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 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 2 18 7 1.5 0.7
176k-200k 9 33 7 0.6 1.6
201k-225k 17 38 4 0.4 2.7
226k-250k 28 58 10 0.3 2.9
251k-275k 46 109 16 0.4 2.5
276k-300k 80 149 24 0.3 3.2
301k-325k 82 170 25 0.3 2.9
326k-350k 99 233 32 0.4 2.5
351k-375k 99 224 33 0.4 2.7
376k-400k 114 252 38 0.4 2.7
401k-425k 99 215 25 0.4 2.8
426k-450k 100 180 17 0.3 3.3
451k-475k 82 170 33 0.3 2.9
476k-500k 104 158 19 0.3 3.9
501k-550k 120 217 34 0.3 3.3
551k-600k 126 152 24 0.2 5
601k-650k 81 149 19 0.3 3.3
651k-700k 73 103 11 0.2 4.3
701k-750k 55 88 13 0.3 3.8
751k-800k 46 82 9 0.3 3.4
801k-850k 40 71 14 0.3 3.4
851k-900k 46 62 7 0.2 4.5
901k-950k 22 37 3 0.3 3.6
951k-1m 39 40 7 0.2 5.9
1m-1.1m 29 43 5 0.2 4
1.1m-1.2m 31 22 4 0.1 8.5
1.2m-1.3m 25 26 3 0.2 5.8
1.3m-1.4m 35 30 2 0.1 7
1.4m-1.5m 21 16 4 0.1 7.9
1.5m-1.6m 12 18 1 0.3 4
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 10 10 2 0.2 6
1.8m-1.9m 9 10 1 0.2 5.4
1.9m-2m 14 5 1 0.1 16.8
2m-2.25m 14 10 1 0.1 8.4
2.25m-2.5m 1 9 2 1.5 0.7
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 4 0.1 9
3m-3.5m 6 7 0.2 5.1
3.5m-4m 9 4 0.1 13.5
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 2 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
14.01m-15m 1 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 3 0.5 2
201k-225k 1 7 2 1.2 0.9
226k-250k 9 20 5 0.4 2.7
251k-275k 8 15 2 0.3 3.2
276k-300k 19 26 2 0.2 4.4
301k-325k 19 29 6 0.3 3.9
326k-350k 28 32 5 0.2 5.3
351k-375k 27 47 6 0.3 3.4
376k-400k 27 50 7 0.3 3.2
401k-425k 22 46 8 0.3 2.9
426k-450k 23 36 5 0.3 3.8
451k-475k 13 15 4 0.2 5.2
476k-500k 10 16 2 0.3 3.8
501k-550k 14 20 2 0.2 4.2
551k-600k 21 22 5 0.2 5.7
601k-650k 13 15 0.2 5.2
651k-700k 7 14 0.3 3
701k-750k 6 5 0.1 7.2
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6
851k-900k 5 4 0.1 7.5
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 8 11 5 0.2 4.4
101k-125k 27 35 4 0.2 4.6
126k-150k 88 66 10 0.1 8
151k-175k 129 114 18 0.1 6.8
176k-200k 170 130 19 0.1 7.8
201k-225k 145 92 14 0.1 9.5
226k-250k 132 93 5 0.1 8.5
251k-275k 80 48 6 0.1 10
276k-300k 49 29 5 0.1 10.1
301k-325k 35 15 3 0.1 14
326k-350k 26 19 5 0.1 8.2
351k-375k 18 11 0.1 9.8
376k-400k 16 5 0.1 19.2
401k-425k 4 7 1 0.3 3.4
426k-450k 9 7 0.1 7.7
451k-475k 5 7 2 0.2 4.3
476k-500k 8 8 1 0.2 6
501k-550k 14 21 4 0.3 4
551k-600k 11 5 0.1 13.2
601k-650k 10 4 0.1 15
651k-700k 8 2 0 24
701k-750k 1 5 2 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 0.2 0
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 14 16 2 0.2 5.3
26k-50k 146 5 1 0 175.2
51k-75k 9 22 3 0.4 2.5
76k-100k 47 19 4 0.1 14.8
101k-125k 24 16 1 0.1 9
126k-150k 29 11 1 0.1 15.8
151k-175k 18 5 1 0 21.6
176k-200k 14 4 1 0 21
201k-225k 8 4 1 0.1 12
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 14 3 0 28
301k-325k 14 1 0 84
326k-350k 4 0
351k-375k 2 0
376k-400k 6 4 0.1 9
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 4 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 2 1 0.2 6
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