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 21% 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
76k-100k 1 2 0.3 3
101k-125k 1 4 0.7 1.5
126k-150k 2 4 2 0.3 3
151k-175k 1 7 3 1.2 0.9
176k-200k 3 9 2 0.5 2
201k-225k 8 8 3 0.2 6
226k-250k 13 31 2 0.4 2.5
251k-275k 11 25 2 0.4 2.6
276k-300k 19 34 6 0.3 3.4
301k-325k 25 48 7 0.3 3.1
326k-350k 37 50 9 0.2 4.4
351k-375k 23 37 7 0.3 3.7
376k-400k 26 24 7 0.2 6.5
401k-425k 21 26 4 0.2 4.8
426k-450k 22 20 4 0.2 6.6
451k-475k 19 21 3 0.2 5.4
476k-500k 17 19 3 0.2 5.4
501k-550k 20 16 4 0.1 7.5
551k-600k 10 12 1 0.2 5
601k-650k 16 5 2 0.1 19.2
651k-700k 10 4 0.1 15
701k-750k 6 2 0.1 18
751k-800k 5 1 0 30
801k-850k 4 0
851k-900k 2 2 0.2 6
901k-950k 3 1 0.1 18
951k-1m 4 2 0.1 12
1m-1.1m 4 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 2 1 0.1 12
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 1 0
2.75m-3m 4 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-5m 1 0

Townhouses 25% 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 0.2 0
201k-225k 1 0
226k-250k 1 2 0.3 3
251k-275k 3 2 0.1 9
276k-300k 2 0.3 0
351k-375k 1 0

Condos 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
26k-50k 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 2 1 0.1 12
101k-125k 12 11 2 0.2 6.5
126k-150k 16 9 1 0.1 10.7
151k-175k 26 9 1 0.1 17.3
176k-200k 25 4 0 37.5
201k-225k 13 3 1 0 26
226k-250k 12 1 0 72
251k-275k 14 2 0 42
276k-300k 13 4 3 0.1 19.5
301k-325k 6 1 0 36
326k-350k 5 1 0 30
351k-375k 2 0
376k-400k 2 0
401k-425k 1 0
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 1 0
501k-550k 6 0
551k-600k 2 0
751k-800k 1 0
1m-1.1m 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 1 3 0.5 2
26k-50k 24 14 0.1 10.3
51k-75k 13 11 0.1 7.1
76k-100k 17 6 4 0.1 17
101k-125k 4 1 0 24
126k-150k 5 0
151k-175k 4 1 0 24
176k-200k 6 3 1 0.1 12
201k-225k 1 0
226k-250k 2 2 0.2 6
251k-275k 2 2 0.2 6
276k-300k 2 0
301k-325k 1 0
326k-350k 2 1 0.3 0
351k-375k 2 0
376k-400k 3 0
401k-425k 2 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 4 0
601k-650k 1 1 0.2 6
651k-700k 1 1 0.2 6
701k-750k 1 0
751k-800k 3 0
801k-850k 2 0
851k-900k 1 1 0.2 6
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0
3m-3.5m 1 0