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 1 2 0.3 3
101k-125k 2 0.3 0
126k-150k 1 7 1.2 0.9
151k-175k 2 20 10 1.7 0.6
176k-200k 9 33 6 0.6 1.6
201k-225k 14 41 4 0.5 2
226k-250k 29 62 13 0.4 2.8
251k-275k 42 104 12 0.4 2.4
276k-300k 83 141 27 0.3 3.5
301k-325k 88 165 25 0.3 3.2
326k-350k 97 228 34 0.4 2.6
351k-375k 103 222 28 0.4 2.8
376k-400k 108 249 35 0.4 2.6
401k-425k 97 209 31 0.4 2.8
426k-450k 103 182 23 0.3 3.4
451k-475k 76 167 34 0.4 2.7
476k-500k 100 153 16 0.3 3.9
501k-550k 122 224 40 0.3 3.3
551k-600k 121 149 20 0.2 4.9
601k-650k 77 145 15 0.3 3.2
651k-700k 71 105 12 0.2 4.1
701k-750k 57 84 8 0.2 4.1
751k-800k 41 77 7 0.3 3.2
801k-850k 37 66 13 0.3 3.4
851k-900k 46 63 8 0.2 4.4
901k-950k 21 37 4 0.3 3.4
951k-1m 38 42 7 0.2 5.4
1m-1.1m 28 42 4 0.3 4
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 27 24 2 0.1 6.8
1.3m-1.4m 34 27 1 0.1 7.6
1.4m-1.5m 21 15 5 0.1 8.4
1.5m-1.6m 12 19 2 0.3 3.8
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 10 11 3 0.2 5.5
1.8m-1.9m 9 11 2 0.2 4.9
1.9m-2m 14 6 2 0.1 14
2m-2.25m 14 11 3 0.1 7.6
2.25m-2.5m 1 8 2 1.3 0.8
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 3 0.1 12
3m-3.5m 6 7 1 0.2 5.1
3.5m-4m 9 4 1 0.1 13.5
4m-4.5m 2 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 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 2 0.3 3
201k-225k 2 7 2 0.6 1.7
226k-250k 10 19 4 0.3 3.2
251k-275k 8 16 2 0.3 3
276k-300k 19 27 3 0.2 4.2
301k-325k 19 26 5 0.2 4.4
326k-350k 28 34 7 0.2 4.9
351k-375k 28 48 6 0.3 3.5
376k-400k 32 50 9 0.3 3.8
401k-425k 27 47 7 0.3 3.4
426k-450k 26 35 3 0.2 4.5
451k-475k 11 13 1 0.2 5.1
476k-500k 12 17 2 0.2 4.2
501k-550k 13 20 2 0.3 3.9
551k-600k 19 26 8 0.2 4.4
601k-650k 13 15 0.2 5.2
651k-700k 9 13 0.2 4.2
701k-750k 3 5 0.3 3.6
751k-800k 1 1 0.2 6
801k-850k 1 1 0.2 6
851k-900k 6 3 0.1 12
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 6 2 0.3 4
76k-100k 10 10 4 0.2 6
101k-125k 24 34 4 0.2 4.2
126k-150k 90 62 9 0.1 8.7
151k-175k 127 112 16 0.1 6.8
176k-200k 167 124 19 0.1 8.1
201k-225k 145 83 14 0.1 10.5
226k-250k 135 89 8 0.1 9.1
251k-275k 80 47 6 0.1 10.2
276k-300k 44 29 3 0.1 9.1
301k-325k 34 14 2 0.1 14.6
326k-350k 25 21 7 0.1 7.1
351k-375k 17 12 1 0.1 8.5
376k-400k 14 5 0.1 16.8
401k-425k 6 7 1 0.2 5.1
426k-450k 7 7 0.2 6
451k-475k 5 5 2 0.2 6
476k-500k 10 9 2 0.2 6.7
501k-550k 14 21 4 0.3 4
551k-600k 12 5 0.1 14.4
601k-650k 11 5 1 0.1 13.2
651k-700k 6 3 1 0.1 12
701k-750k 1 5 1 0.8 1.2
751k-800k 1 0
801k-850k 4 0
851k-900k 3 2 2 0.1 9
901k-950k 1 0
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
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 15 16 0.2 5.6
26k-50k 139 5 1 0 166.8
51k-75k 7 21 2 0.5 2
76k-100k 45 19 4 0.1 14.2
101k-125k 23 16 1 0.1 8.6
126k-150k 30 12 2 0.1 15
151k-175k 19 6 2 0.1 19
176k-200k 14 4 1 0 21
201k-225k 8 4 1 0.1 12
226k-250k 10 1 0 60
251k-275k 9 0
276k-300k 13 3 0 26
301k-325k 14 1 0 84
326k-350k 4 1 1 0 24
351k-375k 2 0
376k-400k 6 3 0.1 12
401k-425k 5 3 0.1 10
426k-450k 8 1 0 48
451k-475k 3 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 3 2 1 0.1 9
601k-650k 15 5 0.1 18
651k-700k 8 3 1 0.1 16
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 2 3 0.3 4
851k-900k 1 0
901k-950k 2 0
951k-1m 5 0
1m-1.1m 4 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 3 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 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