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 4% 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 4 0.7 1.5
101k-125k 2 5 3 0.4 2.4
126k-150k 6 8 1 0.2 4.5
151k-175k 5 9 1 0.3 3.3
176k-200k 11 9 3 0.1 7.3
201k-225k 7 15 1 0.4 2.8
226k-250k 23 19 5 0.1 7.3
251k-275k 23 25 6 0.2 5.5
276k-300k 66 67 9 0.2 5.9
301k-325k 62 70 15 0.2 5.3
326k-350k 100 74 8 0.1 8.1
351k-375k 86 64 9 0.1 8.1
376k-400k 100 64 11 0.1 9.4
401k-425k 56 46 7 0.1 7.3
426k-450k 78 31 3 0.1 15.1
451k-475k 39 30 3 0.1 7.8
476k-500k 57 28 1 0.1 12.2
501k-550k 62 51 12 0.1 7.3
551k-600k 78 31 7 0.1 15.1
601k-650k 54 31 3 0.1 10.5
651k-700k 54 25 5 0.1 13
701k-750k 35 13 0.1 16.2
751k-800k 39 13 2 0.1 18
801k-850k 19 12 2 0.1 9.5
851k-900k 31 6 1 0 31
901k-950k 20 10 1 0.1 12
951k-1m 19 7 3 0.1 16.3
1m-1.1m 21 7 1 0.1 18
1.1m-1.2m 20 5 1 0 24
1.2m-1.3m 14 6 1 0.1 14
1.3m-1.4m 7 4 0.1 10.5
1.4m-1.5m 7 5 2 0.1 8.4
1.5m-1.6m 7 3 1 0.1 14
1.6m-1.7m 13 3 1 0 26
1.7m-1.8m 7 2 0 21
1.8m-1.9m 2 1 0.1 12
1.9m-2m 8 2 0 24
2m-2.25m 4 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 1 0

Townhouses 4% 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 4 0
226k-250k 2 1 0.1 12
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 5 2 0.1 15
351k-375k 2 3 0.3 4
376k-400k 2 2 0.2 6
426k-450k 1 0
451k-475k 1 1 0.2 6
476k-500k 2 0
501k-550k 2 0
601k-650k 1 0
651k-700k 1 0

Condos 2% 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 3 0.5 2
101k-125k 5 7 4 0.2 4.3
126k-150k 20 7 1 0.1 17.1
151k-175k 41 16 3 0.1 15.4
176k-200k 41 10 0 24.6
201k-225k 24 9 2 0.1 16
226k-250k 29 8 1 0 21.8
251k-275k 47 19 3 0.1 14.8
276k-300k 59 15 0 23.6
301k-325k 27 11 0.1 14.7
326k-350k 44 9 4 0 29.3
351k-375k 23 11 4 0.1 12.5
376k-400k 37 5 0 44.4
401k-425k 18 9 0.1 12
426k-450k 24 3 1 0 48
451k-475k 12 3 0 24
476k-500k 15 0
501k-550k 26 4 1 0 39
551k-600k 14 2 0 42
601k-650k 10 1 0 60
651k-700k 14 0
701k-750k 9 1 0 54
751k-800k 7 1 0 42
801k-850k 3 0
851k-900k 3 0
951k-1m 1 0
1.1m-1.2m 3 0

Land 1% 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 443 142 21 0.1 18.7
26k-50k 360 76 9 0 28.4
51k-75k 141 30 1 0 28.2
76k-100k 89 19 2 0 28.1
101k-125k 45 8 0 33.8
126k-150k 32 7 1 0 27.4
151k-175k 19 11 2 0.1 10.4
176k-200k 29 2 0 87
201k-225k 12 6 1 0.1 12
226k-250k 14 1 0 84
251k-275k 13 4 2 0.1 19.5
276k-300k 18 7 1 0.1 15.4
301k-325k 9 2 1 0 27
326k-350k 17 3 0 34
351k-375k 8 1 0 48
376k-400k 15 1 0 90
401k-425k 5 1 0 30
426k-450k 7 4 2 0.1 10.5
451k-475k 6 1 0 36
476k-500k 9 0
501k-550k 6 0
551k-600k 6 1 1 0 36
601k-650k 5 0
651k-700k 3 0
701k-750k 4 0
751k-800k 11 0
851k-900k 3 1 1 0.1 18
951k-1m 7 0
1m-1.1m 5 1 0 30
1.1m-1.2m 5 0
1.2m-1.3m 1 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0
15.01m-16m 1 0