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
1k-25k 1 0.2 0
26k-50k 2 1 0.3 0
51k-75k 2 0.3 0
76k-100k 5 6 2 0.2 5
101k-125k 4 18 3 0.8 1.3
126k-150k 17 61 14 0.6 1.7
151k-175k 34 87 15 0.4 2.3
176k-200k 104 142 22 0.2 4.4
201k-225k 118 212 39 0.3 3.3
226k-250k 225 328 55 0.2 4.1
251k-275k 229 348 58 0.3 3.9
276k-300k 334 445 59 0.2 4.5
301k-325k 319 359 45 0.2 5.3
326k-350k 245 246 44 0.2 6
351k-375k 130 147 15 0.2 5.3
376k-400k 127 101 7 0.1 7.5
401k-425k 69 72 8 0.2 5.8
426k-450k 46 65 8 0.2 4.2
451k-475k 30 42 5 0.2 4.3
476k-500k 34 28 3 0.1 7.3
501k-550k 42 33 5 0.1 7.6
551k-600k 27 32 3 0.2 5.1
601k-650k 25 18 3 0.1 8.3
651k-700k 16 14 2 0.1 6.9
701k-750k 14 7 0.1 12
751k-800k 9 6 0.1 9
801k-850k 11 10 1 0.2 6.6
851k-900k 8 6 2 0.1 8
901k-950k 7 2 0 21
951k-1m 13 8 1 0.1 9.8
1m-1.1m 10 3 0.1 20
1.1m-1.2m 10 1 0 60
1.2m-1.3m 9 3 1 0.1 18
1.3m-1.4m 3 5 2 0.3 3.6
1.4m-1.5m 6 1 0 36
1.5m-1.6m 4 1 0 24
1.6m-1.7m 4 0
1.7m-1.8m 5 0
1.8m-1.9m 2 0
1.9m-2m 6 1 1 0 36
2m-2.25m 2 1 0.1 12
2.25m-2.5m 11 2 0 33
2.5m-2.75m 3 0
2.75m-3m 9 1 0 54
3m-3.5m 3 0
3.5m-4m 9 1 0 54
4m-4.5m 3 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0
13.01m-14m 1 0
14.01m-15m 1 0
18.01m-19m 1 0
26.01m-27m 1 0.2 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
126k-150k 2 0.3 0
151k-175k 2 1 0.1 12
176k-200k 2 3 1 0.3 4
201k-225k 4 12 1 0.5 2
226k-250k 19 43 8 0.4 2.7
251k-275k 10 11 2 0.2 5.5
276k-300k 1 4 1 0.7 1.5
301k-325k 1 0.2 0
326k-350k 1 1 0.2 0
476k-500k 1 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6

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
51k-75k 2 0.3 0
76k-100k 1 3 0.5 2
101k-125k 5 19 4 0.6 1.6
126k-150k 18 16 1 0.1 6.8
151k-175k 15 6 1 0.1 15
176k-200k 6 2 0.1 18
201k-225k 2 1 0.1 12
226k-250k 4 1 0 24
451k-475k 2 0
476k-500k 2 0

Land 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
1k-25k 83 155 17 0.3 3.2
26k-50k 247 380 66 0.3 3.9
51k-75k 120 95 20 0.1 7.6
76k-100k 47 26 3 0.1 10.8
101k-125k 21 8 4 0.1 15.8
126k-150k 9 9 2 0.2 6
151k-175k 5 3 1 0.1 10
176k-200k 8 3 2 0.1 16
201k-225k 4 5 1 0.2 4.8
226k-250k 11 6 1 0.1 11
251k-275k 1 2 0.3 3
276k-300k 10 2 1 0 30
301k-325k 4 4 2 0.2 6
326k-350k 8 3 0.1 16
351k-375k 3 2 0.1 9
376k-400k 2 0
401k-425k 2 2 0.2 6
426k-450k 3 0
451k-475k 1 0
476k-500k 10 3 0.1 20
501k-550k 2 2 1 0.2 6
551k-600k 8 0
601k-650k 1 0
651k-700k 3 2 0.1 9
701k-750k 5 1 0 30
751k-800k 5 0
801k-850k 3 0
851k-900k 1 2 1 0.3 3
901k-950k 1 1 0.2 6
951k-1m 5 2 2 0.1 15
1m-1.1m 2 0
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 3 2 1 0.1 9
1.4m-1.5m 6 2 0.1 18
1.6m-1.7m 2 0
1.7m-1.8m 4 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 5 0
2.5m-2.75m 1 1 0.2 0
2.75m-3m 2 0
3m-3.5m 2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 2 0.3 3
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 2 1 0.1 12
9.01m-10m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
31.01m-32m 1 0.2 0