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 1 7 1 1.2 0.9
151k-175k 2 14 3 1.2 0.9
176k-200k 8 34 10 0.7 1.4
201k-225k 15 39 7 0.4 2.3
226k-250k 26 61 7 0.4 2.6
251k-275k 45 108 15 0.4 2.5
276k-300k 99 150 16 0.3 4
301k-325k 88 172 26 0.3 3.1
326k-350k 102 246 35 0.4 2.5
351k-375k 101 231 34 0.4 2.6
376k-400k 119 261 44 0.4 2.7
401k-425k 92 224 29 0.4 2.5
426k-450k 106 197 23 0.3 3.2
451k-475k 78 166 23 0.4 2.8
476k-500k 118 167 22 0.2 4.2
501k-550k 119 236 32 0.3 3
551k-600k 130 158 24 0.2 4.9
601k-650k 80 154 12 0.3 3.1
651k-700k 80 111 11 0.2 4.3
701k-750k 56 98 11 0.3 3.4
751k-800k 43 82 10 0.3 3.1
801k-850k 48 73 9 0.3 3.9
851k-900k 39 61 10 0.3 3.8
901k-950k 30 40 2 0.2 4.5
951k-1m 41 42 4 0.2 5.9
1m-1.1m 26 43 5 0.3 3.6
1.1m-1.2m 30 26 3 0.1 6.9
1.2m-1.3m 23 30 4 0.2 4.6
1.3m-1.4m 31 32 3 0.2 5.8
1.4m-1.5m 22 13 2 0.1 10.2
1.5m-1.6m 13 20 4 0.3 3.9
1.6m-1.7m 10 8 1 0.1 7.5
1.7m-1.8m 11 8 0.1 8.3
1.8m-1.9m 11 11 2 0.2 6
1.9m-2m 14 5 0.1 16.8
2m-2.25m 13 9 1 0.1 8.7
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 1 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 16 2 0.4 2.6
251k-275k 10 15 3 0.3 4
276k-300k 15 27 3 0.3 3.3
301k-325k 17 27 5 0.3 3.8
326k-350k 30 33 6 0.2 5.5
351k-375k 30 47 5 0.3 3.8
376k-400k 31 50 4 0.3 3.7
401k-425k 25 51 10 0.3 2.9
426k-450k 22 39 4 0.3 3.4
451k-475k 13 17 5 0.2 4.6
476k-500k 11 17 3 0.3 3.9
501k-550k 18 27 4 0.3 4
551k-600k 22 22 7 0.2 6
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 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 38 2 0.3 3.2
126k-150k 77 66 12 0.1 7
151k-175k 136 116 22 0.1 7
176k-200k 167 131 19 0.1 7.6
201k-225k 138 92 9 0.1 9
226k-250k 130 98 10 0.1 8
251k-275k 83 51 8 0.1 9.8
276k-300k 59 32 4 0.1 11.1
301k-325k 35 15 2 0.1 14
326k-350k 25 18 4 0.1 8.3
351k-375k 17 12 1 0.1 8.5
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 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 14 20 2 0.2 4.2
551k-600k 8 6 0.1 8
601k-650k 10 5 1 0.1 12
651k-700k 5 3 0.1 10
701k-750k 3 5 2 0.3 3.6
751k-800k 1 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 24 4 0.7 1.5
76k-100k 48 19 0.1 15.2
101k-125k 23 16 1 0.1 8.6
126k-150k 28 13 0.1 12.9
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 1 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 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 0
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