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
1k-25k 1 0
26k-50k 3 1 0.5 0
51k-75k 1 2 0.3 3
76k-100k 5 3 0.1 10
101k-125k 3 8 3 0.4 2.3
126k-150k 12 8 2 0.1 9
151k-175k 6 16 4 0.4 2.3
176k-200k 14 23 5 0.3 3.7
201k-225k 22 47 4 0.4 2.8
226k-250k 52 69 11 0.2 4.5
251k-275k 55 105 16 0.3 3.1
276k-300k 83 158 21 0.3 3.2
301k-325k 69 165 19 0.4 2.5
326k-350k 108 144 20 0.2 4.5
351k-375k 64 112 17 0.3 3.4
376k-400k 85 90 9 0.2 5.7
401k-425k 46 58 9 0.2 4.8
426k-450k 42 51 8 0.2 4.9
451k-475k 36 52 10 0.2 4.2
476k-500k 36 29 1 0.1 7.4
501k-550k 29 45 12 0.3 3.9
551k-600k 36 22 2 0.1 9.8
601k-650k 18 28 3 0.3 3.9
651k-700k 15 23 4 0.3 3.9
701k-750k 6 23 1 0.6 1.6
751k-800k 6 7 0.2 5.1
801k-850k 7 5 2 0.1 8.4
851k-900k 10 7 0.1 8.6
901k-950k 2 4 0.3 3
951k-1m 4 2 1 0.1 12
1m-1.1m 1 4 0.7 1.5
1.1m-1.2m 3 3 0.2 6
1.2m-1.3m 1 4 1 0.7 1.5
1.3m-1.4m 3 0.5 0
1.4m-1.5m 2 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 0.2 0
3m-3.5m 1 0
4m-4.5m 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 1 0.3 0
151k-175k 3 2 0.1 9
176k-200k 3 4 2 0.2 4.5
201k-225k 4 5 0.2 4.8
226k-250k 4 9 1 0.4 2.7
251k-275k 8 23 0.5 2.1
276k-300k 6 28 3 0.8 1.3
301k-325k 1 1 0.2 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
76k-100k 1 1 0.2 6
101k-125k 3 6 1 0.3 3
126k-150k 10 11 2 0.2 5.5
151k-175k 11 9 0.1 7.3
176k-200k 9 8 1 0.1 6.8
201k-225k 5 2 0.1 15
226k-250k 2 0
251k-275k 5 0.8 0
276k-300k 3 10 1 0.6 1.8
301k-325k 1 2 0.3 3
326k-350k 5 0
351k-375k 2 3 0.3 4
376k-400k 1 0
401k-425k 1 2 1 0.3 3
476k-500k 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 3 2 0.5 0
26k-50k 10 15 3 0.3 4
51k-75k 9 8 1 0.1 6.8
76k-100k 8 8 1 0.2 6
101k-125k 3 3 0.2 6
126k-150k 7 4 0.1 10.5
151k-175k 4 3 0.1 8
176k-200k 5 3 0.1 10
201k-225k 4 1 0 24
226k-250k 2 2 0.2 6
251k-275k 2 0
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 2 2 1 0.2 6
351k-375k 1 0
376k-400k 3 0
401k-425k 1 0
426k-450k 5 0
451k-475k 3 0
476k-500k 1 0
501k-550k 2 1 0.1 12
551k-600k 1 0
601k-650k 1 0
651k-700k 2 1 0.1 12
701k-750k 1 1 0.2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0