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
51k-75k 1 1 0.2 6
76k-100k 2 2 0.2 6
101k-125k 2 1 0.1 12
126k-150k 1 6 1 1
151k-175k 3 21 6 1.2 0.9
176k-200k 10 36 6 0.6 1.7
201k-225k 16 39 5 0.4 2.5
226k-250k 34 64 13 0.3 3.2
251k-275k 41 103 17 0.4 2.4
276k-300k 80 141 25 0.3 3.4
301k-325k 88 171 36 0.3 3.1
326k-350k 91 225 32 0.4 2.4
351k-375k 98 223 40 0.4 2.6
376k-400k 107 256 37 0.4 2.5
401k-425k 90 209 30 0.4 2.6
426k-450k 99 174 24 0.3 3.4
451k-475k 78 164 28 0.4 2.9
476k-500k 87 154 20 0.3 3.4
501k-550k 124 228 49 0.3 3.3
551k-600k 111 145 22 0.2 4.6
601k-650k 74 144 20 0.3 3.1
651k-700k 62 97 14 0.3 3.8
701k-750k 57 85 11 0.2 4
751k-800k 35 72 7 0.3 2.9
801k-850k 42 61 13 0.2 4.1
851k-900k 45 60 5 0.2 4.5
901k-950k 20 40 9 0.3 3
951k-1m 37 43 11 0.2 5.2
1m-1.1m 28 44 7 0.3 3.8
1.1m-1.2m 35 24 4 0.1 8.8
1.2m-1.3m 22 27 5 0.2 4.9
1.3m-1.4m 30 28 2 0.2 6.4
1.4m-1.5m 19 15 4 0.1 7.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 11 10 2 0.2 6.6
1.8m-1.9m 8 9 1 0.2 5.3
1.9m-2m 13 6 1 0.1 13
2m-2.25m 14 10 2 0.1 8.4
2.25m-2.5m 2 7 2 0.6 1.7
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 3 1 0.1 12
3m-3.5m 6 5 1 0.1 7.2
3.5m-4m 7 3 1 0.1 14
4m-4.5m 1 0
4.5m-5m 2 1 0.1 12
5.01m-6m 2 1 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 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
76k-100k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 2 0.3 3
201k-225k 3 7 1 0.4 2.6
226k-250k 8 19 4 0.4 2.5
251k-275k 7 18 4 0.4 2.3
276k-300k 21 24 2 0.2 5.3
301k-325k 15 24 3 0.3 3.8
326k-350k 25 36 9 0.2 4.2
351k-375k 27 51 6 0.3 3.2
376k-400k 28 52 14 0.3 3.2
401k-425k 23 50 6 0.4 2.8
426k-450k 24 31 6 0.2 4.6
451k-475k 9 12 2 0.2 4.5
476k-500k 9 11 2 0.2 4.9
501k-550k 14 22 5 0.3 3.8
551k-600k 19 29 10 0.3 3.9
601k-650k 10 13 0.2 4.6
651k-700k 8 13 0.3 3.7
701k-750k 3 5 0.3 3.6
751k-800k 1 1 0.2 6
801k-850k 1 0.2 0
851k-900k 6 3 0.1 12
901k-950k 1 0.2 0
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0

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 4 6 1 0.3 4
76k-100k 10 9 3 0.2 6.7
101k-125k 34 36 6 0.2 5.7
126k-150k 85 64 8 0.1 8
151k-175k 121 111 14 0.2 6.5
176k-200k 172 122 15 0.1 8.5
201k-225k 148 75 8 0.1 11.8
226k-250k 131 90 12 0.1 8.7
251k-275k 78 44 7 0.1 10.6
276k-300k 45 29 6 0.1 9.3
301k-325k 35 11 2 0.1 19.1
326k-350k 24 22 5 0.2 6.5
351k-375k 17 12 3 0.1 8.5
376k-400k 11 4 0.1 16.5
401k-425k 10 6 1 0.1 10
426k-450k 6 5 0.1 7.2
451k-475k 4 5 2 0.2 4.8
476k-500k 9 9 2 0.2 6
501k-550k 14 22 3 0.3 3.8
551k-600k 12 4 0.1 18
601k-650k 11 4 1 0.1 16.5
651k-700k 6 3 1 0.1 12
701k-750k 1 4 0.7 1.5
751k-800k 2 0
801k-850k 4 0
851k-900k 2 2 1 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 1 0
1.8m-1.9m 1 0
4.5m-5m 1 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
-24,000-0 1 0
1k-25k 15 13 1 0.1 6.9
26k-50k 140 6 1 0 140
51k-75k 11 21 1 0.3 3.1
76k-100k 45 20 5 0.1 13.5
101k-125k 23 16 0.1 8.6
126k-150k 27 14 4 0.1 11.6
151k-175k 19 7 3 0.1 16.3
176k-200k 14 4 1 0 21
201k-225k 8 4 1 0.1 12
226k-250k 12 0
251k-275k 8 0
276k-300k 12 3 0 24
301k-325k 13 1 0 78
326k-350k 4 1 1 0 24
351k-375k 2 1 1 0.1 12
376k-400k 7 2 0 21
401k-425k 5 3 0.1 10
426k-450k 8 1 0 48
451k-475k 3 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 4 1 0 24
601k-650k 15 4 0 22.5
651k-700k 8 2 0 24
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 2 3 0.3 4
851k-900k 1 0
901k-950k 2 0
951k-1m 6 0
1m-1.1m 2 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 5 0
2m-2.25m 2 1 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 4 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0
4.5m-5m 2 0
6.01m-7m 1 0
8.01m-9m 1 0
11.01m-12m 1 0
19.01m-20m 1 0
23.01m-24m 1 0