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 1 0.3 3
101k-125k 1 0.2 0
126k-150k 1 8 2 1.3 0.8
151k-175k 2 14 4 1.2 0.9
176k-200k 10 36 11 0.6 1.7
201k-225k 15 40 8 0.4 2.3
226k-250k 25 63 9 0.4 2.4
251k-275k 46 110 14 0.4 2.5
276k-300k 96 151 20 0.3 3.8
301k-325k 88 172 31 0.3 3.1
326k-350k 101 254 42 0.4 2.4
351k-375k 100 238 38 0.4 2.5
376k-400k 118 265 48 0.4 2.7
401k-425k 96 228 33 0.4 2.5
426k-450k 103 202 31 0.3 3.1
451k-475k 78 174 25 0.4 2.7
476k-500k 116 173 27 0.2 4
501k-550k 122 246 38 0.3 3
551k-600k 130 163 27 0.2 4.8
601k-650k 80 156 14 0.3 3.1
651k-700k 80 115 14 0.2 4.2
701k-750k 58 102 13 0.3 3.4
751k-800k 43 85 12 0.3 3
801k-850k 48 76 10 0.3 3.8
851k-900k 41 62 11 0.3 4
901k-950k 29 43 2 0.2 4
951k-1m 41 43 4 0.2 5.7
1m-1.1m 26 45 5 0.3 3.5
1.1m-1.2m 31 26 2 0.1 7.2
1.2m-1.3m 25 32 5 0.2 4.7
1.3m-1.4m 31 34 3 0.2 5.5
1.4m-1.5m 20 13 2 0.1 9.2
1.5m-1.6m 12 21 4 0.3 3.4
1.6m-1.7m 11 8 1 0.1 8.3
1.7m-1.8m 11 10 0.2 6.6
1.8m-1.9m 12 11 3 0.2 6.5
1.9m-2m 15 5 0.1 18
2m-2.25m 14 9 1 0.1 9.3
2.25m-2.5m 1 7 1 1.2 0.9
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 4 1 0.1 9
3m-3.5m 5 7 0.2 4.3
3.5m-4m 7 4 0.1 10.5
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 1 1 0.2 6
6.01m-7m 2 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
14.01m-15m 1 0
15.01m-16m 1 0
19.01m-20m 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 2 0.3 0
176k-200k 1 3 1 0.5 2
201k-225k 3 5 2 0.3 3.6
226k-250k 7 18 3 0.4 2.3
251k-275k 10 15 4 0.3 4
276k-300k 16 28 4 0.3 3.4
301k-325k 17 27 6 0.3 3.8
326k-350k 31 33 7 0.2 5.6
351k-375k 30 49 7 0.3 3.7
376k-400k 30 54 5 0.3 3.3
401k-425k 24 55 11 0.4 2.6
426k-450k 22 44 4 0.3 3
451k-475k 13 18 5 0.2 4.3
476k-500k 11 18 3 0.3 3.7
501k-550k 18 28 4 0.3 3.9
551k-600k 21 23 7 0.2 5.5
601k-650k 14 16 1 0.2 5.3
651k-700k 9 15 0.3 3.6
701k-750k 7 5 0.1 8.4
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 5 4 1 0.1 7.5
901k-950k 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.7m-1.8m 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 5 0.2 4.8
76k-100k 11 9 2 0.1 7.3
101k-125k 20 39 2 0.3 3.1
126k-150k 75 68 13 0.2 6.6
151k-175k 138 125 24 0.2 6.6
176k-200k 168 135 20 0.1 7.5
201k-225k 138 95 10 0.1 8.7
226k-250k 130 104 12 0.1 7.5
251k-275k 82 52 9 0.1 9.5
276k-300k 59 33 4 0.1 10.7
301k-325k 35 17 2 0.1 12.4
326k-350k 25 19 4 0.1 7.9
351k-375k 18 13 1 0.1 8.3
376k-400k 16 6 1 0.1 16
401k-425k 3 7 1 0.4 2.6
426k-450k 9 8 0.1 6.8
451k-475k 5 5 1 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 15 20 3 0.2 4.5
551k-600k 9 6 0.1 9
601k-650k 10 5 1 0.1 12
651k-700k 4 3 0.1 8
701k-750k 3 5 2 0.3 3.6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 1 0.2 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
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 20 3 0.2 4.2
26k-50k 147 4 0 220.5
51k-75k 6 25 4 0.7 1.4
76k-100k 49 19 1 0.1 15.5
101k-125k 23 16 2 0.1 8.6
126k-150k 29 13 2 0.1 13.4
151k-175k 21 4 1 0 31.5
176k-200k 14 4 3 0 21
201k-225k 7 3 0.1 14
226k-250k 12 1 0 72
251k-275k 10 0
276k-300k 13 3 1 0 26
301k-325k 14 1 1 0 84
326k-350k 5 0
351k-375k 3 0
376k-400k 6 4 0.1 9
401k-425k 4 3 2 0.1 8
426k-450k 6 2 0.1 18
451k-475k 2 1 0.1 12
476k-500k 9 0
501k-550k 7 1 0 42
551k-600k 3 3 1 0.2 6
601k-650k 15 5 1 0.1 18
651k-700k 7 2 0 21
701k-750k 8 1 0 48
751k-800k 4 2 1 0.1 12
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 1 0
951k-1m 5 1 0 30
1m-1.1m 5 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.4m-1.5m 3 1 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 0.1 12
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 2 1 0.1 12
2.75m-3m 2 0
3m-3.5m 5 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
19.01m-20m 1 0
23.01m-24m 1 0