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 3 6 0.3 3
151k-175k 3 19 4 1.1 0.9
176k-200k 9 38 12 0.7 1.4
201k-225k 15 38 8 0.4 2.4
226k-250k 39 60 14 0.3 3.9
251k-275k 48 102 13 0.4 2.8
276k-300k 79 143 21 0.3 3.3
301k-325k 81 166 35 0.3 2.9
326k-350k 97 227 28 0.4 2.6
351k-375k 104 222 31 0.4 2.8
376k-400k 118 246 33 0.3 2.9
401k-425k 81 213 32 0.4 2.3
426k-450k 100 176 26 0.3 3.4
451k-475k 73 167 25 0.4 2.6
476k-500k 84 153 15 0.3 3.3
501k-550k 133 223 39 0.3 3.6
551k-600k 114 148 23 0.2 4.6
601k-650k 84 134 11 0.3 3.8
651k-700k 64 97 14 0.3 4
701k-750k 57 81 10 0.2 4.2
751k-800k 35 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 14 39 6 0.5 2.2
951k-1m 39 39 9 0.2 6
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 25 24 5 0.2 6.3
1.3m-1.4m 30 28 3 0.2 6.4
1.4m-1.5m 21 14 4 0.1 9
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 9 19 2 0.4 2.8
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 27 34 7 0.2 4.8
351k-375k 32 50 7 0.3 3.8
376k-400k 25 51 11 0.3 2.9
401k-425k 26 51 8 0.3 3.1
426k-450k 24 29 5 0.2 5
451k-475k 9 12 3 0.2 4.5
476k-500k 13 11 3 0.1 7.1
501k-550k 14 20 5 0.2 4.2
551k-600k 21 28 9 0.2 4.5
601k-650k 9 14 1 0.3 3.9
651k-700k 8 10 0.2 4.8
701k-750k 5 6 0.2 5
751k-800k 2 2 1 0.2 6
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 10 12 3 0.2 5
101k-125k 32 35 7 0.2 5.5
126k-150k 86 63 9 0.1 8.2
151k-175k 123 108 16 0.1 6.8
176k-200k 173 119 16 0.1 8.7
201k-225k 151 75 6 0.1 12.1
226k-250k 130 91 11 0.1 8.6
251k-275k 77 46 8 0.1 10
276k-300k 52 29 5 0.1 10.8
301k-325k 33 11 1 0.1 18
326k-350k 29 21 5 0.1 8.3
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 13 4 0.1 19.5
601k-650k 8 4 1 0.1 12
651k-700k 7 3 1 0.1 14
701k-750k 1 4 0.7 1.5
751k-800k 2 0
801k-850k 5 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 137 7 2 0 117.4
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 17 8 3 0.1 12.8
176k-200k 12 4 1 0.1 18
201k-225k 7 3 0.1 14
226k-250k 11 1 1 0 66
251k-275k 8 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