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 19% 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 2 0.3 0
101k-125k 3 0.5 0
126k-150k 1 3 1 0.5 2
151k-175k 4 5 0.2 4.8
176k-200k 10 11 2 0.2 5.5
201k-225k 9 7 2 0.1 7.7
226k-250k 11 31 2 0.5 2.1
251k-275k 11 20 2 0.3 3.3
276k-300k 24 34 4 0.2 4.2
301k-325k 23 49 12 0.4 2.8
326k-350k 46 47 9 0.2 5.9
351k-375k 24 39 7 0.3 3.7
376k-400k 34 21 3 0.1 9.7
401k-425k 21 29 9 0.2 4.3
426k-450k 25 19 1 0.1 7.9
451k-475k 19 13 0.1 8.8
476k-500k 20 19 1 0.2 6.3
501k-550k 17 14 2 0.1 7.3
551k-600k 15 8 1 0.1 11.3
601k-650k 16 6 2 0.1 16
651k-700k 9 6 2 0.1 9
701k-750k 6 2 0.1 18
751k-800k 4 2 1 0.1 12
801k-850k 5 1 0 30
851k-900k 5 2 0.1 15
901k-950k 1 1 0.2 6
951k-1m 3 2 1 0.1 9
1m-1.1m 4 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 2 1 0.3 3
1.3m-1.4m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 1 1 0.2 6
2.75m-3m 3 0
3m-3.5m 1 0
3.5m-4m 1 0

Townhouses 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
126k-150k 1 0.2 0
151k-175k 1 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 4 2 0.1 12
276k-300k 2 1 0.1 12

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
51k-75k 2 1 0.3 0
76k-100k 4 1 0 24
101k-125k 10 10 2 0.2 6
126k-150k 23 7 1 0.1 19.7
151k-175k 26 7 1 0 22.3
176k-200k 25 5 0 30
201k-225k 16 1 0 96
226k-250k 13 3 2 0 26
251k-275k 15 3 0 30
276k-300k 13 1 0 78
301k-325k 4 2 0.1 12
326k-350k 4 2 1 0.1 12
351k-375k 2 0
376k-400k 3 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 2 4 2 0.3 3
26k-50k 26 16 4 0.1 9.8
51k-75k 16 11 2 0.1 8.7
76k-100k 14 5 1 0.1 16.8
101k-125k 6 1 0 36
126k-150k 4 0
151k-175k 7 1 0 42
176k-200k 5 2 0.1 15
201k-225k 1 0
226k-250k 3 1 0.1 18
251k-275k 2 3 0.3 4
276k-300k 2 0
301k-325k 1 0
326k-350k 2 0.3 0
351k-375k 2 0
376k-400k 3 0
401k-425k 2 0
426k-450k 1 0
476k-500k 2 1 1 0.1 12
501k-550k 1 1 0.2 6
551k-600k 2 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 2 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
3m-3.5m 1 0