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 30% 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
251k-275k 1 0.2 0
276k-300k 7 3 1.2 0
301k-325k 3 7 0.4 2.6
326k-350k 8 22 2 0.5 2.2
351k-375k 11 26 4 0.4 2.5
376k-400k 25 29 8 0.2 5.2
401k-425k 35 37 9 0.2 5.7
426k-450k 27 28 7 0.2 5.8
451k-475k 15 30 4 0.3 3
476k-500k 21 35 5 0.3 3.6
501k-550k 34 60 9 0.3 3.4
551k-600k 24 46 7 0.3 3.1
601k-650k 21 36 8 0.3 3.5
651k-700k 29 34 4 0.2 5.1
701k-750k 16 26 1 0.3 3.7
751k-800k 7 18 4 0.4 2.3
801k-850k 9 12 2 0.2 4.5
851k-900k 6 8 1 0.2 4.5
901k-950k 3 5 1 0.3 3.6
951k-1m 7 8 0.2 5.3
1m-1.1m 9 15 5 0.3 3.6
1.1m-1.2m 8 12 0.3 4
1.2m-1.3m 10 8 2 0.1 7.5
1.3m-1.4m 13 9 3 0.1 8.7
1.4m-1.5m 5 8 3 0.3 3.8
1.5m-1.6m 6 9 0.3 4
1.6m-1.7m 4 9 1 0.4 2.7
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 5 4 0.1 7.5
2m-2.25m 6 4 0.1 9
2.25m-2.5m 17 6 1 0.1 17
2.5m-2.75m 3 5 1 0.3 3.6
2.75m-3m 7 5 2 0.1 8.4
3m-3.5m 5 3 2 0.1 10
3.5m-4m 4 6 3 0.3 4
4m-4.5m 3 5 0.3 3.6
4.5m-5m 4 1 0 24
5.01m-6m 2 8 3 0.7 1.5
7.01m-8m 1 1 0.2 6
8.01m-9m 2 0
10.01m-11m 1 0.2 0

Townhouses 31% 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
251k-275k 1 4 1 0.7 1.5
276k-300k 8 7 3 0.1 6.9
301k-325k 4 6 1 0.3 4
326k-350k 9 8 3 0.1 6.8
351k-375k 2 5 2 0.4 2.4
376k-400k 5 4 1 0.1 7.5
401k-425k 1 6 1 1
426k-450k 1 7 1 1.2 0.9
451k-475k 1 2 0.3 3
476k-500k 2 5 0.4 2.4
501k-550k 1 1 0.2 6
551k-600k 2 0.3 0
601k-650k 2 0
651k-700k 5 2 1 0.1 15
2m-2.25m 1 0.2 0

Condos 30% 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 1 0.2 0
176k-200k 8 2 1.3 0
201k-225k 2 11 1 0.9 1.1
226k-250k 2 6 0.5 2
251k-275k 4 7 2 0.3 3.4
276k-300k 4 3 0.1 8
301k-325k 1 3 0.5 2
326k-350k 3 4 1 0.2 4.5
351k-375k 1 1 0.2 6
426k-450k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 0.2 0
651k-700k 1 1 0.2 0

Land 16% 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
51k-75k 1 1 0.2 6
76k-100k 1 1 1 0.2 6
101k-125k 1 0.2 0
126k-150k 2 3 1 0.3 4
151k-175k 3 3 1 0.2 6
176k-200k 8 0
201k-225k 6 2 0.1 18
226k-250k 6 4 0.1 9
251k-275k 2 0
276k-300k 4 1 0 24
301k-325k 4 0
326k-350k 1 4 1 0.7 1.5
351k-375k 3 1 0.1 18
376k-400k 2 2 0.2 6
401k-425k 1 1 0.2 6
426k-450k 8 5 2 0.1 9.6
451k-475k 1 0
476k-500k 3 1 0.1 18
501k-550k 1 5 1 0.8 1.2
551k-600k 2 3 1 0.3 4
601k-650k 4 3 2 0.1 8
651k-700k 3 2 1 0.1 9
701k-750k 1 0
801k-850k 2 0.3 0
851k-900k 1 1 0.2 6
901k-950k 1 1 0.2 6
951k-1m 2 1 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 2 0.3 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 2 0
3m-3.5m 1 1 0.2 6
3.5m-4m 1 0
4m-4.5m 1 0.2 0
13.01m-14m 1 0