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 6 3 2 0.1 12
76k-100k 7 5 0.1 8.4
101k-125k 3 10 5 0.6 1.8
126k-150k 6 12 2 0.3 3
151k-175k 7 22 2 0.5 1.9
176k-200k 19 28 5 0.2 4.1
201k-225k 31 52 12 0.3 3.6
226k-250k 59 66 14 0.2 5.4
251k-275k 49 54 10 0.2 5.4
276k-300k 59 57 12 0.2 6.2
301k-325k 23 44 5 0.3 3.1
326k-350k 35 54 8 0.3 3.9
351k-375k 28 42 6 0.3 4
376k-400k 32 41 3 0.2 4.7
401k-425k 16 37 6 0.4 2.6
426k-450k 20 20 3 0.2 6
451k-475k 13 22 3 0.3 3.5
476k-500k 16 17 6 0.2 5.6
501k-550k 23 25 2 0.2 5.5
551k-600k 17 19 3 0.2 5.4
601k-650k 2 9 1 0.8 1.3
651k-700k 6 13 2 0.4 2.8
701k-750k 9 6 1 0.1 9
751k-800k 7 4 2 0.1 10.5
801k-850k 4 4 1 0.2 6
851k-900k 4 2 0.1 12
901k-950k 3 1 0.5 0
951k-1m 3 2 0.1 9
1m-1.1m 7 2 0 21
1.1m-1.2m 5 1 0 30
1.2m-1.3m 3 1 1 0.1 18
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
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 6 4 2 0.1 9
251k-275k 7 11 1 0.3 3.8
276k-300k 8 12 3 0.3 4
301k-325k 4 13 1 0.5 1.8
326k-350k 2 1 0.1 12
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 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 2 5 1 0.4 2.4
51k-75k 6 7 0.2 5.1
76k-100k 14 15 4 0.2 5.6
101k-125k 31 23 5 0.1 8.1
126k-150k 30 24 3 0.1 7.5
151k-175k 24 19 3 0.1 7.6
176k-200k 18 8 1 0.1 13.5
201k-225k 23 7 0.1 19.7
226k-250k 7 12 2 0.3 3.5
251k-275k 8 6 2 0.1 8
276k-300k 6 3 1 0.1 12
301k-325k 2 1 0.1 12
326k-350k 2 1 0.1 12
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
1k-25k 36 23 10 0.1 9.4
26k-50k 47 10 0 28.2
51k-75k 13 4 0.1 19.5
76k-100k 8 1 0 48
101k-125k 5 3 1 0.1 10
126k-150k 8 0
151k-175k 6 0
176k-200k 3 0
201k-225k 2 0
226k-250k 1 1 0.2 0
251k-275k 2 0
276k-300k 3 1 1 0.1 18
301k-325k 1 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