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 Since 12/31 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 1 0
76k-100k 3 5 0.3 3.6
101k-125k 2 5 2 0.4 2.4
126k-150k 5 13 3 0.4 2.3
151k-175k 4 29 8 1.2 0.8
176k-200k 18 29 5 0.3 3.7
201k-225k 28 47 5 0.3 3.6
226k-250k 52 68 9 0.2 4.6
251k-275k 46 53 1 0.2 5.2
276k-300k 62 60 7 0.2 6.2
301k-325k 28 52 7 0.3 3.2
326k-350k 32 62 4 0.3 3.1
351k-375k 25 48 10 0.3 3.1
376k-400k 28 48 10 0.3 3.5
401k-425k 17 34 10 0.3 3
426k-450k 18 21 2 0.2 5.1
451k-475k 19 25 2 0.2 4.6
476k-500k 16 20 1 0.2 4.8
501k-550k 20 30 5 0.3 4
551k-600k 18 20 3 0.2 5.4
601k-650k 2 10 1 0.8 1.2
651k-700k 8 17 1 0.4 2.8
701k-750k 8 6 1 0.1 8
751k-800k 6 4 2 0.1 9
801k-850k 4 5 0.2 4.8
851k-900k 4 3 1 0.1 8
901k-950k 5 0.8 0
951k-1m 2 5 0.4 2.4
1m-1.1m 5 2 0.1 15
1.1m-1.2m 5 1 0 30
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 Since 12/31 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 2 0
101k-125k 2 0
151k-175k 1 0
176k-200k 1 0.2 0
226k-250k 8 2 2 0 24
251k-275k 6 9 0.3 4
276k-300k 9 14 1 0.3 3.9
301k-325k 5 13 0.4 2.3
326k-350k 3 3 0.2 6
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 Since 12/31 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 3 2 0.5 0
51k-75k 7 6 2 0.1 7
76k-100k 19 12 1 0.1 9.5
101k-125k 37 24 4 0.1 9.3
126k-150k 30 19 2 0.1 9.5
151k-175k 26 22 3 0.1 7.1
176k-200k 17 9 1 0.1 11.3
201k-225k 20 11 1 0.1 10.9
226k-250k 8 12 1 0.3 4
251k-275k 9 4 0.1 13.5
276k-300k 5 3 0.1 10
301k-325k 4 2 0.1 12
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 Since 12/31 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 2 0.1 13.1
26k-50k 46 15 2 0.1 18.4
51k-75k 16 5 0.1 19.2
76k-100k 10 1 0 60
101k-125k 5 2 0.1 15
126k-150k 9 0
151k-175k 6 0
176k-200k 4 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 2 0
301k-325k 2 0
326k-350k 5 2 0.1 15
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 3 0
951k-1m 2 0
1.2m-1.3m 1 0
2.25m-2.5m 2 0