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 1 2 0.3 3
76k-100k 2 7 2 0.6 1.7
101k-125k 3 19 3 1.1 0.9
126k-150k 23 54 13 0.4 2.6
151k-175k 41 97 14 0.4 2.5
176k-200k 90 153 24 0.3 3.5
201k-225k 136 226 33 0.3 3.6
226k-250k 224 352 44 0.3 3.8
251k-275k 228 369 47 0.3 3.7
276k-300k 349 480 61 0.2 4.4
301k-325k 309 390 53 0.2 4.8
326k-350k 245 250 40 0.2 5.9
351k-375k 140 160 26 0.2 5.3
376k-400k 123 115 18 0.2 6.4
401k-425k 64 86 16 0.2 4.5
426k-450k 49 66 11 0.2 4.5
451k-475k 22 42 8 0.3 3.1
476k-500k 34 34 6 0.2 6
501k-550k 40 36 5 0.2 6.7
551k-600k 26 34 7 0.2 4.6
601k-650k 33 22 2 0.1 9
651k-700k 19 14 2 0.1 8.1
701k-750k 10 9 0.2 6.7
751k-800k 10 6 2 0.1 10
801k-850k 9 9 2 0.2 6
851k-900k 8 5 0.1 9.6
901k-950k 7 4 0.1 10.5
951k-1m 12 9 2 0.1 8
1m-1.1m 12 3 0 24
1.1m-1.2m 10 2 1 0 30
1.2m-1.3m 6 4 0.1 9
1.3m-1.4m 3 4 1 0.2 4.5
1.4m-1.5m 4 1 0 24
1.5m-1.6m 7 1 0 42
1.6m-1.7m 3 0
1.7m-1.8m 5 1 0 30
1.8m-1.9m 2 0
1.9m-2m 5 1 0 30
2m-2.25m 3 2 1 0.1 9
2.25m-2.5m 11 2 0 33
2.5m-2.75m 3 0
2.75m-3m 7 0
3m-3.5m 6 0
3.5m-4m 7 1 1 0 42
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
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 1 0
126k-150k 3 1 0.5 0
151k-175k 2 2 0.2 6
176k-200k 4 5 0.2 4.8
201k-225k 5 7 1 0.2 4.3
226k-250k 21 41 5 0.3 3.1
251k-275k 12 9 0.1 8
276k-300k 1 3 2 0.5 2
301k-325k 1 0.2 0
326k-350k 1 0
476k-500k 1 0
651k-700k 1 0.2 0
751k-800k 1 2 0.3 3
801k-850k 1 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 4 20 3 0.8 1.2
126k-150k 20 23 3 0.2 5.2
151k-175k 14 7 0.1 12
176k-200k 6 2 0.1 18
201k-225k 3 2 0.1 9
226k-250k 3 2 0.1 9
451k-475k 2 0
476k-500k 2 0
501k-550k 1 0.2 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 84 192 15 0.4 2.6
26k-50k 263 394 53 0.2 4
51k-75k 116 91 19 0.1 7.6
76k-100k 53 23 2 0.1 13.8
101k-125k 17 6 0.1 17
126k-150k 11 8 1 0.1 8.3
151k-175k 9 2 1 0 27
176k-200k 10 2 0 30
201k-225k 4 6 1 0.3 4
226k-250k 10 7 0.1 8.6
251k-275k 1 2 0.3 3
276k-300k 9 1 0 54
301k-325k 5 2 1 0.1 15
326k-350k 6 3 1 0.1 12
351k-375k 3 2 0.1 9
376k-400k 3 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 0
476k-500k 12 3 1 0 24
501k-550k 3 2 0.1 9
551k-600k 8 0
601k-650k 1 0
651k-700k 5 2 1 0.1 15
701k-750k 5 1 0 30
751k-800k 5 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 6
901k-950k 1 1 0.2 6
951k-1m 6 0
1m-1.1m 1 0
1.1m-1.2m 6 1 0 36
1.2m-1.3m 2 3 0.3 4
1.3m-1.4m 4 1 0 24
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
1.9m-2m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 3 0
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 1 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 1 0
5.01m-6m 4 0
6.01m-7m 1 1 1 0.2 6
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