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 0% 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 1 1 0.2 6
76k-100k 2 3 1 0.3 4
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 7 7 4 0.2 6
176k-200k 9 13 2 0.2 4.2
201k-225k 10 20 1 0.3 3
226k-250k 11 22 5 0.3 3
251k-275k 11 31 2 0.5 2.1
276k-300k 28 41 8 0.2 4.1
301k-325k 22 60 8 0.5 2.2
326k-350k 48 71 9 0.2 4.1
351k-375k 44 106 16 0.4 2.5
376k-400k 72 117 15 0.3 3.7
401k-425k 56 90 16 0.3 3.7
426k-450k 60 104 18 0.3 3.5
451k-475k 48 72 11 0.3 4
476k-500k 84 93 11 0.2 5.4
501k-550k 114 143 20 0.2 4.8
551k-600k 89 105 13 0.2 5.1
601k-650k 75 80 13 0.2 5.6
651k-700k 63 77 12 0.2 4.9
701k-750k 48 66 16 0.2 4.4
751k-800k 46 51 10 0.2 5.4
801k-850k 26 32 3 0.2 4.9
851k-900k 25 36 5 0.2 4.2
901k-950k 28 21 6 0.1 8
951k-1m 33 24 3 0.1 8.3
1m-1.1m 22 39 7 0.3 3.4
1.1m-1.2m 21 25 4 0.2 5
1.2m-1.3m 12 26 2 0.4 2.8
1.3m-1.4m 21 17 0.1 7.4
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 13 9 1 0.1 8.7
1.6m-1.7m 10 3 0.1 20
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 5 2 0.3 3.6
1.9m-2m 7 1 1 0 42
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 4 3 0.1 8
3.5m-4m 2 2 0.2 6
4m-4.5m 5 1 0 30
4.5m-5m 6 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 0

Townhouses 0% 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
226k-250k 6 3 0.1 12
251k-275k 8 5 2 0.1 9.6
276k-300k 5 14 1 0.5 2.1
301k-325k 20 32 8 0.3 3.8
326k-350k 28 48 4 0.3 3.5
351k-375k 9 26 0.5 2.1
376k-400k 15 5 0.1 18
401k-425k 3 5 1 0.3 3.6
426k-450k 4 5 3 0.2 4.8
476k-500k 1 0
501k-550k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.3m-1.4m 1 1 0.2 0

Condos 0% 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 0.2 0
51k-75k 5 2 0.8 0
76k-100k 15 5 0.1 18
101k-125k 26 16 5 0.1 9.8
126k-150k 57 24 5 0.1 14.3
151k-175k 37 37 6 0.2 6
176k-200k 56 28 5 0.1 12
201k-225k 52 32 2 0.1 9.8
226k-250k 64 34 6 0.1 11.3
251k-275k 47 24 5 0.1 11.8
276k-300k 59 36 4 0.1 9.8
301k-325k 40 23 2 0.1 10.4
326k-350k 41 17 5 0.1 14.5
351k-375k 25 7 1 0 21.4
376k-400k 25 7 1 0 21.4
401k-425k 21 11 1 0.1 11.5
426k-450k 16 10 4 0.1 9.6
451k-475k 14 5 2 0.1 16.8
476k-500k 21 8 3 0.1 15.8
501k-550k 21 6 0 21
551k-600k 18 3 2 0 36
601k-650k 14 3 0 28
651k-700k 6 3 0.1 12
701k-750k 3 2 1 0.1 9
751k-800k 5 1 0 30
801k-850k 1 0
851k-900k 2 0
901k-950k 3 1 1 0.1 18
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0

Land 0% 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 2 1 0.1 12
51k-75k 9 2 0 27
76k-100k 3 2 0.1 9
101k-125k 3 2 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 2 1 0.1 12
201k-225k 4 1 0 24
226k-250k 4 0
251k-275k 1 0
276k-300k 4 2 1 0.1 12
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 6 1 1 0 36
401k-425k 1 1 0.2 0
426k-450k 6 0
451k-475k 4 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 2 1 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
851k-900k 3 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
4m-4.5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0