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 1 2 0.3 3
101k-125k 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 3 20 10 1.1 0.9
176k-200k 9 33 6 0.6 1.6
201k-225k 16 40 5 0.4 2.4
226k-250k 29 64 15 0.4 2.7
251k-275k 41 105 13 0.4 2.3
276k-300k 82 142 28 0.3 3.5
301k-325k 93 165 24 0.3 3.4
326k-350k 97 229 35 0.4 2.5
351k-375k 102 225 33 0.4 2.7
376k-400k 110 253 38 0.4 2.6
401k-425k 96 210 30 0.4 2.7
426k-450k 105 183 24 0.3 3.4
451k-475k 77 168 35 0.4 2.8
476k-500k 98 156 19 0.3 3.8
501k-550k 125 226 42 0.3 3.3
551k-600k 121 151 21 0.2 4.8
601k-650k 74 147 17 0.3 3
651k-700k 71 106 13 0.2 4
701k-750k 57 84 7 0.2 4.1
751k-800k 40 77 7 0.3 3.1
801k-850k 37 68 14 0.3 3.3
851k-900k 46 63 8 0.2 4.4
901k-950k 21 38 5 0.3 3.3
951k-1m 38 43 8 0.2 5.3
1m-1.1m 30 44 6 0.2 4.1
1.1m-1.2m 34 25 5 0.1 8.2
1.2m-1.3m 25 26 4 0.2 5.8
1.3m-1.4m 35 27 1 0.1 7.8
1.4m-1.5m 20 15 5 0.1 8
1.5m-1.6m 11 19 2 0.3 3.5
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 10 11 3 0.2 5.5
1.8m-1.9m 8 11 2 0.2 4.4
1.9m-2m 14 6 2 0.1 14
2m-2.25m 14 11 3 0.1 7.6
2.25m-2.5m 2 8 2 0.7 1.5
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 3 0.1 12
3m-3.5m 6 7 1 0.2 5.1
3.5m-4m 8 4 1 0.1 12
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 3 7 2 0.4 2.6
226k-250k 11 19 4 0.3 3.5
251k-275k 7 16 2 0.4 2.6
276k-300k 19 27 3 0.2 4.2
301k-325k 20 26 5 0.2 4.6
326k-350k 26 35 8 0.2 4.5
351k-375k 28 50 7 0.3 3.4
376k-400k 32 53 12 0.3 3.6
401k-425k 29 47 6 0.3 3.7
426k-450k 27 36 4 0.2 4.5
451k-475k 11 14 1 0.2 4.7
476k-500k 11 17 2 0.3 3.9
501k-550k 13 20 3 0.3 3.9
551k-600k 19 26 7 0.2 4.4
601k-650k 13 14 0.2 5.6
651k-700k 9 13 0.2 4.2
701k-750k 3 5 0.3 3.6
751k-800k 2 1 0.1 12
801k-850k 1 1 0.2 6
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 2 0.3 4
76k-100k 11 10 4 0.2 6.6
101k-125k 26 34 3 0.2 4.6
126k-150k 92 64 11 0.1 8.6
151k-175k 125 116 18 0.2 6.5
176k-200k 171 124 19 0.1 8.3
201k-225k 149 83 13 0.1 10.8
226k-250k 136 89 8 0.1 9.2
251k-275k 80 49 7 0.1 9.8
276k-300k 44 29 4 0.1 9.1
301k-325k 34 15 3 0.1 13.6
326k-350k 26 21 6 0.1 7.4
351k-375k 16 13 2 0.1 7.4
376k-400k 13 5 0.1 15.6
401k-425k 7 7 1 0.2 6
426k-450k 7 7 0.2 6
451k-475k 5 5 2 0.2 6
476k-500k 9 9 2 0.2 6
501k-550k 14 22 5 0.3 3.8
551k-600k 12 5 0.1 14.4
601k-650k 11 5 1 0.1 13.2
651k-700k 5 3 1 0.1 10
701k-750k 1 5 1 0.8 1.2
751k-800k 2 0
801k-850k 4 0
851k-900k 3 2 1 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 7 22 3 0.5 1.9
76k-100k 45 19 4 0.1 14.2
101k-125k 23 16 1 0.1 8.6
126k-150k 29 13 3 0.1 13.4
151k-175k 19 6 2 0.1 19
176k-200k 13 4 1 0.1 19.5
201k-225k 8 4 1 0.1 12
226k-250k 11 1 0 66
251k-275k 9 0
276k-300k 13 3 0 26
301k-325k 13 1 0 78
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 4 0 22.5
651k-700k 8 3 1 0.1 16
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 3 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
11.01m-12m 1 0
19.01m-20m 1 0
23.01m-24m 1 0