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
151k-175k 2 2 1 0.2 6
176k-200k 10 9 1 0.2 6.7
201k-225k 9 12 3 0.2 4.5
226k-250k 13 11 2 0.1 7.1
251k-275k 14 18 3 0.2 4.7
276k-300k 44 32 8 0.1 8.3
301k-325k 35 32 6 0.2 6.6
326k-350k 40 29 5 0.1 8.3
351k-375k 43 21 4 0.1 12.3
376k-400k 49 28 5 0.1 10.5
401k-425k 28 22 4 0.1 7.6
426k-450k 34 16 3 0.1 12.8
451k-475k 25 13 1 0.1 11.5
476k-500k 34 11 2 0.1 18.5
501k-550k 41 21 2 0.1 11.7
551k-600k 31 22 2 0.1 8.5
601k-650k 26 19 6 0.1 8.2
651k-700k 30 16 3 0.1 11.3
701k-750k 26 14 1 0.1 11.1
751k-800k 21 12 0.1 10.5
801k-850k 21 7 1 0.1 18
851k-900k 21 14 2 0.1 9
901k-950k 12 6 0.1 12
951k-1m 17 9 3 0.1 11.3
1m-1.1m 13 11 1 0.1 7.1
1.1m-1.2m 19 8 5 0.1 14.3
1.2m-1.3m 19 6 2 0.1 19
1.3m-1.4m 22 6 0 22
1.4m-1.5m 18 2 1 0 54
1.5m-1.6m 10 4 0.1 15
1.6m-1.7m 6 3 0.1 12
1.7m-1.8m 10 0
1.8m-1.9m 9 4 1 0.1 13.5
1.9m-2m 10 5 2 0.1 12
2m-2.25m 14 5 1 0.1 16.8
2.25m-2.5m 19 3 0 38
2.5m-2.75m 13 2 0 39
2.75m-3m 11 6 2 0.1 11
3m-3.5m 12 2 0 36
3.5m-4m 8 3 1 0.1 16
4m-4.5m 6 1 1 0 36
4.5m-5m 4 1 0 24
5.01m-6m 2 3 0.3 4
6.01m-7m 5 1 0 30
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