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
76k-100k 1 0
226k-250k 1 1 1 0.2 6
251k-275k 2 2 0.2 6
276k-300k 5 2 0.1 15
301k-325k 2 6 1 0.5 2
326k-350k 9 17 3 0.3 3.2
351k-375k 9 17 4 0.3 3.2
376k-400k 20 31 6 0.3 3.9
401k-425k 17 40 4 0.4 2.6
426k-450k 36 50 9 0.2 4.3
451k-475k 34 54 12 0.3 3.8
476k-500k 63 93 20 0.2 4.1
501k-550k 122 152 23 0.2 4.8
551k-600k 146 136 17 0.2 6.4
601k-650k 132 107 16 0.1 7.4
651k-700k 164 109 28 0.1 9
701k-750k 105 105 25 0.2 6
751k-800k 134 76 21 0.1 10.6
801k-850k 103 67 10 0.1 9.2
851k-900k 91 65 13 0.1 8.4
901k-950k 64 36 7 0.1 10.7
951k-1m 84 48 7 0.1 10.5
1m-1.1m 87 59 9 0.1 8.8
1.1m-1.2m 112 60 10 0.1 11.2
1.2m-1.3m 74 38 14 0.1 11.7
1.3m-1.4m 60 29 8 0.1 12.4
1.4m-1.5m 64 26 7 0.1 14.8
1.5m-1.6m 46 28 7 0.1 9.9
1.6m-1.7m 37 17 7 0.1 13.1
1.7m-1.8m 43 23 6 0.1 11.2
1.8m-1.9m 38 22 6 0.1 10.4
1.9m-2m 40 22 4 0.1 10.9
2m-2.25m 41 27 8 0.1 9.1
2.25m-2.5m 59 19 6 0.1 18.6
2.5m-2.75m 30 24 6 0.1 7.5
2.75m-3m 56 16 7 0 21
3m-3.5m 66 21 7 0.1 18.9
3.5m-4m 51 19 8 0.1 16.1
4m-4.5m 33 13 3 0.1 15.2
4.5m-5m 33 12 2 0.1 16.5
5.01m-6m 62 19 7 0.1 19.6
6.01m-7m 46 8 3 0 34.5
7.01m-8m 40 8 2 0 30
8.01m-9m 24 8 3 0.1 18
9.01m-10m 29 6 3 0 29
10.01m-11m 13 4 1 0.1 19.5
11.01m-12m 18 5 1 0 21.6
12.01m-13m 16 1 0 96
13.01m-14m 10 2 1 0 30
14.01m-15m 13 1 1 0 78
15.01m-16m 9 0
16.01m-17m 5 2 0.1 15
17.01m-18m 3 0
18.01m-19m 3 0
19.01m-20m 6 0
20.01m-21m 3 0
21.01m-22m 5 0
22.01m-23m 1 0
23.01m-24m 3 0
25.01m-26m 4 0
27.01m-28m 2 0
28.01m-29m 1 0
29.01m-30m 1 1 0.2 6
32.01m-33m 1 0
34.01m-35m 4 0
43.01m-44m 1 0
44.01m-45m 1 1 0.2 6
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0

Townhouses 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
201k-225k 1 0
276k-300k 3 4 1 0.2 4.5
301k-325k 1 0.2 0
326k-350k 1 5 0.8 1.2
351k-375k 6 9 1 0.3 4
376k-400k 7 6 2 0.1 7
401k-425k 9 6 1 0.1 9
426k-450k 12 9 1 0.1 8
451k-475k 16 7 0.1 13.7
476k-500k 17 12 4 0.1 8.5
501k-550k 17 11 4 0.1 9.3
551k-600k 10 5 2 0.1 12
601k-650k 2 2 1 0.2 6
651k-700k 1 1 0.2 6
701k-750k 3 0
751k-800k 1 1 1 0.2 6
1m-1.1m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0

Condos 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
76k-100k 1 0.2 0
101k-125k 1 6 2 1 1
126k-150k 8 5 2 0.1 9.6
151k-175k 17 8 0.1 12.8
176k-200k 26 33 5 0.2 4.7
201k-225k 36 42 3 0.2 5.1
226k-250k 55 42 11 0.1 7.9
