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 1 0.2 0
51k-75k 2 0.3 0
76k-100k 3 7 2 0.4 2.6
101k-125k 3 18 2 1 1
126k-150k 19 53 16 0.5 2.2
151k-175k 39 90 13 0.4 2.6
176k-200k 91 149 24 0.3 3.7
201k-225k 134 215 30 0.3 3.7
226k-250k 224 345 58 0.3 3.9
251k-275k 235 350 47 0.2 4
276k-300k 347 464 62 0.2 4.5
301k-325k 322 375 51 0.2 5.2
326k-350k 254 238 34 0.2 6.4
351k-375k 129 155 27 0.2 5
376k-400k 134 106 16 0.1 7.6
401k-425k 73 79 16 0.2 5.5
426k-450k 49 65 7 0.2 4.5
451k-475k 25 40 4 0.3 3.8
476k-500k 34 29 3 0.1 7
501k-550k 45 33 3 0.1 8.2
551k-600k 26 35 8 0.2 4.5
601k-650k 33 23 4 0.1 8.6
651k-700k 16 15 3 0.2 6.4
701k-750k 16 9 0.1 10.7
751k-800k 9 6 1 0.1 9
801k-850k 10 10 3 0.2 6
851k-900k 7 6 1 0.1 7
901k-950k 7 2 0 21
951k-1m 12 8 0.1 9
1m-1.1m 12 3 0 24
1.1m-1.2m 10 2 1 0 30
1.2m-1.3m 8 4 1 0.1 12
1.3m-1.4m 3 5 2 0.3 3.6
1.4m-1.5m 6 1 0 36
1.5m-1.6m 5 1 0 30
1.6m-1.7m 2 0
1.7m-1.8m 5 0
1.8m-1.9m 3 0
1.9m-2m 7 1 1 0 42
2m-2.25m 3 2 0.1 9
2.25m-2.5m 11 2 0 33
2.5m-2.75m 4 0
2.75m-3m 8 1 1 0 48
3m-3.5m 4 0
3.5m-4m 8 1 0 48
4m-4.5m 4 0
4.5m-5m 1 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
101k-125k 2 0
126k-150k 3 0.5 0
151k-175k 3 1 0.1 18
176k-200k 3 4 0.2 4.5
201k-225k 4 11 5 0.5 2.2
226k-250k 22 43 9 0.3 3.1
251k-275k 8 9 0.2 5.3
276k-300k 1 3 2 0.5 2
301k-325k 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 2 4 1 0.3 3
101k-125k 5 19 3 0.6 1.6
126k-150k 20 20 1 0.2 6
151k-175k 14 5 0.1 16.8
176k-200k 6 2 0.1 18
201k-225k 2 1 0.1 12
226k-250k 4 2 0.1 12
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 88 170 17 0.3 3.1
26k-50k 262 386 60 0.2 4.1
51k-75k 119 90 16 0.1 7.9
76k-100k 53 23 2 0.1 13.8
101k-125k 19 8 2 0.1 14.3
126k-150k 11 8 1 0.1 8.3
151k-175k 7 2 1 0 21
176k-200k 10 3 1 0.1 20
201k-225k 5 7 2 0.2 4.3
226k-250k 9 6 1 0.1 9
251k-275k 1 2 0.3 3
276k-300k 11 1 0 66
301k-325k 4 3 2 0.1 8
326k-350k 7 3 0.1 14
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 11 3 1 0 22
501k-550k 3 2 0.1 9
551k-600k 9 0
601k-650k 1 0
651k-700k 4 2 1 0.1 12
701k-750k 5 1 0 30
751k-800k 5 0
801k-850k 2 0
851k-900k 1 2 1 0.3 3
901k-950k 1 1 0.2 6
951k-1m 5 1 1 0 30
1m-1.1m 1 0
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 4 2 1 0.1 12
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 1 0
2m-2.25m 2 0
2.25m-2.5m 4 0
2.5m-2.75m 1 1 0.2 0
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 1 0.2 0
4m-4.5m 1 2 0.3 3
4.5m-5m 1 0
5.01m-6m 4 0
6.01m-7m 2 1 1 0.1 12
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
31.01m-32m 1 0.2 0