 0 32
11.01m-12m 17 4 0 25.5
12.01m-13m 19 1 0 114
13.01m-14m 18 1 0 108
14.01m-15m 12 0
15.01m-16m 9 0
16.01m-17m 6 2 0.1 18
17.01m-18m 3 1 0.1 18
18.01m-19m 4 0
19.01m-20m 8 0
20.01m-21m 3 0
21.01m-22m 3 1 1 0.1 18
23.01m-24m 4 0
25.01m-26m 4 0
26.01m-27m 2 0
27.01m-28m 3 0
28.01m-29m 1 0
29.01m-30m 1 1 0.2 6
32.01m-33m 1 0
34.01m-35m 3 0
35.01m-36m 1 0
38.01m-39m 1 0
43.01m-44m 1 0
44.01m-45m 1 1 0.2 6
49.01m-50m 1 0
59.01m-60m 2 0
76.01m-77m 1 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0

Townhouses 13% 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
201k-225k 1 0
251k-275k 1 0.2 0
276k-300k 4 3 0.1 8
301k-325k 1 0
326k-350k 2 4 0.3 3
351k-375k 11 9 0.1 7.3
376k-400k 8 5 2 0.1 9.6
401k-425k 13 5 0.1 15.6
426k-450k 14 11 4 0.1 7.6
451k-475k 13 8 2 0.1 9.8
476k-500k 16 15 4 0.2 6.4
501k-550k 10 11 0.2 5.5
551k-600k 10 5 0.1 12
601k-650k 3 1 0.1 18
651k-700k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.75m-3m 1 0
7.01m-8m 1 0

Condos 10% 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 0.2 0
101k-125k 7 1 1.2 0
126k-150k 11 3 0 22
151k-175k 16 9 2 0.1 10.7
176k-200k 31 35 5 0.2 5.3
201k-225k 37 43 5 0.2 5.2
226k-250k 62 44 7 0.1 8.5
251k-275k 83 73 12 0.1 6.8
276k-300k 153 77 11 0.1 11.9
301k-325k 94 67 10 0.1 8.4
326k-350k 162 72 11 0.1 13.5
351k-375k 137 49 4 0.1 16.8
376k-400k 139 63 9 0.1 13.2
401k-425k 107 45 5 0.1 14.3
426k-450k 103 37 6 0.1 16.7
451k-475k 75 34 5 0.1 13.2
476k-500k 91 29 7 0.1 18.8
501k-550k 144 46 12 0.1 18.8
551k-600k 111 55 15 0.1 12.1
601k-650k 87 33 6 0.1 15.8
651k-700k 74 30 6 0.1 14.8
701k-750k 54 26 4 0.1 12.5
751k-800k 64 22 4 0.1 17.5
801k-850k 50 14 2 0 21.4
851k-900k 63 19 1 0.1 19.9
901k-950k 40 21 3 0.1 11.4
951k-1m 46 11 3 0 25.1
1m-1.1m 52 17 2 0.1 18.4
1.1m-1.2m 49 21 4 0.1 14
1.2m-1.3m 55 21 6 0.1 15.7
1.3m-1.4m 45 9 3 0 30
1.4m-1.5m 37 7 1 0 31.7
1.5m-1.6m 23 9 1 0.1 15.3
1.6m-1.7m 30 6 1 0 30
1.7m-1.8m 35 7 3 0 30
1.8m-1.9m 23 7 2 0.1 19.7
1.9m-2m 28 13 2 0.1 12.9
2m-2.25m 42 10 2 0 25.2
2.25m-2.5m 58 9 3 0 38.7
2.5m-2.75m 45 11 3 0 24.5
2.75m-3m 37 8 3 0 27.8
3m-3.5m 40 7 1 0 34.3
3.5m-4m 28 11 2 0.1 15.3
4m-4.5m 20 4 0 30
4.5m-5m 14 4 1 0 21
5.01m-6m 13 5 1 0.1 15.6
6.01m-7m 18 9 1 0.1 12
7.01m-8m 11 1 0 66
8.01m-9m 6 1 1 0 36
9.01m-10m 5 0
10.01m-11m 4 2 0.1 12
11.01m-12m 2 0
12.01m-13m 3 0
14.01m-15m 2 0
15.01m-16m 2 0
16.01m-17m 1 0
19.01m-20m 1 0
27.01m-28m 1 0
29.01m-30m 2 0
44.01m-45m 1 0

Land 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
1k-25k 5 6 1 0.2 5
26k-50k 23 16 2 0.1 8.6
51k-75k 58 18 2 0.1 19.3
76k-100k 60 20 3 0.1 18
101k-125k 51 24 1 0.1 12.8
126k-150k 58 31 6 0.1 11.2
151k-175k 28 10 1 0.1 16.8
176k-200k 47 7 2 0 40.3
201k-225k 33 8 2 0 24.8
226k-250k 36 8 2 0 27
251k-275k 16 2 1 0 48
276k-300k 36 4 1 0 54
301k-325k 12 3 0 24
326k-350k 21 6 2 0 21
351k-375k 7 4 1 0.1 10.5
376k-400k 16 6 0.1 16
401k-425k 2 5 0.4 2.4
426k-450k 12 1 0 72
451k-475k 5 1 0 30
476k-500k 21 4 1 0 31.5
501k-550k 10 3 1 0.1 20
551k-600k 10 1 0 60
601k-650k 4 2 0.1 12
651k-700k 11 2 1 0 33
701k-750k 8 0
751k-800k 17 3 1 0 34
801k-850k 2 2 0.2 6
851k-900k 5 0
901k-950k 6 0
951k-1m 8 1 0 48
1m-1.1m 3 1 1 0.1 18
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 8 2 1 0 24
1.3m-1.4m 2 0
1.4m-1.5m 6 0
1.5m-1.6m 8 1 0 48
1.6m-1.7m 3 0
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 5 1 0 30
2m-2.25m 7 1 0 42
2.25m-2.5m 5 0
2.5m-2.75m 7 0
2.75m-3m 10 2 0 30
3m-3.5m 13 0
3.5m-4m 6 3 0.1 12
4m-4.5m 4 0
4.5m-5m 10 1 0 60
5.01m-6m 6 0
6.01m-7m 4 0
7.01m-8m 7 1 1 0 42
8.01m-9m 1 0
9.01m-10m 2 0
10.01m-11m 1 0.2 0
11.01m-12m 1 0
12.01m-13m 1 0
17.01m-18m 1 0
19.01m-20m 2 0
24.01m-25m 1 0
31.01m-32m 1 0.2 0
39.01m-40m 1 0
62.01m-63m 1 0