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 2 0.3 0
76k-100k 2 0.3 0
101k-125k 2 0.3 0
126k-150k 1 7 1.2 0.9
151k-175k 2 20 10 1.7 0.6
176k-200k 10 33 6 0.6 1.8
201k-225k 15 40 3 0.4 2.3
226k-250k 28 62 13 0.4 2.7
251k-275k 44 105 13 0.4 2.5
276k-300k 83 140 25 0.3 3.6
301k-325k 88 166 29 0.3 3.2
326k-350k 96 231 33 0.4 2.5
351k-375k 105 220 30 0.3 2.9
376k-400k 108 252 37 0.4 2.6
401k-425k 98 208 29 0.4 2.8
426k-450k 102 180 21 0.3 3.4
451k-475k 75 169 35 0.4 2.7
476k-500k 100 154 15 0.3 3.9
501k-550k 118 222 39 0.3 3.2
551k-600k 119 150 21 0.2 4.8
601k-650k 79 146 15 0.3 3.2
651k-700k 72 106 15 0.2 4.1
701k-750k 57 85 9 0.2 4
751k-800k 40 78 7 0.3 3.1
801k-850k 39 67 14 0.3 3.5
851k-900k 45 63 8 0.2 4.3
901k-950k 22 37 4 0.3 3.6
951k-1m 37 42 7 0.2 5.3
1m-1.1m 29 43 4 0.2 4
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 25 25 2 0.2 6
1.3m-1.4m 36 27 1 0.1 8
1.4m-1.5m 21 16 5 0.1 7.9
1.5m-1.6m 12 19 2 0.3 3.8
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 9 11 3 0.2 4.9
1.8m-1.9m 10 10 1 0.2 6
1.9m-2m 14 6 2 0.1 14
2m-2.25m 14 11 3 0.1 7.6
2.25m-2.5m 1 8 2 1.3 0.8
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 3 0.1 12
3m-3.5m 6 6 0.2 6
3.5m-4m 9 4 1 0.1 13.5
4m-4.5m 2 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 1 0
14.01m-15m 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 1 7 2 1.2 0.9
226k-250k 9 19 4 0.4 2.8
251k-275k 8 16 2 0.3 3
276k-300k 20 27 3 0.2 4.4
301k-325k 18 28 6 0.3 3.9
326k-350k 27 34 7 0.2 4.8
351k-375k 28 48 6 0.3 3.5
376k-400k 32 49 8 0.3 3.9
401k-425k 26 47 7 0.3 3.3
426k-450k 26 35 4 0.2 4.5
451k-475k 11 13 1 0.2 5.1
476k-500k 12 17 2 0.2 4.2
501k-550k 13 20 2 0.3 3.9
551k-600k 19 26 8 0.2 4.4
601k-650k 13 15 0.2 5.2
651k-700k 9 14 0.3 3.9
701k-750k 3 5 0.3 3.6
751k-800k 1 1 0.2 6
801k-850k 1 1 0.2 6
851k-900k 6 3 0.1 12
901k-950k 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 2 0.3 4
76k-100k 11 10 4 0.2 6.6
101k-125k 24 34 4 0.2 4.2
126k-150k 90 62 9 0.1 8.7
151k-175k 131 112 18 0.1 7
176k-200k 166 125 22 0.1 8
201k-225k 142 85 14 0.1 10
226k-250k 135 93 8 0.1 8.7
251k-275k 80 47 6 0.1 10.2
276k-300k 45 29 3 0.1 9.3
301k-325k 35 15 3 0.1 14
326k-350k 25 21 7 0.1 7.1
351k-375k 16 11 0.1 8.7
376k-400k 16 5 0.1 19.2
401k-425k 6 7 1 0.2 5.1
426k-450k 7 7 0.2 6
451k-475k 5 6 2 0.2 5
476k-500k 10 9 2 0.2 6.7
501k-550k 13 21 4 0.3 3.7
551k-600k 12 5 0.1 14.4
601k-650k 10 5 1 0.1 12
651k-700k 7 3 1 0.1 14
701k-750k 1 5 1 0.8 1.2
751k-800k 1 0
801k-850k 4 0
851k-900k 3 2 2 0.1 9
901k-950k 1 0
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 16 0.2 5.6
26k-50k 140 5 1 0 168
51k-75k 8 21 2 0.4 2.3
76k-100k 45 19 4 0.1 14.2
101k-125k 24 16 1 0.1 9
126k-150k 30 12 2 0.1 15
151k-175k 19 6 2 0.1 19
176k-200k 14 4 2 0 21
201k-225k 8 4 1 0.1 12
226k-250k 10 1 0 60
251k-275k 9 0
276k-300k 13 3 0 26
301k-325k 14 1 0 84
326k-350k 4 1 1 0 24
351k-375k 2 0
376k-400k 6 3 0.1 12
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 3 2 1 0.1 9
601k-650k 15 5 0.1 18
651k-700k 8 3 1 0.1 16
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 2 0
951k-1m 5 0
1m-1.1m 4 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 3 0
1.4m-1.5m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 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
19.01m-20m 1 0
23.01m-24m 1 0