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
76k-100k 1 0.2 0
101k-125k 1 4 1 0.7 1.5
126k-150k 5 8 1 0.3 3.8
151k-175k 9 2 1 0 27
176k-200k 7 7 2 0.2 6
201k-225k 7 4 2 0.1 10.5
226k-250k 7 20 5 0.5 2.1
251k-275k 8 11 1 0.2 4.4
276k-300k 23 21 2 0.2 6.6
301k-325k 8 43 12 0.9 1.1
326k-350k 29 59 9 0.3 2.9
351k-375k 17 43 8 0.4 2.4
376k-400k 27 38 2 0.2 4.3
401k-425k 18 38 9 0.4 2.8
426k-450k 24 33 8 0.2 4.4
451k-475k 17 27 4 0.3 3.8
476k-500k 28 31 3 0.2 5.4
501k-550k 25 59 10 0.4 2.5
551k-600k 18 40 5 0.4 2.7
601k-650k 13 12 1 0.2 6.5
651k-700k 13 12 2 0.2 6.5
701k-750k 8 8 1 0.2 6
751k-800k 5 12 4 0.4 2.5
801k-850k 6 10 1 0.3 3.6
851k-900k 5 9 5 0.3 3.3
901k-950k 2 10 1 0.8 1.2
951k-1m 1 3 1 0.5 2
1m-1.1m 2 5 0.4 2.4
1.1m-1.2m 1 5 0.8 1.2
1.2m-1.3m 3 5 3 0.3 3.6
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 2 1 0.3 3
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 1 3 0.5 2
1.9m-2m 4 1 0 24
2m-2.25m 1 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 1 3 1 0.5 2
2.75m-3m 2 1 0.3 0
3.5m-4m 2 0
5.01m-6m 2 0
7.01m-8m 2 0
8.01m-9m 1 0
16.01m-17m 1 0
32.01m-33m 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
101k-125k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 2 0
176k-200k 1 3 0.5 2
201k-225k 3 5 1 0.3 3.6
226k-250k 3 4 0.2 4.5
251k-275k 10 4 0.1 15
276k-300k 7 5 0.1 8.4
301k-325k 5 5 1 0.2 6
326k-350k 3 9 2 0.5 2
351k-375k 1 4 2 0.7 1.5
376k-400k 2 7 0.6 1.7
401k-425k 9 12 1 0.2 4.5
426k-450k 7 10 2 0.2 4.2
451k-475k 1 6 1 1 1
476k-500k 5 1 0.8 0
501k-550k 3 3 0.2 6
551k-600k 2 2 0.2 6
601k-650k 3 1 0.1 18
651k-700k 1 0.2 0
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 1 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 2 7 2 0.6 1.7
76k-100k 8 24 8 0.5 2
101k-125k 24 38 9 0.3 3.8
126k-150k 77 48 12 0.1 9.6
151k-175k 81 80 12 0.2 6.1
176k-200k 88 58 11 0.1 9.1
201k-225k 68 45 8 0.1 9.1
226k-250k 71 31 4 0.1 13.7
251k-275k 34 19 4 0.1 10.7
276k-300k 30 20 3 0.1 9
301k-325k 17 12 0.1 8.5
326k-350k 14 14 2 0.2 6
351k-375k 8 4 0.1 12
376k-400k 6 5 1 0.1 7.2
401k-425k 1 7 1.2 0.9
426k-450k 8 7 0.1 6.9
451k-475k 4 1 0 24
476k-500k 6 7 0.2 5.1
501k-550k 3 4 0.2 4.5
551k-600k 6 2 0.1 18
601k-650k 4 5 0.2 4.8
651k-700k 6 2 0.1 18
701k-750k 5 8 0.3 3.8
751k-800k 5 0
801k-850k 3 2 1 0.1 9
851k-900k 5 2 1 0.1 15
951k-1m 2 2 0.2 6
1m-1.1m 3 3 0.2 6
1.1m-1.2m 7 4 1 0.1 10.5
1.2m-1.3m 5 0
1.3m-1.4m 2 1 0.3 0
1.4m-1.5m 5 1 0 30
1.5m-1.6m 2 0
1.6m-1.7m 5 1 0 30
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 3 0.5 2
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 1 0.2 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
1k-25k 1 0
51k-75k 1 0
76k-100k 1 2 0.3 3
101k-125k 5 3 0.1 10
126k-150k 1 1 0.2 6
151k-175k 1 0.2 0
176k-200k 2 0
201k-225k 1 0
226k-250k 1 0
276k-300k 3 0
376k-400k 1 1 0.2 6
401k-425k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
1.8m-1.9m 1 1 0.2 0
2.75m-3m 1 0
7.01m-8m 1 0