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
176k-200k 1 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 2 6 1 0.5 2
276k-300k 4 9 2 0.4 2.7
301k-325k 8 14 4 0.3 3.4
326k-350k 21 46 7 0.4 2.7
351k-375k 22 39 7 0.3 3.4
376k-400k 51 65 16 0.2 4.7
401k-425k 43 65 9 0.3 4
426k-450k 32 61 9 0.3 3.1
451k-475k 20 50 10 0.4 2.4
476k-500k 32 49 10 0.3 3.9
501k-550k 45 64 9 0.2 4.2
551k-600k 25 47 2 0.3 3.2
601k-650k 19 38 7 0.3 3
651k-700k 19 29 5 0.3 3.9
701k-750k 18 18 0.2 6
751k-800k 5 16 2 0.5 1.9
801k-850k 6 16 1 0.4 2.3
851k-900k 4 11 2 0.5 2.2
901k-950k 6 5 1 0.1 7.2
951k-1m 3 3 0.2 6
1m-1.1m 2 0
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 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 1 0.2 0
151k-175k 1 1 0.2 0
201k-225k 2 1 0.3 0
226k-250k 5 2 1 0.1 15
251k-275k 2 27 6 2.3 0.4
276k-300k 17 77 6 0.8 1.3
301k-325k 15 55 9 0.6 1.6
326k-350k 21 30 3 0.2 4.2
351k-375k 4 21 1 0.9 1.1
376k-400k 3 3 0.2 6
401k-425k 2 1 0.3 0
426k-450k 1 0.2 0
451k-475k 1 1 0.2 6
501k-550k 2 1 0.3 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
151k-175k 2 3 2 0.3 4
176k-200k 1 1 0.2 6
201k-225k 2 0
226k-250k 5 2 0.1 15
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 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
26k-50k 2 0.3 0
51k-75k 1 0.2 0
76k-100k 3 1 0.1 18
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 4 0
226k-250k 5 0
251k-275k 3 1 0.1 18
301k-325k 1 0.2 0
351k-375k 1 0
451k-475k 1 0
701k-750k 1 0
801k-850k 1 0
1.1m-1.2m 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0
3.5m-4m 1 0
5.01m-6m 1 0