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 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
1k-25k 1 1 0.2 0
26k-50k 3 1 0.5 0
51k-75k 1 5 0.8 1.2
76k-100k 2 8 0.7 1.5
101k-125k 2 20 6 1.7 0.6
126k-150k 20 47 8 0.4 2.6
151k-175k 44 85 14 0.3 3.1
176k-200k 81 170 25 0.3 2.9
201k-225k 111 235 21 0.4 2.8
226k-250k 226 394 46 0.3 3.4
251k-275k 221 426 53 0.3 3.1
276k-300k 317 530 65 0.3 3.6
301k-325k 280 398 70 0.2 4.2
326k-350k 251 258 29 0.2 5.8
351k-375k 138 168 22 0.2 4.9
376k-400k 124 126 19 0.2 5.9
401k-425k 68 84 11 0.2 4.9
426k-450k 48 69 10 0.2 4.2
451k-475k 24 46 5 0.3 3.1
476k-500k 28 40 7 0.2 4.2
501k-550k 40 47 3 0.2 5.1
551k-600k 25 33 4 0.2 4.5
601k-650k 23 31 4 0.2 4.5
651k-700k 19 15 1 0.1 7.6
701k-750k 9 7 2 0.1 7.7
751k-800k 9 2 0 27
801k-850k 8 5 2 0.1 9.6
851k-900k 8 7 1 0.1 6.9
901k-950k 5 3 0.1 10
951k-1m 8 7 0.1 6.9
1m-1.1m 9 2 0 27
1.1m-1.2m 11 3 0 22
1.2m-1.3m 3 3 0.2 6
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 4 1 0 24
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 2 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 2 1 0.1 12
2m-2.25m 1 0.2 0
2.25m-2.5m 5 1 0 30
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 0
3m-3.5m 3 0
4m-4.5m 1 0
5.01m-6m 1 0
9.01m-10m 1 0

Townhouses 0% 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
101k-125k 1 0
126k-150k 1 2 0.3 3
151k-175k 2 1 0.3 0
176k-200k 4 8 0.3 3
201k-225k 7 10 1 0.2 4.2
226k-250k 25 35 6 0.2 4.3
251k-275k 13 10 3 0.1 7.8
276k-300k 1 0.2 0
301k-325k 1 0.2 0
326k-350k 1 0
476k-500k 1 0
651k-700k 1 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 2 0

Condos 0% 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
51k-75k 2 0.3 0
76k-100k 1 4 0.7 1.5
101k-125k 7 17 0.4 2.5
126k-150k 20 26 1 0.2 4.6
151k-175k 9 5 1 0.1 10.8
176k-200k 5 3 0.1 10
201k-225k 2 2 0.2 6
226k-250k 3 2 0.1 9
451k-475k 1 0
476k-500k 3 0
501k-550k 1 0.2 0

Land 0% 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
1k-25k 91 247 31 0.5 2.2
26k-50k 266 460 61 0.3 3.5
51k-75k 109 81 16 0.1 8.1
76k-100k 51 31 4 0.1 9.9
101k-125k 14 9 2 0.1 9.3
126k-150k 15 6 0.1 15
151k-175k 9 5 0.1 10.8
176k-200k 7 4 0.1 10.5
201k-225k 4 4 0.2 6
226k-250k 10 6 2 0.1 10
251k-275k 2 2 0.2 6
276k-300k 10 1 0 60
301k-325k 5 2 0.1 15
326k-350k 6 2 0.1 18
376k-400k 3 1 0.1 18
401k-425k 1 3 0.5 2
426k-450k 3 1 0.1 18
451k-475k 1 0
476k-500k 11 1 0 66
501k-550k 4 2 0.1 12
551k-600k 10 0
601k-650k 2 1 0.1 12
651k-700k 4 2 0.1 12
701k-750k 6 0
751k-800k 5 0
801k-850k 2 2 0.2 6
851k-900k 1 0.2 0
901k-950k 2 1 0.1 12
951k-1m 7 0
1m-1.1m 4 0
1.1m-1.2m 5 0
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 4 2 1 0.1 12
1.6m-1.7m 2 0
1.7m-1.8m 5 0
1.9m-2m 1 2 0.3 3
2m-2.25m 2 1 0.1 12
2.25m-2.5m 3 0
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 2 1 0.1 12
4m-4.5m 1 1 0.2 0
4.5m-5m 1 0
5.01m-6m 4 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
31.01m-32m 1 0.2 0