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 2 2 0.2 6
101k-125k 1 1 0.2 6
126k-150k 2 6 0.5 2
151k-175k 3 20 6 1.1 0.9
176k-200k 9 37 10 0.7 1.5
201k-225k 14 37 7 0.4 2.3
226k-250k 34 62 14 0.3 3.3
251k-275k 44 99 12 0.4 2.7
276k-300k 78 144 23 0.3 3.3
301k-325k 84 167 33 0.3 3
326k-350k 92 229 27 0.4 2.4
351k-375k 98 222 34 0.4 2.6
376k-400k 110 251 32 0.4 2.6
401k-425k 84 212 32 0.4 2.4
426k-450k 101 176 26 0.3 3.4
451k-475k 77 167 24 0.4 2.8
476k-500k 86 153 17 0.3 3.4
501k-550k 128 224 42 0.3 3.4
551k-600k 113 148 23 0.2 4.6
601k-650k 81 137 11 0.3 3.5
651k-700k 63 97 14 0.3 3.9
701k-750k 59 81 10 0.2 4.4
751k-800k 35 69 5 0.3 3
801k-850k 42 59 9 0.2 4.3
851k-900k 47 60 4 0.2 4.7
901k-950k 16 40 6 0.4 2.4
951k-1m 36 40 9 0.2 5.4
1m-1.1m 27 43 7 0.3 3.8
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 26 24 5 0.2 6.5
1.3m-1.4m 28 29 3 0.2 5.8
1.4m-1.5m 21 13 4 0.1 9.7
1.5m-1.6m 10 18 1 0.3 3.3
1.6m-1.7m 10 7 2 0.1 8.6
1.7m-1.8m 10 10 1 0.2 6
1.8m-1.9m 11 8 1 0.1 8.3
1.9m-2m 15 6 1 0.1 15
2m-2.25m 13 10 2 0.1 7.8
2.25m-2.5m 3 7 1 0.4 2.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 6 6 2 0.2 6
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 3 1 1 0.1 18
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 3 3 1 0.2 6
201k-225k 2 7 1 0.6 1.7
226k-250k 9 19 3 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 1 0.3 3.4
326k-350k 24 34 7 0.2 4.2
351k-375k 28 48 5 0.3 3.5
376k-400k 27 52 11 0.3 3.1
401k-425k 25 51 7 0.3 2.9
426k-450k 22 29 5 0.2 4.6
451k-475k 7 12 3 0.3 3.5
476k-500k 11 11 3 0.2 6
501k-550k 13 22 5 0.3 3.5
551k-600k 20 28 9 0.2 4.3
601k-650k 9 14 1 0.3 3.9
651k-700k 8 12 0.3 4
701k-750k 4 6 0.3 4
751k-800k 1 1 0.2 6
801k-850k 1 1 0.2 6
851k-900k 3 3 0.2 6
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 2 0.2 5.4
101k-125k 32 33 5 0.2 5.8
126k-150k 85 65 9 0.1 7.8
151k-175k 121 108 15 0.1 6.7
176k-200k 173 119 16 0.1 8.7
201k-225k 150 74 5 0.1 12.2
226k-250k 129 91 10 0.1 8.5
251k-275k 76 45 7 0.1 10.1
276k-300k 49 29 5 0.1 10.1
301k-325k 33 11 1 0.1 18
326k-350k 28 21 6 0.1 8
351k-375k 15 12 3 0.1 7.5
376k-400k 10 3 0.1 20
401k-425k 8 6 1 0.1 8
426k-450k 7 5 0.1 8.4
451k-475k 6 5 1 0.1 7.2
476k-500k 10 10 3 0.2 6
501k-550k 12 22 3 0.3 3.3
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 2 0
801k-850k 4 0
851k-900k 2 2 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 1 0.3 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
2m-2.25m 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 16 12 1 0.1 8
26k-50k 138 7 2 0 118.3
51k-75k 10 17 1 0.3 3.5
76k-100k 43 21 2 0.1 12.3
101k-125k 22 15 0.1 8.8
126k-150k 25 13 3 0.1 11.5
151k-175k 20 7 2 0.1 17.1
176k-200k 12 4 1 0.1 18
201k-225k 7 3 0.1 14
226k-250k 11 1 1 0 66
251k-275k 8 0
276k-300k 8 3 0.1 16
301k-325k 11 1 0 66
326k-350k 4 1 1 0 24
351k-375k 1 2 2 0.3 3
376k-400k 7 2 0 21
401k-425k 4 3 0.1 8
426k-450k 9 1 0 54
451k-475k 3 0
476k-500k 7 1 1 0 42
501k-550k 5 1 0 30
551k-600k 4 1 0 24
601k-650k 15 3 0 30
651k-700k 8 2 0 24
701k-750k 6 1 0 36
751k-800k 3 2 0.1 9
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 1 0
1.1m-1.2m 4 0
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 2 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 3 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