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 1 2 0.3 3
101k-125k 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 4 20 9 0.8 1.2
176k-200k 9 34 4 0.6 1.6
201k-225k 16 39 5 0.4 2.5
226k-250k 31 65 16 0.3 2.9
251k-275k 42 103 15 0.4 2.4
276k-300k 81 139 22 0.3 3.5
301k-325k 93 161 21 0.3 3.5
326k-350k 98 226 30 0.4 2.6
351k-375k 105 226 35 0.4 2.8
376k-400k 111 257 33 0.4 2.6
401k-425k 90 208 27 0.4 2.6
426k-450k 101 178 24 0.3 3.4
451k-475k 76 162 35 0.4 2.8
476k-500k 96 154 18 0.3 3.7
501k-550k 124 220 41 0.3 3.4
551k-600k 118 149 21 0.2 4.8
601k-650k 75 145 18 0.3 3.1
651k-700k 67 102 12 0.3 3.9
701k-750k 58 83 9 0.2 4.2
751k-800k 40 76 7 0.3 3.2
801k-850k 36 67 13 0.3 3.2
851k-900k 46 62 5 0.2 4.5
901k-950k 23 42 9 0.3 3.3
951k-1m 38 41 10 0.2 5.6
1m-1.1m 29 42 4 0.2 4.1
1.1m-1.2m 33 24 4 0.1 8.3
1.2m-1.3m 27 25 4 0.2 6.5
1.3m-1.4m 32 28 1 0.1 6.9
1.4m-1.5m 19 15 5 0.1 7.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 11 7 0.1 9.4
1.7m-1.8m 10 10 3 0.2 6
1.8m-1.9m 8 11 1 0.2 4.4
1.9m-2m 13 6 2 0.1 13
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 2 0.1 18
3m-3.5m 6 6 1 0.2 6
3.5m-4m 8 3 1 0.1 16
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
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 2 0.3 3
201k-225k 3 7 2 0.4 2.6
226k-250k 9 19 4 0.4 2.8
251k-275k 7 16 3 0.4 2.6
276k-300k 18 26 3 0.2 4.2
301k-325k 18 24 3 0.2 4.5
326k-350k 25 35 7 0.2 4.3
351k-375k 28 51 8 0.3 3.3
376k-400k 29 54 13 0.3 3.2
401k-425k 27 48 6 0.3 3.4
426k-450k 26 37 6 0.2 4.2
451k-475k 9 11 1 0.2 4.9
476k-500k 11 14 2 0.2 4.7
501k-550k 13 20 2 0.3 3.9
551k-600k 20 29 8 0.2 4.1
601k-650k 10 13 0.2 4.6
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 10 9 3 0.2 6.7
101k-125k 28 34 4 0.2 4.9
126k-150k 91 64 10 0.1 8.5
151k-175k 120 112 13 0.2 6.4
176k-200k 173 124 16 0.1 8.4
201k-225k 151 83 12 0.1 10.9
226k-250k 132 90 10 0.1 8.8
251k-275k 81 46 8 0.1 10.6
276k-300k 46 29 5 0.1 9.5
301k-325k 35 14 2 0.1 15
326k-350k 26 22 6 0.1 7.1
351k-375k 17 13 2 0.1 7.8
376k-400k 13 5 0.1 15.6
401k-425k 8 6 1 0.1 8
426k-450k 7 6 0.1 7
451k-475k 5 5 2 0.2 6
476k-500k 9 9 2 0.2 6
501k-550k 14 22 3 0.3 3.8
551k-600k 11 4 0.1 16.5
601k-650k 11 4 1 0.1 16.5
651k-700k 5 3 1 0.1 10
701k-750k 1 5 0.8 1.2
751k-800k 2 0
801k-850k 4 0
851k-900k 2 2 1 0.2 6
901k-950k 1 0
951k-1m 2 1 0.1 12
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 14 14 0.2 6
26k-50k 139 6 2 0 139
51k-75k 8 22 2 0.5 2.2
76k-100k 45 20 5 0.1 13.5
101k-125k 22 16 1 0.1 8.3
126k-150k 29 13 3 0.1 13.4
151k-175k 18 7 3 0.1 15.4
176k-200k 13 4 1 0.1 19.5
201k-225k 8 4 1 0.1 12
226k-250k 11 0
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 1 1 0.1 12
376k-400k 6 2 0.1 18
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 1 0.1 18
601k-650k 15 4 0 22.5
651k-700k 8 2 1 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 3 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 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