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
1k-25k 1 0.2 0
26k-50k 2 2 0.3 0
51k-75k 2 1 1 0.1 12
76k-100k 4 5 0.2 4.8
101k-125k 2 6 2 0.5 2
126k-150k 6 10 2 0.3 3.6
151k-175k 5 29 6 1 1
176k-200k 17 31 4 0.3 3.3
201k-225k 30 45 6 0.3 4
226k-250k 59 67 7 0.2 5.3
251k-275k 42 55 6 0.2 4.6
276k-300k 60 54 11 0.2 6.7
301k-325k 33 50 5 0.3 4
326k-350k 30 63 7 0.4 2.9
351k-375k 27 44 5 0.3 3.7
376k-400k 29 49 7 0.3 3.6
401k-425k 18 36 7 0.3 3
426k-450k 19 21 5 0.2 5.4
451k-475k 15 21 2 0.2 4.3
476k-500k 14 19 1 0.2 4.4
501k-550k 22 32 5 0.2 4.1
551k-600k 19 19 2 0.2 6
601k-650k 2 10 1 0.8 1.2
651k-700k 7 15 0.4 2.8
701k-750k 9 8 3 0.1 6.8
751k-800k 6 3 2 0.1 12
801k-850k 5 4 0.1 7.5
851k-900k 4 3 0.1 8
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 1 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 7 10 1 0.2 4.2
276k-300k 6 12 0.3 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 2 1 0.1 12
401k-425k 2 0
426k-450k 4 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 3 0.7 0
51k-75k 10 7 3 0.1 8.6
76k-100k 16 13 2 0.1 7.4
101k-125k 37 22 1 0.1 10.1
126k-150k 32 22 4 0.1 8.7
151k-175k 24 21 2 0.1 6.9
176k-200k 17 8 1 0.1 12.8
201k-225k 22 10 1 0.1 13.2
226k-250k 7 13 3 0.3 3.2
251k-275k 8 5 1 0.1 9.6
276k-300k 6 4 1 0.1 9
301k-325k 2 2 0.2 6
326k-350k 3 1 0.1 18
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 35 16 3 0.1 13.1
26k-50k 45 14 2 0.1 19.3
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