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 6 4 3 0.1 9
76k-100k 8 5 0.1 9.6
101k-125k 4 12 6 0.5 2
126k-150k 7 14 3 0.3 3
151k-175k 7 24 4 0.6 1.8
176k-200k 21 27 5 0.2 4.7
201k-225k 27 50 8 0.3 3.2
226k-250k 57 67 13 0.2 5.1
251k-275k 44 57 14 0.2 4.6
276k-300k 55 55 9 0.2 6
301k-325k 21 44 4 0.3 2.9
326k-350k 32 52 9 0.3 3.7
351k-375k 26 44 9 0.3 3.5
376k-400k 32 36 2 0.2 5.3
401k-425k 14 36 6 0.4 2.3
426k-450k 21 18 2 0.1 7
451k-475k 12 21 3 0.3 3.4
476k-500k 15 17 4 0.2 5.3
501k-550k 23 25 1 0.2 5.5
551k-600k 18 17 3 0.2 6.4
601k-650k 2 9 3 0.8 1.3
651k-700k 7 11 3 0.3 3.8
701k-750k 7 6 1 0.1 7
751k-800k 6 4 2 0.1 9
801k-850k 3 3 1 0.2 6
851k-900k 4 1 0 24
901k-950k 2 1 0.3 0
951k-1m 2 2 0.2 6
1m-1.1m 8 2 0 24
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 9 10 3 0.2 5.4
301k-325k 4 7 0.3 3.4
326k-350k 1 1 1 0.2 6
351k-375k 1 4 1 0.7 1.5
376k-400k 4 1 0 24
401k-425k 1 0
426k-450k 1 0
451k-475k 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
26k-50k 1 6 2 1 1
51k-75k 7 7 1 0.2 6
76k-100k 11 16 4 0.2 4.1
101k-125k 33 23 5 0.1 8.6
126k-150k 27 23 2 0.1 7
151k-175k 23 17 1 0.1 8.1
176k-200k 20 8 2 0.1 15
201k-225k 26 7 0 22.3
226k-250k 6 11 2 0.3 3.3
251k-275k 8 6 2 0.1 8
276k-300k 5 3 1 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 30 23 8 0.1 7.8
26k-50k 43 10 0 25.8
51k-75k 11 4 0.1 16.5
76k-100k 8 1 0 48
101k-125k 5 3 1 0.1 10
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 2 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
2.25m-2.5m 1 0