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 15 2 0.8 1.2
201k-225k 26 38 2 0.2 4.1
226k-250k 26 40 4 0.3 3.9
251k-275k 38 80 21 0.4 2.9
276k-300k 88 94 18 0.2 5.6
301k-325k 115 112 20 0.2 6.2
326k-350k 157 165 27 0.2 5.7
351k-375k 98 184 37 0.3 3.2
376k-400k 138 217 34 0.3 3.8
401k-425k 84 138 18 0.3 3.7
426k-450k 120 138 22 0.2 5.2
451k-475k 93 80 10 0.1 7
476k-500k 87 111 16 0.2 4.7
501k-550k 126 86 15 0.1 8.8
551k-600k 97 64 11 0.1 9.1
601k-650k 71 50 6 0.1 8.5
651k-700k 77 47 11 0.1 9.8
701k-750k 74 27 2 0.1 16.4
751k-800k 37 19 1 0.1 11.7
801k-850k 35 6 0 35
851k-900k 25 7 2 0 21.4
901k-950k 21 7 1 0.1 18
951k-1m 23 8 1 0.1 17.3
1m-1.1m 14 6 1 0.1 14
1.1m-1.2m 9 2 0 27
1.2m-1.3m 8 2 1 0 24
1.3m-1.4m 4 2 1 0.1 12
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

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 2 2 1 0.2 6
151k-175k 1 1 0.2 6
176k-200k 2 0.3 0
201k-225k 5 7 0.2 4.3
226k-250k 14 15 1 0.2 5.6
251k-275k 30 46 9 0.3 3.9
276k-300k 51 77 15 0.3 4
301k-325k 64 57 8 0.1 6.7
326k-350k 77 77 17 0.2 6
351k-375k 63 87 11 0.2 4.3
376k-400k 60 36 8 0.1 10
401k-425k 26 20 5 0.1 7.8
426k-450k 27 13 1 0.1 12.5
451k-475k 29 6 1 0 29
476k-500k 48 18 3 0.1 16
501k-550k 71 28 5 0.1 15.2
551k-600k 38 6 1 0 38
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 3 0.5 0
126k-150k 9 6 1 0.1 9
151k-175k 12 23 2 0.3 3.1
176k-200k 21 19 4 0.2 6.6
201k-225k 30 22 1 0.1 8.2
226k-250k 69 29 3 0.1 14.3
251k-275k 52 20 3 0.1 15.6
276k-300k 31 13 1 0.1 14.3
301k-325k 18 4 1 0 27
326k-350k 28 11 2 0.1 15.3
351k-375k 22 4 0 33
376k-400k 12 3 0 24
401k-425k 12 3 0 24
426k-450k 7 1 0 42
476k-500k 2 1 0.1 12
501k-550k 4 2 0.1 12
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 3 2 0.1 16
26k-50k 77 13 2 0 35.5
51k-75k 52 30 5 0.1 10.4
76k-100k 7 5 3 0.1 8.4
101k-125k 2 1 0.1 12
126k-150k 11 4 1 0.1 16.5
151k-175k 8 3 0.1 16
176k-200k 5 1 0 30
201k-225k 2 1 0.1 12
226k-250k 2 0
251k-275k 3 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 1 0.2 6
476k-500k 4 0
501k-550k 5 0
551k-600k 3 1 0.1 18
651k-700k 3 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 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