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 4 0.3 3.9
201k-225k 16 17 3 0.2 5.6
226k-250k 21 31 2 0.2 4.1
251k-275k 32 63 8 0.3 3
276k-300k 78 88 9 0.2 5.3
301k-325k 90 96 18 0.2 5.6
326k-350k 153 138 27 0.2 6.7
351k-375k 114 90 8 0.1 7.6
376k-400k 113 87 12 0.1 7.8
401k-425k 67 54 6 0.1 7.4
426k-450k 54 40 4 0.1 8.1
451k-475k 26 23 1 0.1 6.8
476k-500k 33 23 2 0.1 8.6
501k-550k 32 17 3 0.1 11.3
551k-600k 22 12 2 0.1 11
601k-650k 10 7 2 0.1 8.6
651k-700k 6 6 0.2 6
701k-750k 8 1 0 48
751k-800k 10 4 2 0.1 15
801k-850k 6 1 0 36
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 4 1 0.3 3

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 2 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 864 432 43 0.1 12
26k-50k 834 74 8 0 67.6
51k-75k 108 7 0 92.6
76k-100k 22 3 2 0 44
101k-125k 8 3 1 0.1 16
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
701k-750k 1 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
10.01m-11m 1 0