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 1 2 0.3 3
101k-125k 2 0.3 0
126k-150k 1 7 1.2 0.9
151k-175k 3 20 10 1.1 0.9
176k-200k 9 33 6 0.6 1.6
201k-225k 15 41 4 0.5 2.2
226k-250k 29 63 13 0.4 2.8
251k-275k 42 105 13 0.4 2.4
276k-300k 78 141 27 0.3 3.3
301k-325k 89 165 25 0.3 3.2
326k-350k 97 228 34 0.4 2.6
351k-375k 101 226 32 0.4 2.7
376k-400k 107 249 35 0.4 2.6
401k-425k 97 210 32 0.4 2.8
426k-450k 106 182 23 0.3 3.5
451k-475k 77 166 33 0.4 2.8
476k-500k 99 154 17 0.3 3.9
501k-550k 123 224 40 0.3 3.3
551k-600k 120 150 21 0.2 4.8
601k-650k 75 146 16 0.3 3.1
651k-700k 71 106 13 0.2 4
701k-750k 58 84 8 0.2 4.1
751k-800k 40 77 7 0.3 3.1
801k-850k 37 66 13 0.3 3.4
851k-900k 47 63 8 0.2 4.5
901k-950k 21 37 4 0.3 3.4
951k-1m 38 42 7 0.2 5.4
1m-1.1m 29 42 4 0.2 4.1
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 26 24 2 0.2 6.5
1.3m-1.4m 35 27 1 0.1 7.8
1.4m-1.5m 22 15 5 0.1 8.8
1.5m-1.6m 12 19 2 0.3 3.8
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 10 11 3 0.2 5.5
1.8m-1.9m 9 11 2 0.2 4.9
1.9m-2m 14 6 2 0.1 14
2m-2.25m 15 11 3 0.1 8.2
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 3 0.1 12
3m-3.5m 6 7 1 0.2 5.1
3.5m-4m 8 4 1 0.1 12
4m-4.5m 2 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 1 0
14.01m-15m 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 1 2 0.3 3
201k-225k 2 7 2 0.6 1.7
226k-250k 10 19 4 0.3 3.2
251k-275k 8 16 2 0.3 3
276k-300k 19 27 3 0.2 4.2
301k-325k 20 26 5 0.2 4.6
326k-350k 26 35 8 0.2 4.5
351k-375k 28 49 7 0.3 3.4
376k-400k 32 50 9 0.3 3.8
401k-425k 28 47 7 0.3 3.6
426k-450k 27 35 3 0.2 4.6
451k-475k 11 13 1 0.2 5.1
476k-500k 11 17 2 0.3 3.9
501k-550k 14 20 2 0.2 4.2
551k-600k 19 26 8 0.2 4.4
601k-650k 13 15 0.2 5.2
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 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 10 4 0.2 6
101k-125k 25 34 4 0.2 4.4
126k-150k 92 63 10 0.1 8.8
151k-175k 130 113 17 0.1 6.9
176k-200k 166 125 20 0.1 8
201k-225k 149 84 15 0.1 10.6
226k-250k 136 89 8 0.1 9.2
251k-275k 80 48 7 0.1 10
276k-300k 44 29 3 0.1 9.1
301k-325k 34 14 2 0.1 14.6
326k-350k 25 21 7 0.1 7.1
351k-375k 16 12 1 0.1 8
376k-400k 13 5 0.1 15.6
401k-425k 7 7 1 0.2 6
426k-450k 7 7 0.2 6
451k-475k 5 5 2 0.2 6
476k-500k 9 9 2 0.2 6
501k-550k 14 21 4 0.3 4
551k-600k 12 5 0.1 14.4
601k-650k 11 5 1 0.1 13.2
651k-700k 5 3 1 0.1 10
701k-750k 1 5 1 0.8 1.2
751k-800k 2 0
801k-850k 3 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 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 16 0.2 5.6
26k-50k 139 5 1 0 166.8
51k-75k 7 21 2 0.5 2
76k-100k 45 19 4 0.1 14.2
101k-125k 23 16 1 0.1 8.6
126k-150k 30 13 3 0.1 13.8
151k-175k 19 6 2 0.1 19
176k-200k 14 4 1 0 21
201k-225k 8 4 1 0.1 12
226k-250k 10 1 0 60
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 0
376k-400k 6 3 0.1 12
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 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 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 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