Market Absorption Rates in Niagara

Based on Residential Sales for the last 6 months to Sept. 30, 2014

What are Absorption Rates or Months of Inventory? It is a trend of the number of months it would take for the market to absorb or sell the existing inventory of listings.

Absorption Rate Analysis to Sept. 30, 2014

City

Active Listings

Sales Last 6 Mths

Avg. No. Sales per Mth.

Months of Inventory

Welland

281

450

75

4

Port Colborne/
Wainfleet

195

201

33.5

6

Thorold

107

156

26

4.1

St. Catharines

606

1145

191

3.2

Fort Erie

455

375

63

7

Fonthill/
Pelham

139

147

25

6

Niagara Falls

571

787

131

4.4

Niagare-on-the-Lake

263

213

36

7.4

Lincoln

114

208

35

3.3

West Lincoln

38

34

6

6.7

Source: Niagara Association of REALTORS® FUSION Software— though the information provided is deemed reliable, it cannot be guaranteed.

Interpreting Absorptions Rates

Under 5 Months Supply Equals a Seller’s Market
5 to 6 Months Supply equals a Balanced Market
7 Months Supply or more equals a Buyer’s Market

Absorption rates can help a seller estimate how aggressive to be with pricing in an effort to better position the listing in the market.

Eugene Pilato

Eugene Pilato

Broker of Record
CENTURY 21 Today Realty Ltd., Brokerage*
Contact Me

Blog Archives

Tags