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 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
76k-100k 2 0.3 0
101k-125k 3 0.5 0
126k-150k 2 2 1 0.2 6
151k-175k 3 5 0.3 3.6
176k-200k 10 10 2 0.2 6
201k-225k 8 9 4 0.2 5.3
226k-250k 11 28 1 0.4 2.4
251k-275k 11 21 2 0.3 3.1
276k-300k 26 32 2 0.2 4.9
301k-325k 25 47 9 0.3 3.2
326k-350k 45 46 8 0.2 5.9
351k-375k 25 38 7 0.3 3.9
376k-400k 34 21 4 0.1 9.7
401k-425k 22 27 7 0.2 4.9
426k-450k 25 17 1 0.1 8.8
451k-475k 17 14 1 0.1 7.3
476k-500k 20 19 1 0.2 6.3
501k-550k 17 13 0.1 7.8
551k-600k 15 7 1 0.1 12.9
601k-650k 16 6 2 0.1 16
651k-700k 9 6 1 0.1 9
701k-750k 5 2 0.1 15
751k-800k 6 2 1 0.1 18
801k-850k 4 1 0 24
851k-900k 5 2 0.1 15
901k-950k 1 1 0.2 6
951k-1m 3 1 1 0.1 18
1m-1.1m 3 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 2 1 0.1 12
1.9m-2m 1 0
2m-2.25m 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 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
51k-75k 2 1 0.3 0
76k-100k 5 0
101k-125k 12 9 1 0.1 8
126k-150k 21 8 1 0.1 15.8
151k-175k 26 7 1 0 22.3
176k-200k 27 2 0 81
201k-225k 15 1 0 90
226k-250k 14 3 2 0 28
251k-275k 14 3 0 28
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 0
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 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 2 7 2 0.6 1.7
26k-50k 24 15 3 0.1 9.6
51k-75k 17 10 1 0.1 10.2
76k-100k 14 5 0.1 16.8
101k-125k 6 1 0 36
126k-150k 4 0
151k-175k 6 1 0 36
176k-200k 6 2 0.1 18
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 4 1 0 24
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