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 2 0.3 0
51k-75k 7 3 2 0.1 14
76k-100k 5 5 1 0.2 6
101k-125k 3 9 5 0.5 2
126k-150k 6 12 2 0.3 3
151k-175k 6 22 3 0.6 1.6
176k-200k 20 30 5 0.3 4
201k-225k 30 51 12 0.3 3.5
226k-250k 57 67 13 0.2 5.1
251k-275k 50 54 11 0.2 5.6
276k-300k 58 57 13 0.2 6.1
301k-325k 21 45 6 0.4 2.8
326k-350k 32 55 10 0.3 3.5
351k-375k 29 43 5 0.2 4
376k-400k 33 42 4 0.2 4.7
401k-425k 17 37 8 0.4 2.8
426k-450k 18 21 4 0.2 5.1
451k-475k 14 21 2 0.3 4
476k-500k 16 16 5 0.2 6
501k-550k 23 26 3 0.2 5.3
551k-600k 17 19 2 0.2 5.4
601k-650k 3 9 1 0.5 2
651k-700k 6 13 2 0.4 2.8
701k-750k 9 6 2 0.1 9
751k-800k 6 4 2 0.1 9
801k-850k 5 5 1 0.2 6
851k-900k 4 2 0.1 12
901k-950k 3 1 0.5 0
951k-1m 3 3 0.2 6
1m-1.1m 7 2 0 21
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 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 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
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 6 4 2 0.1 9
251k-275k 7 10 0.2 4.2
276k-300k 8 12 3 0.3 4
301k-325k 4 15 2 0.6 1.6
326k-350k 2 3 0.3 4
351k-375k 1 5 1 0.8 1.2
376k-400k 4 1 0 24
401k-425k 1 0
426k-450k 1 0
451k-475k 1 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 5 1 0.8 1.2
51k-75k 5 7 1 0.2 4.3
76k-100k 15 15 4 0.2 6
101k-125k 31 21 3 0.1 8.9
126k-150k 29 24 5 0.1 7.3
151k-175k 23 20 3 0.1 6.9
176k-200k 18 8 1 0.1 13.5
201k-225k 23 7 0.1 19.7
226k-250k 7 12 3 0.3 3.5
251k-275k 9 6 3 0.1 9
276k-300k 6 3 1 0.1 12
301k-325k 2 1 0.1 12
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 3 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
-24,000-0 1 0
1k-25k 36 24 10 0.1 9
26k-50k 46 10 1 0 27.6
51k-75k 13 4 0.1 19.5
76k-100k 9 1 0 54
101k-125k 5 3 1 0.1 10
126k-150k 8 0
151k-175k 6 0
176k-200k 3 0
201k-225k 2 0
226k-250k 1 1 0.2 0
251k-275k 2 0
276k-300k 3 0
301k-325k 2 0
326k-350k 5 1 0 30
351k-375k 1 0
376k-400k 2 0
426k-450k 1 0
476k-500k 2 0
501k-550k 2 0
551k-600k 1 0
651k-700k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
2.25m-2.5m 1 0