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 20 3 1.1 0.9
126k-150k 21 54 13 0.4 2.3
151k-175k 44 98 13 0.4 2.7
176k-200k 89 154 25 0.3 3.5
201k-225k 136 228 37 0.3 3.6
226k-250k 223 356 46 0.3 3.8
251k-275k 227 382 51 0.3 3.6
276k-300k 353 487 68 0.2 4.3
301k-325k 309 394 58 0.2 4.7
326k-350k 252 251 46 0.2 6
351k-375k 142 163 30 0.2 5.2
376k-400k 122 115 17 0.2 6.4
401k-425k 64 86 17 0.2 4.5
426k-450k 49 68 12 0.2 4.3
451k-475k 22 43 9 0.3 3.1
476k-500k 34 36 6 0.2 5.7
501k-550k 40 37 6 0.2 6.5
551k-600k 26 33 8 0.2 4.7
601k-650k 32 23 2 0.1 8.3
651k-700k 20 14 2 0.1 8.6
701k-750k 10 9 0.2 6.7
751k-800k 10 6 2 0.1 10
801k-850k 9 9 3 0.2 6
851k-900k 7 5 0.1 8.4
901k-950k 7 4 0.1 10.5
951k-1m 12 9 2 0.1 8
1m-1.1m 11 3 0 22
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 3 1 0.2 6
2.25m-2.5m 10 2 1 0 30
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 3 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 1 0.2 4.8
201k-225k 5 7 2 0.2 4.3
226k-250k 21 42 6 0.3 3
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 5 0.8 1.2
126k-150k 19 23 3 0.2 5
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 86 194 22 0.4 2.7
26k-50k 259 405 57 0.3 3.8
51k-75k 118 91 19 0.1 7.8
76k-100k 53 23 2 0.1 13.8
101k-125k 17 6 0.1 17
126k-150k 11 8 2 0.1 8.3
151k-175k 9 2 1 0 27
176k-200k 10 2 0 30
201k-225k 4 6 2 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 7 3 1 0.1 14
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 2 0 36
501k-550k 4 2 0.1 12
551k-600k 8 0
601k-650k 2 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 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 1 0.3 4
1.3m-1.4m 3 1 0.1 18
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