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
101k-125k 1 0
126k-150k 1 1 0.2 0
151k-175k 2 0.3 0
176k-200k 1 3 0.5 2
201k-225k 3 5 1 0.3 3.6
226k-250k 6 3 0.1 12
251k-275k 4 6 1 0.3 4
276k-300k 6 8 0.2 4.5
301k-325k 15 13 1 0.1 6.9
326k-350k 18 21 3 0.2 5.1
351k-375k 34 36 6 0.2 5.7
376k-400k 27 31 4 0.2 5.2
401k-425k 15 18 1 0.2 5
426k-450k 10 14 1 0.2 4.3
451k-475k 9 13 0.2 4.2
476k-500k 13 13 1 0.2 6
501k-550k 18 19 3 0.2 5.7
551k-600k 15 20 2 0.2 4.5
601k-650k 15 19 3 0.2 4.7
651k-700k 9 11 3 0.2 4.9
701k-750k 7 12 4 0.3 3.5
751k-800k 11 12 1 0.2 5.5
801k-850k 12 7 1 0.1 10.3
851k-900k 4 6 0.3 4
901k-950k 8 6 2 0.1 8
951k-1m 4 1 1 0 24
1m-1.1m 5 6 0.2 5
1.1m-1.2m 6 3 0.1 12
1.2m-1.3m 7 3 0.1 14
1.3m-1.4m 6 7 1 0.2 5.1
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 5 3 1 0.1 10
1.7m-1.8m 3 4 0.2 4.5
1.8m-1.9m 4 0
1.9m-2m 5 1 0 30
2m-2.25m 5 4 1 0.1 7.5
2.25m-2.5m 7 1 1 0 42
2.5m-2.75m 4 2 1 0.1 12
2.75m-3m 1 1 0.2 6
3m-3.5m 1 1 0.2 6
3.5m-4m 2 0
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 1 0
6.01m-7m 4 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
226k-250k 1 2 0.3 3
251k-275k 6 3 2 0.1 12
276k-300k 5 5 2 0.2 6
301k-325k 4 2 1 0.1 12
326k-350k 5 3 0.1 10
351k-375k 3 10 0.6 1.8
376k-400k 7 2 2 0 21
401k-425k 2 1 0.1 12
451k-475k 1 0
476k-500k 2 0
551k-600k 2 0
651k-700k 1 1 0.2 6
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
176k-200k 1 0.2 0
201k-225k 1 3 1 0.5 2
226k-250k 1 5 2 0.8 1.2
251k-275k 9 6 1 0.1 9
276k-300k 5 7 1 0.2 4.3
301k-325k 9 3 0.1 18
326k-350k 8 7 1 0.1 6.9
351k-375k 16 4 0 24
376k-400k 14 5 0.1 16.8
401k-425k 12 15 1 0.2 4.8
426k-450k 17 1 0 102
451k-475k 13 3 1 0 26
476k-500k 14 5 1 0.1 16.8
501k-550k 35 13 3 0.1 16.2
551k-600k 21 5 0 25.2
601k-650k 13 8 0.1 9.8
651k-700k 8 13 1 0.3 3.7
701k-750k 14 8 1 0.1 10.5
751k-800k 9 5 0.1 10.8
801k-850k 9 3 0.1 18
851k-900k 3 3 0.2 6
901k-950k 5 1 0 30
951k-1m 2 5 1 0.4 2.4
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 4 2 0.1 12
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 2 2 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0.2 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 3 0.5 2
26k-50k 6 1 0 36
51k-75k 4 0
76k-100k 11 3 0 22
101k-125k 5 0
126k-150k 1 1 1 0.2 6
151k-175k 1 0
176k-200k 2 0
201k-225k 2 0
226k-250k 1 0
251k-275k 3 0
276k-300k 2 0.3 0
301k-325k 2 2 1 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 3 0
501k-550k 1 1 0.2 6
551k-600k 4 0
601k-650k 3 0
651k-700k 2 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 2 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 1 0
2m-2.25m 2 0
3m-3.5m 1 0
16.01m-17m 1 0