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 2 0.2 6
101k-125k 1 4 0.7 1.5
126k-150k 2 4 3 0.3 3
151k-175k 2 7 3 0.6 1.7
176k-200k 5 10 1 0.3 3
201k-225k 9 8 3 0.1 6.8
226k-250k 13 32 3 0.4 2.4
251k-275k 13 26 3 0.3 3
276k-300k 22 35 4 0.3 3.8
301k-325k 24 47 6 0.3 3.1
326k-350k 39 45 9 0.2 5.2
351k-375k 26 37 3 0.2 4.2
376k-400k 27 24 5 0.1 6.8
401k-425k 21 28 4 0.2 4.5
426k-450k 21 20 3 0.2 6.3
451k-475k 20 17 1 0.1 7.1
476k-500k 20 22 4 0.2 5.5
501k-550k 20 15 3 0.1 8
551k-600k 12 10 0.1 7.2
601k-650k 18 5 2 0 21.6
651k-700k 9 5 1 0.1 10.8
701k-750k 6 2 0.1 18
751k-800k 5 1 0 30
801k-850k 3 1 1 0.1 18
851k-900k 2 2 0.2 6
901k-950k 3 1 0.1 18
951k-1m 4 1 0 24
1m-1.1m 5 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 2 1 0.3 3
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

Townhouses 11% 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 1 0.2 6
251k-275k 4 3 0.1 8
276k-300k 1 1 0.2 6
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
26k-50k 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 1 1 0.2 6
101k-125k 14 8 1 0.1 10.5
126k-150k 18 8 1 0.1 13.5
151k-175k 24 9 2 0.1 16
176k-200k 24 5 1 0 28.8
201k-225k 17 2 0 51
226k-250k 12 1 0 72
251k-275k 14 2 0 42
276k-300k 15 3 1 0 30
301k-325k 4 2 1 0.1 12
326k-350k 6 1 0 36
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 5% 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 26 14 0.1 11.1
51k-75k 17 10 0.1 10.2
76k-100k 18 6 3 0.1 18
101k-125k 5 1 0 30
126k-150k 5 0
151k-175k 4 1 1 0 24
176k-200k 6 2 0.1 18
201k-225k 1 0
226k-250k 3 2 0.1 9
251k-275k 1 3 1 0.5 2
276k-300k 3 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 1 0.2 6
551k-600k 3 1 1 0.1 18
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