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 1 0.2 6
76k-100k 2 2 0.2 6
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 9 36 6 0.7 1.5
201k-225k 16 39 5 0.4 2.5
226k-250k 32 65 15 0.3 3
251k-275k 45 102 16 0.4 2.6
276k-300k 81 140 24 0.3 3.5
301k-325k 93 167 27 0.3 3.3
326k-350k 93 226 30 0.4 2.5
351k-375k 103 227 35 0.4 2.7
376k-400k 112 256 31 0.4 2.6
401k-425k 89 208 27 0.4 2.6
426k-450k 103 174 22 0.3 3.6
451k-475k 79 164 32 0.3 2.9
476k-500k 90 155 19 0.3 3.5
501k-550k 128 224 43 0.3 3.4
551k-600k 114 146 21 0.2 4.7
601k-650k 75 146 18 0.3 3.1
651k-700k 66 98 12 0.2 4
701k-750k 57 83 8 0.2 4.1
751k-800k 39 74 7 0.3 3.2
801k-850k 37 65 13 0.3 3.4
851k-900k 46 60 4 0.2 4.6
901k-950k 23 41 9 0.3 3.4
951k-1m 37 42 11 0.2 5.3
1m-1.1m 29 43 4 0.2 4
1.1m-1.2m 34 25 4 0.1 8.2
1.2m-1.3m 25 25 4 0.2 6
1.3m-1.4m 33 28 2 0.1 7.1
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 14 6 1 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 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 20 4 0.4 2.7
251k-275k 7 16 3 0.4 2.6
276k-300k 19 26 2 0.2 4.4
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 30 53 13 0.3 3.4
401k-425k 26 49 7 0.3 3.2
426k-450k 25 35 6 0.2 4.3
451k-475k 9 11 1 0.2 4.9
476k-500k 12 14 2 0.2 5.1
501k-550k 13 22 4 0.3 3.5
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 1 1 0.2 6
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 37 6 0.2 4.5
126k-150k 90 64 7 0.1 8.4
151k-175k 119 109 12 0.2 6.6
176k-200k 178 124 17 0.1 8.6
201k-225k 150 81 9 0.1 11.1
226k-250k 136 91 11 0.1 9
251k-275k 81 45 7 0.1 10.8
276k-300k 45 31 7 0.1 8.7
301k-325k 36 13 2 0.1 16.6
326k-350k 25 22 6 0.1 6.8
351k-375k 17 12 2 0.1 8.5
376k-400k 14 5 0.1 16.8
401k-425k 9 6 1 0.1 9
426k-450k 7 6 0.1 7
451k-475k 4 5 2 0.2 4.8
476k-500k 9 10 3 0.2 5.4
501k-550k 14 21 2 0.3 4
551k-600k 9 4 0.1 13.5
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 15 14 0.2 6.4
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