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 0.2 0
76k-100k 3 2 0.1 9
101k-125k 1 1 0.2 6
126k-150k 2 6 0.5 2
151k-175k 3 19 4 1.1 0.9
176k-200k 10 38 12 0.6 1.6
201k-225k 14 38 8 0.5 2.2
226k-250k 36 60 14 0.3 3.6
251k-275k 47 102 13 0.4 2.8
276k-300k 79 143 21 0.3 3.3
301k-325k 83 164 33 0.3 3
326k-350k 95 227 28 0.4 2.5
351k-375k 103 221 30 0.4 2.8
376k-400k 114 245 32 0.4 2.8
401k-425k 82 213 32 0.4 2.3
426k-450k 100 176 26 0.3 3.4
451k-475k 75 167 25 0.4 2.7
476k-500k 85 153 15 0.3 3.3
501k-550k 130 223 39 0.3 3.5
551k-600k 116 147 22 0.2 4.7
601k-650k 83 134 11 0.3 3.7
651k-700k 64 97 14 0.3 4
701k-750k 58 81 10 0.2 4.3
751k-800k 34 69 6 0.3 3
801k-850k 43 59 8 0.2 4.4
851k-900k 45 60 4 0.2 4.5
901k-950k 15 39 6 0.4 2.3
951k-1m 37 39 9 0.2 5.7
1m-1.1m 25 42 7 0.3 3.6
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 26 24 5 0.2 6.5
1.3m-1.4m 28 28 3 0.2 6
1.4m-1.5m 21 13 3 0.1 9.7
1.5m-1.6m 10 18 1 0.3 3.3
1.6m-1.7m 11 7 2 0.1 9.4
1.7m-1.8m 11 10 1 0.2 6.6
1.8m-1.9m 11 7 1 0.1 9.4
1.9m-2m 15 6 1 0.1 15
2m-2.25m 14 10 2 0.1 8.4
2.25m-2.5m 3 7 1 0.4 2.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 4 4 2 0.2 6
3m-3.5m 6 6 2 0.2 6
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 3 1 1 0.1 18
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 4 3 1 0.1 8
201k-225k 1 7 1 1.2 0.9
226k-250k 10 19 2 0.3 3.2
251k-275k 8 18 4 0.4 2.7
276k-300k 22 25 2 0.2 5.3
301k-325k 13 24 2 0.3 3.3
326k-350k 26 34 7 0.2 4.6
351k-375k 30 50 7 0.3 3.6
376k-400k 25 51 11 0.3 2.9
401k-425k 26 50 7 0.3 3.1
426k-450k 23 29 5 0.2 4.8
451k-475k 9 12 3 0.2 4.5
476k-500k 13 11 3 0.1 7.1
501k-550k 13 20 5 0.3 3.9
551k-600k 20 28 9 0.2 4.3
601k-650k 10 14 1 0.2 4.3
651k-700k 8 10 0.2 4.8
701k-750k 4 6 0.3 4
751k-800k 2 1 0.1 12
801k-850k 2 1 0.1 12
851k-900k 2 3 0.3 4
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 7 1 0.3 3.4
76k-100k 9 11 2 0.2 4.9
101k-125k 32 35 7 0.2 5.5
126k-150k 86 63 9 0.1 8.2
151k-175k 122 108 16 0.1 6.8
176k-200k 170 119 16 0.1 8.6
201k-225k 153 75 6 0.1 12.2
226k-250k 132 90 10 0.1 8.8
251k-275k 77 46 8 0.1 10
276k-300k 51 29 5 0.1 10.6
301k-325k 33 11 1 0.1 18
326k-350k 28 21 5 0.1 8
351k-375k 14 12 3 0.1 7
376k-400k 10 3 0.1 20
401k-425k 8 6 0.1 8
426k-450k 7 5 0.1 8.4
451k-475k 6 5 1 0.1 7.2
476k-500k 10 10 3 0.2 6
501k-550k 12 23 4 0.3 3.1
551k-600k 12 4 0.1 18
601k-650k 9 4 1 0.1 13.5
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 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 1 0
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 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 16 12 1 0.1 8
26k-50k 138 7 2 0 118.3
51k-75k 10 17 1 0.3 3.5
76k-100k 42 20 1 0.1 12.6
101k-125k 21 15 0.1 8.4
126k-150k 26 13 3 0.1 12
151k-175k 18 7 2 0.1 15.4
176k-200k 12 4 1 0.1 18
201k-225k 7 3 0.1 14
226k-250k 11 1 1 0 66
251k-275k 7 0
276k-300k 9 3 0.1 18
301k-325k 11 1 0 66
326k-350k 4 1 1 0 24
351k-375k 1 2 2 0.3 3
376k-400k 7 2 0 21
401k-425k 4 3 0.1 8
426k-450k 9 1 0 54
451k-475k 3 0
476k-500k 7 1 1 0 42
501k-550k 5 1 0 30
551k-600k 4 1 0 24
601k-650k 15 3 0 30
651k-700k 8 2 0 24
701k-750k 6 1 0 36
751k-800k 3 2 0.1 9
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 1 0
1.1m-1.2m 4 0
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 2 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 3 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