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
51k-75k 1 0
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 8 17 5 0.4 2.8
201k-225k 15 16 1 0.2 5.6
226k-250k 23 31 3 0.2 4.5
251k-275k 33 65 12 0.3 3
276k-300k 79 88 10 0.2 5.4
301k-325k 87 98 17 0.2 5.3
326k-350k 158 136 23 0.1 7
351k-375k 115 92 10 0.1 7.5
376k-400k 111 91 15 0.1 7.3
401k-425k 71 58 5 0.1 7.3
426k-450k 53 41 5 0.1 7.8
451k-475k 27 23 1 0.1 7
476k-500k 35 25 3 0.1 8.4
501k-550k 35 18 4 0.1 11.7
551k-600k 19 13 2 0.1 8.8
601k-650k 8 8 3 0.2 6
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 2 1 0.1 12
901k-950k 1 3 0.5 2
951k-1m 1 0
1.4m-1.5m 2 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 3 3 1 0.2 6
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 5 3 0.1 10
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 852 441 48 0.1 11.6
26k-50k 836 80 8 0 62.7
51k-75k 111 7 0 95.1
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