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
151k-175k 1 4 0.7 1.5
176k-200k 4 15 6 0.6 1.6
201k-225k 29 40 2 0.2 4.4
226k-250k 23 39 9 0.3 3.5
251k-275k 42 73 14 0.3 3.5
276k-300k 91 90 12 0.2 6.1
301k-325k 110 111 17 0.2 5.9
326k-350k 157 164 25 0.2 5.7
351k-375k 99 179 29 0.3 3.3
376k-400k 138 212 36 0.3 3.9
401k-425k 98 129 14 0.2 4.6
426k-450k 122 138 16 0.2 5.3
451k-475k 95 85 10 0.1 6.7
476k-500k 93 108 16 0.2 5.2
501k-550k 134 84 12 0.1 9.6
551k-600k 103 63 8 0.1 9.8
601k-650k 71 51 7 0.1 8.4
651k-700k 77 42 9 0.1 11
701k-750k 75 27 3 0.1 16.7
751k-800k 40 20 0.1 12
801k-850k 42 7 0 36
851k-900k 28 8 2 0 21
901k-950k 18 7 1 0.1 15.4
951k-1m 25 8 2 0.1 18.8
1m-1.1m 17 7 1 0.1 14.6
1.1m-1.2m 9 2 1 0 27
1.2m-1.3m 10 2 1 0 30
1.3m-1.4m 5 1 0 30
1.4m-1.5m 5 0
1.5m-1.6m 5 12 0.4 2.5
1.6m-1.7m 2 5 1 0.4 2.4
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 4 0
1.9m-2m 2 1 0.1 12
2m-2.25m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 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
126k-150k 1 2 1 0.3 3
151k-175k 2 1 0.1 12
176k-200k 2 0.3 0
201k-225k 4 7 0.3 3.4
226k-250k 12 15 1 0.2 4.8
251k-275k 32 42 5 0.2 4.6
276k-300k 53 77 12 0.2 4.1
301k-325k 65 55 8 0.1 7.1
326k-350k 82 72 16 0.1 6.8
351k-375k 65 84 11 0.2 4.6
376k-400k 64 37 12 0.1 10.4
401k-425k 24 17 2 0.1 8.5
426k-450k 24 13 1 0.1 11.1
451k-475k 31 7 2 0 26.6
476k-500k 48 18 3 0.1 16
501k-550k 72 26 4 0.1 16.6
551k-600k 42 7 1 0 36
601k-650k 10 3 1 0.1 20
651k-700k 3 0
701k-750k 1 1 0.2 0
751k-800k 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
101k-125k 1 8 1.3 0.8
126k-150k 9 7 1 0.1 7.7
151k-175k 14 23 2 0.3 3.7
176k-200k 21 20 6 0.2 6.3
201k-225k 32 21 1 0.1 9.1
226k-250k 66 31 4 0.1 12.8
251k-275k 54 20 5 0.1 16.2
276k-300k 33 12 2 0.1 16.5
301k-325k 17 4 1 0 25.5
326k-350k 26 11 2 0.1 14.2
351k-375k 19 4 0 28.5
376k-400k 14 3 0 28
401k-425k 12 3 0 24
426k-450k 8 1 0 48
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 6 2 0.1 18
551k-600k 2 0
651k-700k 3 0
701k-750k 2 0
851k-900k 1 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 9 2 0 27
26k-50k 80 14 1 0 34.3
51k-75k 50 32 3 0.1 9.4
76k-100k 7 4 3 0.1 10.5
101k-125k 2 1 0.1 12
126k-150k 11 4 1 0.1 16.5
151k-175k 10 3 0.1 20
176k-200k 5 1 0 30
201k-225k 2 1 0.1 12
226k-250k 3 1 0.1 18
251k-275k 2 0
276k-300k 7 3 1 0.1 14
301k-325k 1 1 0.2 6
326k-350k 4 0
351k-375k 1 0
376k-400k 3 0
401k-425k 1 0.2 0
426k-450k 3 1 0.1 18
451k-475k 1 0.2 0
476k-500k 5 0
501k-550k 5 0
551k-600k 3 1 0.1 18
651k-700k 2 0
701k-750k 1 1 0.2 6
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 0
901k-950k 2 0
951k-1m 5 0
1m-1.1m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 3 0
2.25m-2.5m 4 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
6.01m-7m 2 0
7.01m-8m 2 0
9.01m-10m 1 0
13.01m-14m 1 0