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
26k-50k 3 1 0.5 0
51k-75k 4 4 3 0.2 6
76k-100k 6 5 0.1 7.2
101k-125k 5 12 6 0.4 2.5
126k-150k 6 14 2 0.4 2.6
151k-175k 7 24 4 0.6 1.8
176k-200k 22 27 3 0.2 4.9
201k-225k 27 50 6 0.3 3.2
226k-250k 53 68 12 0.2 4.7
251k-275k 45 58 14 0.2 4.7
276k-300k 54 54 9 0.2 6
301k-325k 23 43 3 0.3 3.2
326k-350k 34 50 8 0.2 4.1
351k-375k 23 44 9 0.3 3.1
376k-400k 31 36 2 0.2 5.2
401k-425k 16 36 6 0.4 2.7
426k-450k 18 18 2 0.2 6
451k-475k 12 20 2 0.3 3.6
476k-500k 17 17 2 0.2 6
501k-550k 22 25 0.2 5.3
551k-600k 19 16 3 0.1 7.1
601k-650k 1 9 3 1.5 0.7
651k-700k 7 10 3 0.2 4.2
701k-750k 10 6 1 0.1 10
751k-800k 8 4 2 0.1 12
801k-850k 4 3 1 0.1 8
851k-900k 4 1 0 24
901k-950k 2 1 0.3 0
951k-1m 3 2 0.1 9
1m-1.1m 7 2 0 21
1.1m-1.2m 4 1 0 24
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2.5m-2.75m 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
26k-50k 1 1 0.2 0
51k-75k 1 1 0.2 0
101k-125k 3 0
126k-150k 1 0
151k-175k 1 0
201k-225k 1 0
226k-250k 4 5 2 0.2 4.8
251k-275k 7 10 3 0.2 4.2
276k-300k 8 10 3 0.2 4.8
301k-325k 4 7 0.3 3.4
326k-350k 1 1 1 0.2 6
351k-375k 1 4 0.7 1.5
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 1 0
451k-475k 2 0
476k-500k 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
26k-50k 1 6 2 1 1
51k-75k 9 7 1 0.1 7.7
76k-100k 11 16 4 0.2 4.1
101k-125k 32 23 5 0.1 8.3
126k-150k 33 22 0.1 9
151k-175k 23 16 0.1 8.6
176k-200k 21 7 1 0.1 18
201k-225k 27 6 0 27
226k-250k 7 11 2 0.3 3.8
251k-275k 9 5 2 0.1 10.8
276k-300k 5 3 0.1 10
301k-325k 2 1 0.1 12
326k-350k 2 1 0.1 12
351k-375k 1 1 0.2 6
376k-400k 2 0
426k-450k 4 0
451k-475k 1 0
1.3m-1.4m 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 29 24 6 0.1 7.3
26k-50k 42 11 1 0 22.9
51k-75k 12 4 0.1 18
76k-100k 8 1 0 48
101k-125k 4 3 0.1 8
126k-150k 8 0
151k-175k 6 0
176k-200k 4 0
201k-225k 2 0
226k-250k 1 1 0.2 0
251k-275k 2 0
276k-300k 2 1 1 0.1 12
301k-325k 1 0
326k-350k 5 1 0 30
351k-375k 1 0
376k-400k 3 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
2.25m-2.5m 1 0