Supply & Demand in Colorado Springs, CO

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 % 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 0.2 0
76k-100k 1 0
101k-125k 1 1 0.2 0
126k-150k 2 4 2 0.3 3
151k-175k 7 1.2 0
176k-200k 5 11 3 0.4 2.7
201k-225k 11 19 3 0.3 3.5
226k-250k 7 26 7 0.6 1.6
251k-275k 17 35 8 0.3 2.9
276k-300k 56 74 14 0.2 4.5
301k-325k 54 94 15 0.3 3.4
326k-350k 101 162 24 0.3 3.7
351k-375k 164 262 44 0.3 3.8
376k-400k 251 300 42 0.2 5
401k-425k 215 315 49 0.2 4.1
426k-450k 274 318 45 0.2 5.2
451k-475k 184 245 23 0.2 4.5
476k-500k 221 247 38 0.2 5.4
501k-550k 284 344 49 0.2 5
551k-600k 220 252 34 0.2 5.2
601k-650k 147 197 20 0.2 4.5
651k-700k 158 149 18 0.2 6.4
701k-750k 105 114 15 0.2 5.5
751k-800k 108 103 10 0.2 6.3
801k-850k 60 70 12 0.2 5.1
851k-900k 64 54 5 0.1 7.1
901k-950k 32 28 5 0.1 6.9
951k-1m 48 50 5 0.2 5.8
1m-1.1m 33 48 8 0.2 4.1
1.1m-1.2m 41 38 3 0.2 6.5
1.2m-1.3m 26 27 1 0.2 5.8
1.3m-1.4m 27 16 0.1 10.1
1.4m-1.5m 15 7 1 0.1 12.9
1.5m-1.6m 24 10 1 0.1 14.4
1.6m-1.7m 10 9 1 0.2 6.7
1.7m-1.8m 8 6 1 0.1 8
1.8m-1.9m 10 3 0.1 20
1.9m-2m 8 2 0 24
2m-2.25m 14 8 2 0.1 10.5
2.25m-2.5m 13 8 1 0.1 9.8
2.5m-2.75m 4 0
2.75m-3m 9 4 0.1 13.5
3m-3.5m 4 2 0.1 12
3.5m-4m 5 6 1 0.2 5
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0.2 0
6.01m-7m 1 0
7.01m-8m 1 0

Townhouses % 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
51k-75k 1 0
151k-175k 2 1 0.3 0
176k-200k 10 8 2 0.1 7.5
201k-225k 20 15 2 0.1 8
226k-250k 32 32 5 0.2 6
251k-275k 37 26 4 0.1 8.5
276k-300k 52 37 5 0.1 8.4
301k-325k 57 54 9 0.2 6.3
326k-350k 58 54 9 0.2 6.4
351k-375k 53 49 8 0.2 6.5
376k-400k 55 48 8 0.1 6.9
401k-425k 43 45 10 0.2 5.7
426k-450k 37 25 2 0.1 8.9
451k-475k 24 28 2 0.2 5.1
476k-500k 18 26 4 0.2 4.2
501k-550k 30 25 2 0.1 7.2
551k-600k 19 11 0.1 10.4
601k-650k 15 12 4 0.1 7.5
651k-700k 6 7 1 0.2 5.1
701k-750k 5 5 0.2 6
751k-800k 2 2 0.2 6
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 6
901k-950k 1 2 0.3 3
951k-1m 1 2 1 0.3 3
1m-1.1m 1 0.2 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.5m-1.6m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 2 0.3 0

Condos % 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 3 0
101k-125k 4 4 2 0.2 6
126k-150k 23 5 0 27.6
151k-175k 39 11 0 21.3
176k-200k 35 18 3 0.1 11.7
201k-225k 22 19 2 0.1 6.9
226k-250k 31 20 1 0.1 9.3
251k-275k 33 24 3 0.1 8.3
276k-300k 43 32 1 0.1 8.1
301k-325k 31 18 2 0.1 10.3
326k-350k 26 8 0.1 19.5
351k-375k 12 4 1 0.1 18
376k-400k 13 4 2 0.1 19.5
401k-425k 10 1 0 60
426k-450k 4 1 0 24
451k-475k 1 1 0.2 6
476k-500k 2 2 0.2 6
501k-550k 1 4 1 0.7 1.5
551k-600k 3 1 0.1 18
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 1 1 0.2 6
751k-800k 2 0
1.5m-1.6m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 0
3.5m-4m 1 0.2 0

Land % 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 1 0.2 0
26k-50k 2 0.3 0
51k-75k 4 4 2 0.2 6
76k-100k 25 4 1 0 37.5
101k-125k 19 1 0 114
126k-150k 24 4 0 36
151k-175k 10 1 0 60
176k-200k 24 3 1 0 48
201k-225k 12 1 0 72
226k-250k 7 3 0.1 14
251k-275k 6 2 0.1 18
276k-300k 15 2 1 0 45
301k-325k 12 5 1 0.1 14.4
326k-350k 10 4 0.1 15
351k-375k 13 3 0 26
376k-400k 23 4 1 0 34.5
401k-425k 5 4 0.1 7.5
426k-450k 3 1 0.1 18
451k-475k 1 1 0.2 6
476k-500k 10 1 0 60
501k-550k 3 1 0.1 18
551k-600k 3 1 0.1 18
601k-650k 7 2 0 21
651k-700k 5 2 0.1 15
701k-750k 2 2 0.2 6
751k-800k 7 0
801k-850k 2 0
851k-900k 3 1 0.1 18
901k-950k 5 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 2 0
1.3m-1.4m 3 0
1.4m-1.5m 6 0
1.5m-1.6m 2 0
2m-2.25m 1 0
5.01m-6m 1 0
9.01m-10m 1 0