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 2 1 0.3 0
101k-125k 1 0.2 0
126k-150k 2 7 0.6 1.7
151k-175k 3 18 7 1 1
176k-200k 8 34 10 0.7 1.4
201k-225k 13 39 7 0.5 2
226k-250k 29 60 8 0.3 2.9
251k-275k 43 105 11 0.4 2.5
276k-300k 93 146 15 0.3 3.8
301k-325k 86 166 23 0.3 3.1
326k-350k 100 238 27 0.4 2.5
351k-375k 97 223 31 0.4 2.6
376k-400k 123 259 41 0.4 2.8
401k-425k 95 218 25 0.4 2.6
426k-450k 107 188 17 0.3 3.4
451k-475k 82 168 27 0.3 2.9
476k-500k 104 160 20 0.3 3.9
501k-550k 114 226 29 0.3 3
551k-600k 130 152 20 0.2 5.1
601k-650k 76 146 13 0.3 3.1
651k-700k 75 107 8 0.2 4.2
701k-750k 55 93 9 0.3 3.5
751k-800k 39 78 10 0.3 3
801k-850k 40 67 9 0.3 3.6
851k-900k 40 61 9 0.3 3.9
901k-950k 28 37 3 0.2 4.5
951k-1m 40 41 5 0.2 5.9
1m-1.1m 25 43 6 0.3 3.5
1.1m-1.2m 29 23 3 0.1 7.6
1.2m-1.3m 26 27 4 0.2 5.8
1.3m-1.4m 32 31 2 0.2 6.2
1.4m-1.5m 23 14 2 0.1 9.9
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 10 9 2 0.2 6.7
1.7m-1.8m 11 8 0.1 8.3
1.8m-1.9m 11 11 1 0.2 6
1.9m-2m 15 6 1 0.1 15
2m-2.25m 10 10 1 0.2 6
2.25m-2.5m 1 7 1.2 0.9
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 4 0.1 9
3m-3.5m 6 7 0.2 5.1
3.5m-4m 6 4 0.1 9
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 1 1 0.2 6
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 3 0.5 2
201k-225k 1 6 2 1 1
226k-250k 9 17 2 0.3 3.2
251k-275k 8 15 2 0.3 3.2
276k-300k 16 27 2 0.3 3.6
301k-325k 15 26 4 0.3 3.5
326k-350k 27 33 4 0.2 4.9
351k-375k 31 48 5 0.3 3.9
376k-400k 28 50 4 0.3 3.4
401k-425k 26 45 6 0.3 3.5
426k-450k 20 38 3 0.3 3.2
451k-475k 13 16 5 0.2 4.9
476k-500k 12 17 1 0.2 4.2
501k-550k 15 25 4 0.3 3.6
551k-600k 22 21 5 0.2 6.3
601k-650k 14 16 0.2 5.3
651k-700k 10 14 0.2 4.3
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 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
1.6m-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 5 0.2 4.8
76k-100k 8 9 2 0.2 5.3
101k-125k 21 38 2 0.3 3.3
126k-150k 80 68 11 0.1 7.1
151k-175k 134 113 18 0.1 7.1
176k-200k 163 130 17 0.1 7.5
201k-225k 135 93 12 0.1 8.7
226k-250k 130 91 7 0.1 8.6
251k-275k 80 48 6 0.1 10
276k-300k 53 30 3 0.1 10.6
301k-325k 36 14 2 0.1 15.4
326k-350k 23 18 4 0.1 7.7
351k-375k 16 12 0.1 8
376k-400k 14 5 0.1 16.8
401k-425k 3 6 1 0.3 3
426k-450k 8 8 0.2 6
451k-475k 5 5 0.2 6
476k-500k 7 7 0.2 6
501k-550k 15 21 3 0.2 4.3
551k-600k 8 6 0.1 8
601k-650k 10 5 1 0.1 12
651k-700k 5 2 0.1 15
701k-750k 3 5 2 0.3 3.6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 1 1 0.1 12
901k-950k 1 0
951k-1m 2 1 0.1 12
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 12 17 3 0.2 4.2
26k-50k 144 5 1 0 172.8
51k-75k 7 25 5 0.6 1.7
76k-100k 50 17 0.1 17.6
101k-125k 22 15 0.1 8.8
126k-150k 26 12 0.1 13
151k-175k 21 4 0 31.5
176k-200k 13 4 3 0.1 19.5
201k-225k 7 3 0.1 14
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 13 3 1 0 26
301k-325k 14 1 0 84
326k-350k 5 0
351k-375k 2 0
376k-400k 6 4 0.1 9
401k-425k 4 3 1 0.1 8
426k-450k 6 1 0 36
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 6 3 1 0.1 12
701k-750k 8 1 0 48
751k-800k 4 2 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 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 1 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
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
19.01m-20m 1 0
23.01m-24m 1 0