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 34% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 2 0.3 0
426k-450k 2 0.3 0
451k-475k 3 0.5 0
476k-500k 1 2 0.3 3
501k-550k 6 7 1 0.2 5.1
551k-600k 1 7 2 1.2 0.9
601k-650k 4 13 1 0.5 1.8
651k-700k 6 11 3 0.3 3.3
701k-750k 3 13 2 0.7 1.4
751k-800k 5 16 2 0.5 1.9
801k-850k 3 28 3 1.6 0.6
851k-900k 11 17 3 0.3 3.9
901k-950k 2 15 2 1.3 0.8
951k-1m 5 13 3 0.4 2.3
1m-1.1m 5 26 3 0.9 1.2
1.1m-1.2m 5 23 2 0.8 1.3
1.2m-1.3m 7 20 3 0.5 2.1
1.3m-1.4m 8 22 4 0.5 2.2
1.4m-1.5m 12 15 3 0.2 4.8
1.5m-1.6m 8 7 2 0.1 6.9
1.6m-1.7m 5 20 3 0.7 1.5
1.7m-1.8m 7 5 0.1 8.4
1.8m-1.9m 3 9 3 0.5 2
1.9m-2m 8 10 1 0.2 4.8
2m-2.25m 3 13 1 0.7 1.4
2.25m-2.5m 10 20 1 0.3 3
2.5m-2.75m 6 7 2 0.2 5.1
2.75m-3m 8 10 1 0.2 4.8
3m-3.5m 10 9 4 0.2 6.7
3.5m-4m 5 5 3 0.2 6
4m-4.5m 4 2 0.1 12
4.5m-5m 3 3 0.2 6
5.01m-6m 3 2 1 0.1 9
6.01m-7m 3 2 0.1 9
7.01m-8m 3 0
8.01m-9m 1 0.2 0
10.01m-11m 1 0
11.01m-12m 1 0
14.01m-15m 1 0

Townhouses 39% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 1 0.2 0
351k-375k 1 0
401k-425k 1 0.2 0
426k-450k 1 0.2 0
476k-500k 1 1 0.2 6
501k-550k 1 2 1 0.3 3
551k-600k 1 1 0.2 0
601k-650k 2 4 1 0.3 3
651k-700k 1 4 0.7 1.5
701k-750k 5 2 1 0.1 15
751k-800k 5 1 0.8 0
851k-900k 1 1 1 0.2 6
901k-950k 1 0.2 0
1m-1.1m 2 1 0.3 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 2 0
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0.2 0

Condos 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 4 0.3 3
201k-225k 1 8 2 1.3 0.8
226k-250k 6 11 3 0.3 3.3
251k-275k 12 18 4 0.3 4
276k-300k 24 18 3 0.1 8
301k-325k 20 13 0.1 9.2
326k-350k 24 27 4 0.2 5.3
351k-375k 25 8 0.1 18.8
376k-400k 23 21 4 0.2 6.6
401k-425k 7 12 0.3 3.5
426k-450k 11 9 3 0.1 7.3
451k-475k 5 7 1 0.2 4.3
476k-500k 18 20 3 0.2 5.4
501k-550k 24 31 6 0.2 4.6
551k-600k 28 13 3 0.1 12.9
601k-650k 11 20 2 0.3 3.3
651k-700k 17 20 4 0.2 5.1
701k-750k 7 19 3 0.5 2.2
751k-800k 9 18 3 0.3 3
801k-850k 6 15 4 0.4 2.4
851k-900k 8 9 2 0.2 5.3
901k-950k 4 9 5 0.4 2.7
951k-1m 3 6 0.3 3
1m-1.1m 3 7 2 0.4 2.6
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 1 5 0.8 1.2
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 2 0.3 0
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 3 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 1 0
2.25m-2.5m 1 3 1 0.5 2
2.5m-2.75m 2 0.3 0
2.75m-3m 1 0
3m-3.5m 1 1 1 0.2 6
3.5m-4m 1 1 0.2 0

Land 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0
51k-75k 2 2 0.2 6
76k-100k 4 0
101k-125k 1 3 1 0.5 2
126k-150k 1 3 0.5 2
151k-175k 3 2 0.1 9
176k-200k 3 7 1 0.4 2.6
201k-225k 4 3 0.1 8
226k-250k 20 4 1 0 30
251k-275k 3 6 1 0.3 3
276k-300k 6 1 0 36
301k-325k 1 0
326k-350k 2 1 0.1 12
351k-375k 6 2 0.1 18
376k-400k 4 1 0 24
476k-500k 3 1 0.5 0
501k-550k 1 1 0.2 6
551k-600k 1 0.2 0
601k-650k 1 1 0.2 6
651k-700k 1 0
701k-750k 1 1 1 0.2 6
801k-850k 2 0
851k-900k 1 0
1.1m-1.2m 2 0.3 0
1.7m-1.8m 3 1 0.5 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0
5.01m-6m 2 0