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 6 15 6 0.4 2.4
201k-225k 27 40 0.2 4.1
226k-250k 24 39 9 0.3 3.7
251k-275k 46 72 11 0.3 3.8
276k-300k 93 97 17 0.2 5.8
301k-325k 115 112 18 0.2 6.2
326k-350k 145 164 31 0.2 5.3
351k-375k 98 176 28 0.3 3.3
376k-400k 143 219 36 0.3 3.9
401k-425k 101 137 14 0.2 4.4
426k-450k 124 144 14 0.2 5.2
451k-475k 99 96 16 0.2 6.2
476k-500k 94 111 21 0.2 5.1
501k-550k 137 91 12 0.1 9
551k-600k 103 61 9 0.1 10.1
601k-650k 73 51 7 0.1 8.6
651k-700k 78 42 8 0.1 11.1
701k-750k 74 30 6 0.1 14.8
751k-800k 36 21 0.1 10.3
801k-850k 44 9 0 29.3
851k-900k 27 9 1 0.1 18
901k-950k 19 8 1 0.1 14.3
951k-1m 26 7 1 0 22.3
1m-1.1m 17 7 1 0.1 14.6
1.1m-1.2m 9 2 1 0 27
1.2m-1.3m 9 1 0 54
1.3m-1.4m 4 1 0 24
1.4m-1.5m 6 1 0 36
1.5m-1.6m 4 12 0.5 2
1.6m-1.7m 2 5 1 0.4 2.4
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 5 0
1.9m-2m 2 2 1 0.2 6
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 2 0.2 6
201k-225k 3 7 0.4 2.6
226k-250k 11 14 0.2 4.7
251k-275k 28 44 6 0.3 3.8
276k-300k 51 73 8 0.2 4.2
301k-325k 66 60 6 0.2 6.6
326k-350k 90 76 12 0.1 7.1
351k-375k 65 99 14 0.3 3.9
376k-400k 68 38 13 0.1 10.7
401k-425k 25 18 1 0.1 8.3
426k-450k 23 12 0.1 11.5
451k-475k 28 8 1 0 21
476k-500k 47 19 5 0.1 14.8
501k-550k 74 26 4 0.1 17.1
551k-600k 43 7 1 0 36.9
601k-650k 10 3 0.1 20
651k-700k 3 1 0.1 18
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 9 1.5 0
126k-150k 9 7 1 0.1 7.7
151k-175k 14 24 3 0.3 3.5
176k-200k 21 19 4 0.2 6.6
201k-225k 32 22 3 0.1 8.7
226k-250k 67 32 3 0.1 12.6
251k-275k 57 24 5 0.1 14.3
276k-300k 33 13 2 0.1 15.2
301k-325k 16 4 2 0 24
326k-350k 28 12 2 0.1 14
351k-375k 20 4 0 30
376k-400k 15 3 0 30
401k-425k 11 3 0 22
426k-450k 9 1 0 54
451k-475k 1 0
476k-500k 2 2 0.2 6
501k-550k 6 2 1 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 1 0 27
26k-50k 83 15 1 0 33.2
51k-75k 54 38 3 0.1 8.5
76k-100k 7 4 3 0.1 10.5
101k-125k 2 1 0.1 12
126k-150k 12 3 0 24
151k-175k 10 4 0.1 15
176k-200k 5 1 0 30
201k-225k 2 1 0.1 12
226k-250k 3 2 0.1 9
251k-275k 2 1 0.1 12
276k-300k 7 3 2 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 0.2 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 1 0
901k-950k 1 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