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 2 0.3 0
126k-150k 2 0.3 0
151k-175k 2 3 0.3 4
176k-200k 11 15 2 0.2 4.4
201k-225k 11 15 1 0.2 4.4
226k-250k 20 31 4 0.3 3.9
251k-275k 35 62 7 0.3 3.4
276k-300k 79 88 10 0.2 5.4
301k-325k 94 97 16 0.2 5.8
326k-350k 155 139 24 0.1 6.7
351k-375k 112 91 19 0.1 7.4
376k-400k 120 82 12 0.1 8.8
401k-425k 59 52 5 0.1 6.8
426k-450k 49 33 0.1 8.9
451k-475k 30 22 3 0.1 8.2
476k-500k 34 20 1 0.1 10.2
501k-550k 26 17 2 0.1 9.2
551k-600k 25 13 3 0.1 11.5
601k-650k 10 8 1 0.1 7.5
651k-700k 8 7 1 0.1 6.9
701k-750k 9 1 0 54
751k-800k 11 5 2 0.1 13.2
801k-850k 1 1 0.2 6
851k-900k 4 1 0 24
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
226k-250k 3 6 3 0.3 3
251k-275k 2 3 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 5 0
251k-275k 5 5 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 886 455 101 0.1 11.7
26k-50k 843 73 9 0 69.3
51k-75k 119 7 2 0 102
76k-100k 24 4 1 0 36
101k-125k 8 2 0 24
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
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
2.75m-3m 1 0
3.5m-4m 1 0
10.01m-11m 1 0