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 15 4 1.3 0.8
176k-200k 7 34 10 0.8 1.2
201k-225k 14 39 7 0.5 2.2
226k-250k 28 61 7 0.4 2.8
251k-275k 44 108 15 0.4 2.4
276k-300k 95 151 17 0.3 3.8
301k-325k 86 172 27 0.3 3
326k-350k 104 248 37 0.4 2.5
351k-375k 99 233 36 0.4 2.5
376k-400k 120 262 45 0.4 2.7
401k-425k 95 225 30 0.4 2.5
426k-450k 106 198 24 0.3 3.2
451k-475k 78 166 23 0.4 2.8
476k-500k 115 168 23 0.2 4.1
501k-550k 119 238 34 0.3 3
551k-600k 130 158 24 0.2 4.9
601k-650k 79 155 13 0.3 3.1
651k-700k 79 111 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 45 73 9 0.3 3.7
851k-900k 41 61 10 0.2 4
901k-950k 29 40 2 0.2 4.4
951k-1m 40 42 4 0.2 5.7
1m-1.1m 26 44 6 0.3 3.5
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 9 2 0.2 6.7
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 8 16 2 0.3 3
251k-275k 9 15 3 0.3 3.6
276k-300k 15 27 3 0.3 3.3
301k-325k 18 27 5 0.3 4
326k-350k 29 33 6 0.2 5.3
351k-375k 29 48 6 0.3 3.6
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 12 17 3 0.2 4.2
501k-550k 15 27 4 0.3 3.3
551k-600k 22 22 7 0.2 6
601k-650k 13 16 1 0.2 4.9
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 78 68 14 0.1 6.9
151k-175k 133 117 23 0.1 6.8
176k-200k 167 134 22 0.1 7.5
201k-225k 139 93 10 0.1 9
226k-250k 129 98 10 0.1 7.9
251k-275k 83 51 7 0.1 9.8
276k-300k 58 32 4 0.1 10.9
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 11 5 1 0.1 13.2
651k-700k 5 3 0.1 10
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 12 20 3 0.3 3.6
26k-50k 144 4 0 216
51k-75k 6 24 4 0.7 1.5
76k-100k 49 19 0.1 15.5
101k-125k 22 16 1 0.1 8.3
126k-150k 27 13 0.1 12.5
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 3 3 1 0.2 6
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