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 2 1 0.1 12
126k-150k 1 6 1 1
151k-175k 3 20 6 1.1 0.9
176k-200k 12 33 7 0.5 2.2
201k-225k 16 38 7 0.4 2.5
226k-250k 34 59 13 0.3 3.5
251k-275k 44 100 14 0.4 2.6
276k-300k 87 143 25 0.3 3.7
301k-325k 83 165 34 0.3 3
326k-350k 90 225 29 0.4 2.4
351k-375k 101 222 36 0.4 2.7
376k-400k 110 255 36 0.4 2.6
401k-425k 86 210 32 0.4 2.5
426k-450k 101 174 24 0.3 3.5
451k-475k 79 166 25 0.4 2.9
476k-500k 84 153 17 0.3 3.3
501k-550k 125 222 43 0.3 3.4
551k-600k 111 145 22 0.2 4.6
601k-650k 78 138 16 0.3 3.4
651k-700k 61 97 15 0.3 3.8
701k-750k 58 81 11 0.2 4.3
751k-800k 34 69 5 0.3 3
801k-850k 46 60 13 0.2 4.6
851k-900k 45 60 5 0.2 4.5
901k-950k 18 40 8 0.4 2.7
951k-1m 36 41 9 0.2 5.3
1m-1.1m 28 43 7 0.3 3.9
1.1m-1.2m 32 24 4 0.1 8
1.2m-1.3m 24 25 5 0.2 5.8
1.3m-1.4m 30 28 2 0.2 6.4
1.4m-1.5m 21 13 4 0.1 9.7
1.5m-1.6m 11 18 1 0.3 3.7
1.6m-1.7m 9 6 1 0.1 9
1.7m-1.8m 11 10 1 0.2 6.6
1.8m-1.9m 11 8 1 0.1 8.3
1.9m-2m 14 6 1 0.1 14
2m-2.25m 12 10 2 0.1 7.2
2.25m-2.5m 3 7 2 0.4 2.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 3 1 0.1 10
3m-3.5m 6 6 2 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

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 3 1 0.5 2
201k-225k 3 6 1 0.3 3
226k-250k 9 19 4 0.4 2.8
251k-275k 8 18 4 0.4 2.7
276k-300k 21 24 1 0.2 5.3
301k-325k 13 23 2 0.3 3.4
326k-350k 24 34 9 0.2 4.2
351k-375k 27 48 6 0.3 3.4
376k-400k 26 52 13 0.3 3
401k-425k 25 51 6 0.3 2.9
426k-450k 22 29 5 0.2 4.6
451k-475k 8 11 2 0.2 4.4
476k-500k 11 10 2 0.2 6.6
501k-550k 14 22 5 0.3 3.8
551k-600k 19 28 10 0.2 4.1
601k-650k 10 14 1 0.2 4.3
651k-700k 8 11 0.2 4.4
701k-750k 3 5 0.3 3.6
751k-800k 2 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 5 3 0.1 10
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 0.3 4
76k-100k 9 10 4 0.2 5.4
101k-125k 32 34 5 0.2 5.6
126k-150k 85 64 9 0.1 8
151k-175k 115 110 15 0.2 6.3
176k-200k 168 120 17 0.1 8.4
201k-225k 146 73 7 0.1 12
226k-250k 127 89 11 0.1 8.6
251k-275k 73 44 7 0.1 10
276k-300k 47 29 6 0.1 9.7
301k-325k 33 11 1 0.1 18
326k-350k 25 21 6 0.1 7.1
351k-375k 16 12 3 0.1 8
376k-400k 10 4 0.1 15
401k-425k 9 6 1 0.1 9
426k-450k 7 5 0.1 8.4
451k-475k 6 5 2 0.1 7.2
476k-500k 8 10 3 0.2 4.8
501k-550k 14 22 3 0.3 3.8
551k-600k 12 4 0.1 18
601k-650k 9 4 1 0.1 13.5
651k-700k 6 3 1 0.1 12
701k-750k 1 4 0.7 1.5
751k-800k 1 0
801k-850k 4 0
851k-900k 2 2 1 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 0
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

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 17 12 1 0.1 8.5
26k-50k 137 7 2 0 117.4
51k-75k 10 17 1 0.3 3.5
76k-100k 43 21 4 0.1 12.3
101k-125k 22 16 0.1 8.3
126k-150k 25 13 4 0.1 11.5
151k-175k 18 7 2 0.1 15.4
176k-200k 14 4 1 0 21
201k-225k 7 3 0.1 14
226k-250k 12 1 1 0 72
251k-275k 6 0
276k-300k 8 3 0.1 16
301k-325k 11 1 0 66
326k-350k 3 1 1 0.1 18
351k-375k 1 1 1 0.2 6
376k-400k 6 2 0.1 18
401k-425k 4 3 0.1 8
426k-450k 8 1 0 48
451k-475k 3 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 4 1 0 24
601k-650k 15 4 0 22.5
651k-700k 8 2 0 24
701k-750k 7 1 0 42
751k-800k 3 2 0.1 9
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 2 0
951k-1m 5 0
1m-1.1m 2 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 4 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