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 1 0.2 6
126k-150k 1 7 1.2 0.9
151k-175k 4 20 6 0.8 1.2
176k-200k 10 36 6 0.6 1.7
201k-225k 16 39 5 0.4 2.5
226k-250k 34 65 15 0.3 3.1
251k-275k 43 101 15 0.4 2.6
276k-300k 80 138 22 0.3 3.5
301k-325k 92 161 21 0.3 3.4
326k-350k 95 224 28 0.4 2.5
351k-375k 103 223 31 0.4 2.8
376k-400k 113 256 31 0.4 2.6
401k-425k 91 207 26 0.4 2.6
426k-450k 101 174 22 0.3 3.5
451k-475k 75 162 30 0.4 2.8
476k-500k 90 155 19 0.3 3.5
501k-550k 125 222 41 0.3 3.4
551k-600k 116 145 20 0.2 4.8
601k-650k 74 145 17 0.3 3.1
651k-700k 65 98 12 0.3 4
701k-750k 58 83 8 0.2 4.2
751k-800k 40 74 7 0.3 3.2
801k-850k 37 65 13 0.3 3.4
851k-900k 45 60 4 0.2 4.5
901k-950k 23 40 8 0.3 3.5
951k-1m 38 41 10 0.2 5.6
1m-1.1m 29 42 3 0.2 4.1
1.1m-1.2m 33 24 3 0.1 8.3
1.2m-1.3m 24 25 4 0.2 5.8
1.3m-1.4m 33 27 1 0.1 7.3
1.4m-1.5m 19 15 4 0.1 7.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 11 6 0.1 11
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 1 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 5 1 0.1 7.2
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 1 0.4 2.6
226k-250k 9 19 3 0.4 2.8
251k-275k 7 16 3 0.4 2.6
276k-300k 18 26 2 0.2 4.2
301k-325k 18 24 3 0.2 4.5
326k-350k 24 35 7 0.2 4.1
351k-375k 27 51 7 0.3 3.2
376k-400k 29 53 13 0.3 3.3
401k-425k 26 48 6 0.3 3.3
426k-450k 25 35 6 0.2 4.3
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 9 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 0.2 0
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 35 4 0.2 4.8
126k-150k 91 64 7 0.1 8.5
151k-175k 117 108 11 0.2 6.5
176k-200k 180 124 17 0.1 8.7
201k-225k 150 81 9 0.1 11.1
226k-250k 135 91 11 0.1 8.9
251k-275k 81 45 7 0.1 10.8
276k-300k 45 31 7 0.1 8.7
301k-325k 35 14 2 0.1 15
326k-350k 25 22 6 0.1 6.8
351k-375k 17 12 2 0.1 8.5
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 21 2 0.3 4
551k-600k 10 4 0.1 15
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 1 0 139
51k-75k 8 22 1 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 12 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 7 2 0 21
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
1.7m-1.8m 1 0.2 0
1.8m-1.9m 2 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