251k-275k 72 61 8 0.1 7.1
276k-300k 134 88 18 0.1 9.1
301k-325k 84 74 13 0.1 6.8
326k-350k 145 79 20 0.1 11
351k-375k 108 57 13 0.1 11.4
376k-400k 114 58 13 0.1 11.8
401k-425k 91 56 12 0.1 9.8
426k-450k 89 42 11 0.1 12.7
451k-475k 53 35 9 0.1 9.1
476k-500k 93 34 7 0.1 16.4
501k-550k 127 37 8 0 20.6
551k-600k 98 49 11 0.1 12
601k-650k 75 38 15 0.1 11.8
651k-700k 69 28 9 0.1 14.8
701k-750k 45 25 2 0.1 10.8
751k-800k 57 18 3 0.1 19
801k-850k 42 12 2 0 21
851k-900k 56 25 4 0.1 13.4
901k-950k 28 22 5 0.1 7.6
951k-1m 44 11 2 0 24
1m-1.1m 36 19 3 0.1 11.4
1.1m-1.2m 46 19 5 0.1 14.5
1.2m-1.3m 38 22 7 0.1 10.4
1.3m-1.4m 43 8 2 0 32.3
1.4m-1.5m 33 6 1 0 33
1.5m-1.6m 22 10 1 0.1 13.2
1.6m-1.7m 20 8 1 0.1 15
1.7m-1.8m 29 3 2 0 58
1.8m-1.9m 25 8 1 0.1 18.8
1.9m-2m 24 10 1 0.1 14.4
2m-2.25m 32 10 5 0.1 19.2
2.25m-2.5m 49 8 3 0 36.8
2.5m-2.75m 35 6 1 0 35
2.75m-3m 25 7 4 0 21.4
3m-3.5m 37 7 2 0 31.7
3.5m-4m 26 10 0.1 15.6
4m-4.5m 13 2 0 39
4.5m-5m 13 4 2 0.1 19.5
5.01m-6m 13 8 1 0.1 9.8
6.01m-7m 16 7 4 0.1 13.7
7.01m-8m 9 1 1 0 54
8.01m-9m 5 0
9.01m-10m 4 1 0 24
10.01m-11m 4 1 1 0 24
11.01m-12m 1 1 1 0.2 6
12.01m-13m 2 0
14.01m-15m 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 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 9 6 1 0.1 9
26k-50k 27 15 2 0.1 10.8
51k-75k 61 24 3 0.1 15.3
76k-100k 61 23 6 0.1 15.9
101k-125k 49 24 6 0.1 12.3
126k-150k 68 33 6 0.1 12.4
151k-175k 28 16 3 0.1 10.5
176k-200k 45 10 3 0 27
201k-225k 22 6 2 0 22
226k-250k 39 6 0 39
251k-275k 16 1 0 96
276k-300k 40 6 2 0 40
301k-325k 15 3 0 30
326k-350k 17 4 0 25.5
351k-375k 6 4 3 0.1 9
376k-400k 17 4 1 0 25.5
401k-425k 2 4 2 0.3 3
426k-450k 13 3 1 0 26
451k-475k 7 4 0.1 10.5
476k-500k 20 3 0 40
501k-550k 10 5 2 0.1 12
551k-600k 10 1 0 60
601k-650k 3 2 0.1 9
651k-700k 9 1 1 0 54
701k-750k 9 0
751k-800k 18 0
801k-850k 4 2 2 0.1 12
851k-900k 3 0
901k-950k 7 0
951k-1m 5 0
1m-1.1m 9 1 1 0 54
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 6 3 2 0.1 12
1.3m-1.4m 3 0
1.4m-1.5m 6 0
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 3 0
1.8m-1.9m 3 0
1.9m-2m 4 1 1 0 24
2m-2.25m 4 1 0 24
2.25m-2.5m 7 0
2.5m-2.75m 7 1 0 42
2.75m-3m 11 0
3m-3.5m 13 1 0 78
3.5m-4m 8 2 2 0 24
4m-4.5m 3 0
4.5m-5m 10 3 1 0.1 20
5.01m-6m 5 0
6.01m-7m 4 0
7.01m-8m 8 0
8.01m-9m 1 0
9.01m-10m 2 0
10.01m-11m 1 1 0.2 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
62.01m-63m 1 0