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 7 0.8 1.2
176k-200k 9 36 6 0.7 1.5
201k-225k 16 39 5 0.4 2.5
226k-250k 34 65 16 0.3 3.1
251k-275k 42 102 15 0.4 2.5
276k-300k 81 138 22 0.3 3.5
301k-325k 92 161 22 0.3 3.4
326k-350k 96 223 29 0.4 2.6
351k-375k 103 223 31 0.4 2.8
376k-400k 113 257 34 0.4 2.6
401k-425k 92 208 27 0.4 2.7
426k-450k 100 176 23 0.3 3.4
451k-475k 76 162 35 0.4 2.8
476k-500k 91 156 19 0.3 3.5
501k-550k 125 222 42 0.3 3.4
551k-600k 116 146 21 0.2 4.8
601k-650k 74 145 18 0.3 3.1
651k-700k 66 100 12 0.3 4
701k-750k 59 83 8 0.2 4.3
751k-800k 40 75 7 0.3 3.2
801k-850k 37 67 13 0.3 3.3
851k-900k 45 61 4 0.2 4.4
901k-950k 23 42 9 0.3 3.3
951k-1m 37 41 10 0.2 5.4
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 6 1 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
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 2 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 25 35 7 0.2 4.3
351k-375k 27 51 7 0.3 3.2
376k-400k 29 54 13 0.3 3.2
401k-425k 26 48 6 0.3 3.3
426k-450k 25 37 6 0.2 4.1
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 28 8 0.2 4.3
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 5 0.2 4.8
126k-150k 91 64 7 0.1 8.5
151k-175k 119 110 13 0.2 6.5
176k-200k 180 125 17 0.1 8.6
201k-225k 150 81 10 0.1 11.1
226k-250k 135 91 11 0.1 8.9
251k-275k 81 46 8 0.1 10.6
276k-300k 45 31 7 0.1 8.7
301k-325k 35 14 2 0.1 15
326k-350k 26 22 6 0.1 7.1
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 22 2 0.3 3.8
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 2 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