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

Condos 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
151k-175k 2 2 0.2 6
176k-200k 11 9 1 0.1 7.3
201k-225k 9 12 3 0.2 4.5
226k-250k 12 11 2 0.2 6.5
251k-275k 18 18 2 0.2 6
276k-300k 43 34 9 0.1 7.6
301k-325k 38 29 4 0.1 7.9
326k-350k 41 27 5 0.1 9.1
351k-375k 43 23 5 0.1 11.2
376k-400k 47 29 6 0.1 9.7
401k-425k 29 24 5 0.1 7.3
426k-450k 36 17 2 0.1 12.7
451k-475k 26 13 1 0.1 12
476k-500k 32 11 3 0.1 17.5
501k-550k 42 21 2 0.1 12
551k-600k 31 21 2 0.1 8.9
601k-650k 28 18 6 0.1 9.3
651k-700k 30 17 4 0.1 10.6
701k-750k 24 14 1 0.1 10.3
751k-800k 22 11 0.1 12
801k-850k 21 6 0 21
851k-900k 22 15 3 0.1 8.8
901k-950k 12 7 1 0.1 10.3
951k-1m 16 9 3 0.1 10.7
1m-1.1m 13 12 1 0.2 6.5
1.1m-1.2m 20 8 4 0.1 15
1.2m-1.3m 18 6 3 0.1 18
1.3m-1.4m 22 6 0 22
1.4m-1.5m 18 1 0 108
1.5m-1.6m 9 5 1 0.1 10.8
1.6m-1.7m 6 3 0.1 12
1.7m-1.8m 11 0
1.8m-1.9m 9 4 1 0.1 13.5
1.9m-2m 10 5 2 0.1 12
2m-2.25m 16 6 2 0.1 16
2.25m-2.5m 19 3 0 38
2.5m-2.75m 15 2 0 45
2.75m-3m 11 7 3 0.1 9.4
3m-3.5m 11 2 1 0 33
3.5m-4m 8 3 1 0.1 16
4m-4.5m 6 1 0 36
4.5m-5m 4 1 0 24
5.01m-6m 2 3 0.3 4
6.01m-7m 6 1 0 36
7.01m-8m 3 0
8.01m-9m 5 0
9.01m-10m 2 0
10.01m-11m 3 1 0.1 18
11.01m-12m 1 0
29.01m-30m 1 0