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 3 0.5 0
126k-150k 2 0.3 0
151k-175k 1 4 1 0.7 1.5
176k-200k 9 17 4 0.3 3.2
201k-225k 15 18 3 0.2 5
226k-250k 22 31 3 0.2 4.3
251k-275k 33 66 12 0.3 3
276k-300k 78 89 11 0.2 5.3
301k-325k 88 101 22 0.2 5.2
326k-350k 153 141 29 0.2 6.5
351k-375k 116 92 11 0.1 7.6
376k-400k 113 90 14 0.1 7.5
401k-425k 69 59 6 0.1 7
426k-450k 54 41 5 0.1 7.9
451k-475k 26 23 1 0.1 6.8
476k-500k 34 24 3 0.1 8.5
501k-550k 32 18 4 0.1 10.7
551k-600k 21 13 2 0.1 9.7
601k-650k 9 8 3 0.1 6.8
651k-700k 7 6 0.1 7
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 1 0.2 6
1k-25k 865 442 49 0.1 11.7
26k-50k 836 79 8 0 63.5
51k-75k 109 7 0 93.4
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