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 2 0.3 0
51k-75k 2 1 1 0.1 12
76k-100k 4 6 1 0.3 4
101k-125k 4 6 2 0.3 4
126k-150k 7 11 3 0.3 3.8
151k-175k 4 29 6 1.2 0.8
176k-200k 17 30 3 0.3 3.4
201k-225k 29 44 4 0.3 4
226k-250k 59 66 6 0.2 5.4
251k-275k 44 56 8 0.2 4.7
276k-300k 60 53 10 0.1 6.8
301k-325k 30 52 6 0.3 3.5
326k-350k 30 64 7 0.4 2.8
351k-375k 26 43 4 0.3 3.6
376k-400k 31 47 5 0.3 4
401k-425k 18 36 5 0.3 3
426k-450k 18 23 7 0.2 4.7
451k-475k 16 21 2 0.2 4.6
476k-500k 14 19 2 0.2 4.4
501k-550k 22 32 5 0.2 4.1
551k-600k 18 19 3 0.2 5.7
601k-650k 3 9 1 0.5 2
651k-700k 7 14 0.3 3
701k-750k 8 8 3 0.2 6
751k-800k 6 3 2 0.1 12
801k-850k 5 4 0.1 7.5
851k-900k 5 3 0.1 10
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 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 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 0
101k-125k 2 0
151k-175k 1 0
176k-200k 1 0.2 0
226k-250k 7 2 0 21
251k-275k 6 10 1 0.3 3.6
276k-300k 6 11 0.3 3.3
301k-325k 5 15 2 0.5 2
326k-350k 2 3 0.3 4
351k-375k 1 4 0.7 1.5
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 2 0
476k-500k 1 1 0.2 6

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 4 2 0.7 0
51k-75k 9 8 4 0.1 6.8
76k-100k 15 12 2 0.1 7.5
101k-125k 36 21 1 0.1 10.3
126k-150k 34 24 6 0.1 8.5
151k-175k 24 21 2 0.1 6.9
176k-200k 16 7 0.1 13.7
201k-225k 22 9 1 0.1 14.7
226k-250k 7 13 2 0.3 3.2
251k-275k 9 5 1 0.1 10.8
276k-300k 6 3 1 0.1 12
301k-325k 2 2 0.2 6
326k-350k 2 1 0.1 12
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 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 37 17 3 0.1 13.1
26k-50k 43 14 1 0.1 18.4
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 5 1 0 30
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 3 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
1.2m-1.3m 1 0
2.25m-2.5m 1 0