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 3 0.1 14
76k-100k 6 5 1 0.1 7.2
101k-125k 2 8 4 0.7 1.5
126k-150k 7 12 2 0.3 3.5
151k-175k 6 23 4 0.6 1.6
176k-200k 21 32 6 0.3 3.9
201k-225k 27 51 11 0.3 3.2
226k-250k 62 65 10 0.2 5.7
251k-275k 48 55 13 0.2 5.2
276k-300k 59 55 10 0.2 6.4
301k-325k 22 45 6 0.3 2.9
326k-350k 29 56 11 0.3 3.1
351k-375k 30 43 4 0.2 4.2
376k-400k 34 43 4 0.2 4.7
401k-425k 18 35 6 0.3 3.1
426k-450k 17 20 4 0.2 5.1
451k-475k 14 22 2 0.3 3.8
476k-500k 16 17 5 0.2 5.6
501k-550k 23 28 3 0.2 4.9
551k-600k 17 19 2 0.2 5.4
601k-650k 4 9 1 0.4 2.7
651k-700k 5 12 1 0.4 2.5
701k-750k 9 7 1 0.1 7.7
751k-800k 6 3 1 0.1 12
801k-850k 5 5 1 0.2 6
851k-900k 4 2 0.1 12
901k-950k 2 0.3 0
951k-1m 3 4 0.2 4.5
1m-1.1m 7 2 0 21
1.1m-1.2m 5 1 0 30
1.2m-1.3m 1 1 1 0.2 6
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 7 3 1 0.1 14
251k-275k 7 10 0.2 4.2
276k-300k 8 12 2 0.3 4
301k-325k 4 15 3 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 6 7 2 0.2 5.1
76k-100k 14 13 4 0.2 6.5
101k-125k 32 20 2 0.1 9.6
126k-150k 30 24 7 0.1 7.5
151k-175k 22 20 3 0.2 6.6
176k-200k 19 8 1 0.1 14.3
201k-225k 22 7 0.1 18.9
226k-250k 7 12 3 0.3 3.5
251k-275k 9 6 3 0.1 9
276k-300k 6 3 2 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 34 24 11 0.1 8.5
26k-50k 47 11 1 0 25.6
51k-75k 12 4 0.1 18
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 1 0
276k-300k 2 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
751k-800k 2 0
801k-850k 2 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 1 0
2.25m-2.5m 1 0