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 Since 12/31 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 0.2 0
26k-50k 2 2 0.3 0
51k-75k 2 1 1 0.1 12
76k-100k 3 5 0.3 3.6
101k-125k 1 5 2 0.8 1.2
126k-150k 5 12 2 0.4 2.5
151k-175k 5 29 6 1 1
176k-200k 20 30 3 0.3 4
201k-225k 25 45 5 0.3 3.3
226k-250k 53 68 10 0.2 4.7
251k-275k 40 55 3 0.2 4.4
276k-300k 63 54 8 0.1 7
301k-325k 27 52 6 0.3 3.1
326k-350k 36 59 4 0.3 3.7
351k-375k 25 47 9 0.3 3.2
376k-400k 31 49 11 0.3 3.8
401k-425k 19 35 7 0.3 3.3
426k-450k 22 23 4 0.2 5.7
451k-475k 15 22 2 0.2 4.1
476k-500k 17 19 1 0.2 5.4
501k-550k 20 31 5 0.3 3.9
551k-600k 18 20 3 0.2 5.4
601k-650k 3 10 2 0.6 1.8
651k-700k 9 17 0.3 3.2
701k-750k 8 7 2 0.1 6.9
751k-800k 7 4 2 0.1 10.5
801k-850k 3 5 0.3 3.6
851k-900k 4 3 0.1 8
901k-950k 4 0.7 0
951k-1m 2 5 0.4 2.4
1m-1.1m 6 2 0.1 18
1.1m-1.2m 4 1 0 24
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.3 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 2 0
101k-125k 2 0
151k-175k 1 0
176k-200k 1 0.2 0
226k-250k 7 2 1 0 21
251k-275k 8 10 1 0.2 4.8
276k-300k 8 13 1 0.3 3.7
301k-325k 5 14 1 0.5 2.1
326k-350k 2 3 0.3 4
351k-375k 1 4 0.7 1.5
376k-400k 2 1 0.1 12
401k-425k 2 0
426k-450k 4 0
476k-500k 1 1 0.2 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 4 3 0.7 0
51k-75k 9 6 2 0.1 9
76k-100k 17 13 2 0.1 7.8
101k-125k 34 24 3 0.1 8.5
126k-150k 30 21 3 0.1 8.6
151k-175k 24 22 2 0.2 6.5
176k-200k 16 8 1 0.1 12
201k-225k 20 10 1 0.1 12
226k-250k 6 12 1 0.3 3
251k-275k 9 4 0.1 13.5
276k-300k 6 3 0.1 12
301k-325k 3 2 0.1 9
326k-350k 3 1 0.1 18
351k-375k 2 0.3 0
376k-400k 1 0
426k-450k 4 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
-24,000-0 1 0
1k-25k 36 16 3 0.1 13.5
26k-50k 44 14 1 0.1 18.9
51k-75k 15 5 0.1 18
76k-100k 11 1 0 66
101k-125k 5 2 0.1 15
126k-150k 10 0
151k-175k 6 0
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 2 0
301k-325k 2 0
326k-350k 6 1 0 36
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 3 0
501k-550k 1 0
551k-600k 1 0
751k-800k 2 0
801k-850k 2 0
851k-900k 2 0
951k-1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
2.25m-2.5m 1 0