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 5 1 0.8 1.2
176k-200k 3 16 2 0.9 1.1
201k-225k 27 38 2 0.2 4.3
226k-250k 26 40 5 0.3 3.9
251k-275k 41 78 18 0.3 3.2
276k-300k 87 92 15 0.2 5.7
301k-325k 110 112 21 0.2 5.9
326k-350k 153 165 26 0.2 5.6
351k-375k 102 185 36 0.3 3.3
376k-400k 136 215 35 0.3 3.8
401k-425k 85 135 16 0.3 3.8
426k-450k 124 140 20 0.2 5.3
451k-475k 91 79 9 0.1 6.9
476k-500k 88 110 14 0.2 4.8
501k-550k 124 88 15 0.1 8.5
551k-600k 94 63 10 0.1 9
601k-650k 70 50 6 0.1 8.4
651k-700k 75 46 10 0.1 9.8
701k-750k 71 27 2 0.1 15.8
751k-800k 40 20 1 0.1 12
801k-850k 34 6 0 34
851k-900k 24 7 2 0 20.6
901k-950k 19 7 1 0.1 16.3
951k-1m 21 8 1 0.1 15.8
1m-1.1m 17 6 1 0.1 17
1.1m-1.2m 8 2 0 24
1.2m-1.3m 9 2 1 0 27
1.3m-1.4m 5 2 1 0.1 15
1.4m-1.5m 5 0
1.5m-1.6m 5 10 0.3 3
1.6m-1.7m 3 5 1 0.3 3.6
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 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 1 0
949.01m-950m 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 14 15 1 0.2 5.6
251k-275k 32 45 8 0.2 4.3
276k-300k 47 77 15 0.3 3.7
301k-325k 60 56 7 0.2 6.4
326k-350k 80 78 19 0.2 6.2
351k-375k 62 88 12 0.2 4.2
376k-400k 58 37 9 0.1 9.4
401k-425k 24 17 2 0.1 8.5
426k-450k 24 13 1 0.1 11.1
451k-475k 31 6 1 0 31
476k-500k 47 18 3 0.1 15.7
501k-550k 71 26 4 0.1 16.4
551k-600k 37 6 1 0 37
601k-650k 9 3 1 0.1 18
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 3 0.5 2
126k-150k 8 6 1 0.1 8
151k-175k 12 23 2 0.3 3.1
176k-200k 22 19 4 0.1 6.9
201k-225k 31 21 0.1 8.9
226k-250k 65 30 3 0.1 13
251k-275k 53 20 4 0.1 15.9
276k-300k 31 12 0.1 15.5
301k-325k 16 4 1 0 24
326k-350k 25 11 2 0.1 13.6
351k-375k 18 4 0 27
376k-400k 14 3 0 28
401k-425k 11 3 0 22
426k-450k 8 1 0 48
476k-500k 1 1 0.2 6
501k-550k 5 2 0.1 15
551k-600k 1 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 8 2 1 0 24
26k-50k 77 12 1 0 38.5
51k-75k 51 30 4 0.1 10.2
76k-100k 7 4 2 0.1 10.5
101k-125k 2 1 0.1 12
126k-150k 11 4 1 0.1 16.5
151k-175k 9 3 0.1 18
176k-200k 5 1 0 30
201k-225k 2 1 0.1 12
226k-250k 2 0
251k-275k 2 0
276k-300k 7 3 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 4 0
501k-550k 5 0
551k-600k 3 1 0.1 18
651k-700k 3 0
701k-750k 1 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 0
901k-950k 2 0
951k-1m 3 0
1m-1.1m 1 0
1.2m-1.3m 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 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