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
76k-100k 1 1 0.2 0
101k-125k 1 0
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 2 0.2 6
201k-225k 3 3 0.2 6
226k-250k 5 2 0.1 15
251k-275k 7 7 1 0.2 6
276k-300k 9 7 1 0.1 7.7
301k-325k 10 9 1 0.2 6.7
326k-350k 18 22 4 0.2 4.9
351k-375k 20 32 3 0.3 3.8
376k-400k 30 31 3 0.2 5.8
401k-425k 13 16 1 0.2 4.9
426k-450k 15 12 3 0.1 7.5
451k-475k 9 11 1 0.2 4.9
476k-500k 13 14 4 0.2 5.6
501k-550k 9 18 5 0.3 3
551k-600k 12 22 3 0.3 3.3
601k-650k 13 17 2 0.2 4.6
651k-700k 11 11 2 0.2 6
701k-750k 8 11 4 0.2 4.4
751k-800k 14 10 1 0.1 8.4
801k-850k 13 7 0.1 11.1
851k-900k 7 4 0.1 10.5
901k-950k 5 6 0.2 5
951k-1m 8 1 1 0 48
1m-1.1m 6 7 1 0.2 5.1
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 7 4 0.1 10.5
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 4 0
1.9m-2m 6 1 0 36
2m-2.25m 4 4 1 0.2 6
2.25m-2.5m 6 1 0 36
2.5m-2.75m 4 2 0.1 12
2.75m-3m 1 0
3m-3.5m 4 1 0 24
3.5m-4m 2 0
4m-4.5m 4 0
4.5m-5m 3 0
5.01m-6m 2 0
6.01m-7m 3 0
9.01m-10m 1 0
12.01m-13m 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
176k-200k 1 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 6 3 0.1 12
276k-300k 3 6 1 0.3 3
301k-325k 5 2 0.1 15
326k-350k 5 3 0.1 10
351k-375k 2 8 0.7 1.5
376k-400k 8 3 1 0.1 16
401k-425k 2 1 0.1 12
451k-475k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
651k-700k 1 1 0.2 6
901k-950k 1 0
1.3m-1.4m 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
151k-175k 1 0.2 0
201k-225k 2 2 0.2 6
226k-250k 2 4 1 0.3 3
251k-275k 10 5 0.1 12
276k-300k 2 6 1 0.5 2
301k-325k 11 3 0 22
326k-350k 7 7 0.2 6
351k-375k 13 4 0.1 19.5
376k-400k 11 4 0.1 16.5
401k-425k 12 13 1 0.2 5.5
426k-450k 20 3 2 0 40
451k-475k 14 3 0 28
476k-500k 12 4 0.1 18
501k-550k 36 14 2 0.1 15.4
551k-600k 19 7 2 0.1 16.3
601k-650k 10 9 1 0.2 6.7
651k-700k 8 14 1 0.3 3.4
701k-750k 12 8 0.1 9
751k-800k 9 5 0.1 10.8
801k-850k 11 3 0 22
851k-900k 3 2 0.1 9
901k-950k 4 2 1 0.1 12
951k-1m 2 5 0.4 2.4
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 2 1 0.3 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 1 2 0.3 3
26k-50k 8 1 1 0 48
51k-75k 3 1 1 0.1 18
76k-100k 13 2 0 39
101k-125k 4 0
126k-150k 2 1 1 0.1 12
151k-175k 1 0
176k-200k 2 0
201k-225k 3 0
226k-250k 1 0
251k-275k 3 0
276k-300k 2 0.3 0
301k-325k 2 2 0.2 6
326k-350k 3 3 0.2 6
351k-375k 2 0
376k-400k 4 0
401k-425k 1 1 0.2 6
426k-450k 2 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 6 0
601k-650k 3 0
651k-700k 3 0
701k-750k 1 0
751k-800k 2 0
801k-850k 3 0
851k-900k 1 1 0.2 6
901k-950k 1 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.9m-2m 2 0
2m-2.25m 2 0
3m-3.5m 1 0
16.01m-17m 1 0