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 0.2 0
101k-125k 3 0.5 0
126k-150k 2 0.3 0
151k-175k 1 3 0.5 2
176k-200k 9 14 3 0.3 3.9
201k-225k 16 17 3 0.2 5.6
226k-250k 21 31 2 0.2 4.1
251k-275k 30 64 8 0.4 2.8
276k-300k 79 88 9 0.2 5.4
301k-325k 89 99 19 0.2 5.4
326k-350k 155 138 26 0.1 6.7
351k-375k 116 92 10 0.1 7.6
376k-400k 115 86 11 0.1 8
401k-425k 65 56 8 0.1 7
426k-450k 53 40 4 0.1 8
451k-475k 29 23 1 0.1 7.6
476k-500k 37 22 1 0.1 10.1
501k-550k 29 18 4 0.1 9.7
551k-600k 22 11 1 0.1 12
601k-650k 10 7 2 0.1 8.6
651k-700k 6 6 0.2 6
701k-750k 8 1 0 48
751k-800k 9 4 2 0.1 13.5
801k-850k 5 1 0 30
851k-900k 3 1 0.1 18
901k-950k 1 2 0.3 3
951k-1m 1 0
1.4m-1.5m 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 0.2 0
201k-225k 1 0
226k-250k 4 3 1 0.1 8
251k-275k 2 3 1 0.3 4

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
201k-225k 1 2 0.3 3
226k-250k 6 3 0.1 12
251k-275k 4 4 1 0.2 6
276k-300k 3 0
351k-375k 1 0

Land 1% 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 852 439 54 0.1 11.6
26k-50k 839 72 9 0 69.9
51k-75k 109 7 0 93.4
76k-100k 22 3 2 0 44
101k-125k 7 3 1 0.1 14
126k-150k 6 0
176k-200k 2 1 0.1 12
201k-225k 1 1 0.2 6
226k-250k 2 1 0.1 12
251k-275k 3 0
276k-300k 2 1 0.1 12
301k-325k 1 0
351k-375k 2 0
376k-400k 3 0
401k-425k 3 0
426k-450k 2 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
751k-800k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.3m-1.4m 1 0
1.6m-1.7m 2 0
2m-2.25m 1 0
3.5m-4m 1 0
10.01m-11m 1 0