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 1 1 0.2 6
126k-150k 1 6 1 1
151k-175k 3 21 6 1.2 0.9
176k-200k 10 34 7 0.6 1.8
201k-225k 17 38 5 0.4 2.7
226k-250k 32 60 12 0.3 3.2
251k-275k 41 101 15 0.4 2.4
276k-300k 82 141 22 0.3 3.5
301k-325k 86 170 37 0.3 3
326k-350k 88 226 30 0.4 2.3
351k-375k 101 221 36 0.4 2.7
376k-400k 111 253 34 0.4 2.6
401k-425k 88 210 33 0.4 2.5
426k-450k 98 175 24 0.3 3.4
451k-475k 76 166 24 0.4 2.7
476k-500k 85 154 18 0.3 3.3
501k-550k 124 223 43 0.3 3.3
551k-600k 112 143 20 0.2 4.7
601k-650k 76 139 17 0.3 3.3
651k-700k 61 96 15 0.3 3.8
701k-750k 59 81 10 0.2 4.4
751k-800k 33 72 5 0.4 2.8
801k-850k 44 61 13 0.2 4.3
851k-900k 46 60 5 0.2 4.6
901k-950k 19 40 8 0.4 2.9
951k-1m 35 41 10 0.2 5.1
1m-1.1m 28 44 7 0.3 3.8
1.1m-1.2m 32 24 4 0.1 8
1.2m-1.3m 23 26 5 0.2 5.3
1.3m-1.4m 29 28 2 0.2 6.2
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 2 7 2 0.6 1.7
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 3 1 0.1 10
3m-3.5m 6 5 1 0.1 7.2
3.5m-4m 7 3 1 0.1 14
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 19 5 0.4 2.5
276k-300k 21 24 2 0.2 5.3
301k-325k 13 23 3 0.3 3.4
326k-350k 24 35 9 0.2 4.1
351k-375k 28 49 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 30 5 0.2 4.4
451k-475k 8 12 2 0.3 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 13 0.2 4.6
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 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 0.3 4
76k-100k 9 10 4 0.2 5.4
101k-125k 32 34 6 0.2 5.6
126k-150k 83 64 7 0.1 7.8
151k-175k 119 110 14 0.2 6.5
176k-200k 164 121 17 0.1 8.1
201k-225k 146 73 7 0.1 12
226k-250k 130 90 11 0.1 8.7
251k-275k 73 44 7 0.1 10
276k-300k 49 28 6 0.1 10.5
301k-325k 32 11 1 0.1 17.5
326k-350k 24 21 6 0.1 6.9
351k-375k 16 12 3 0.1 8
376k-400k 10 4 0.1 15
401k-425k 10 6 1 0.1 10
426k-450k 6 5 0.1 7.2
451k-475k 6 5 2 0.1 7.2
476k-500k 8 9 2 0.2 5.3
501k-550k 14 22 3 0.3 3.8
551k-600k 12 4 0.1 18
601k-650k 10 4 1 0.1 15
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 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

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 13 1 0.1 7.8
26k-50k 137 7 2 0 117.4
51k-75k 10 21 1 0.4 2.9
76k-100k 44 21 4 0.1 12.6
101k-125k 22 16 0.1 8.3
126k-150k 26 14 4 0.1 11.1
151k-175k 18 7 3 0.1 15.4
176k-200k 14 4 1 0 21
201k-225k 7 3 0.1 14
226k-250k 12 0
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 1 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