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 2 7 1 0.6 1.7
151k-175k 3 18 7 1 1
176k-200k 8 36 11 0.8 1.3
201k-225k 13 39 7 0.5 2
226k-250k 28 64 8 0.4 2.6
251k-275k 44 107 14 0.4 2.5
276k-300k 93 153 18 0.3 3.6
301k-325k 88 172 28 0.3 3.1
326k-350k 100 248 36 0.4 2.4
351k-375k 99 231 37 0.4 2.6
376k-400k 123 265 45 0.4 2.8
401k-425k 96 227 28 0.4 2.5
426k-450k 105 199 23 0.3 3.2
451k-475k 82 176 28 0.4 2.8
476k-500k 108 168 23 0.3 3.9
501k-550k 115 238 37 0.3 2.9
551k-600k 130 158 25 0.2 4.9
601k-650k 74 154 14 0.3 2.9
651k-700k 75 111 9 0.2 4.1
701k-750k 55 98 11 0.3 3.4
751k-800k 41 81 10 0.3 3
801k-850k 43 70 9 0.3 3.7
851k-900k 41 61 10 0.2 4
901k-950k 30 40 3 0.2 4.5
951k-1m 39 43 4 0.2 5.4
1m-1.1m 26 44 6 0.3 3.5
1.1m-1.2m 28 26 3 0.2 6.5
1.2m-1.3m 24 28 5 0.2 5.1
1.3m-1.4m 33 32 2 0.2 6.2
1.4m-1.5m 23 14 3 0.1 9.9
1.5m-1.6m 14 20 2 0.2 4.2
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 15 6 1 0.1 15
2m-2.25m 12 10 1 0.1 7.2
2.25m-2.5m 1 7 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 6 7 0.2 5.1
3.5m-4m 6 4 0.1 9
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
9.01m-10m 1 0
14.01m-15m 2 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 1 2 0.3 3
176k-200k 1 3 0.5 2
201k-225k 2 6 2 0.5 2
226k-250k 9 17 3 0.3 3.2
251k-275k 8 15 3 0.3 3.2
276k-300k 16 28 4 0.3 3.4
301k-325k 17 27 4 0.3 3.8
326k-350k 29 33 5 0.2 5.3
351k-375k 31 49 5 0.3 3.8
376k-400k 28 51 5 0.3 3.3
401k-425k 25 49 8 0.3 3.1
426k-450k 20 39 4 0.3 3.1
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 6 0.2 6
601k-650k 14 16 1 0.2 5.3
651k-700k 10 15 0.3 4
701k-750k 7 5 1 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
1.6m-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 5 0.2 4.8
76k-100k 9 9 2 0.2 6
101k-125k 21 39 3 0.3 3.2
126k-150k 82 69 13 0.1 7.1
151k-175k 134 120 22 0.1 6.7
176k-200k 171 135 20 0.1 7.6
201k-225k 139 95 12 0.1 8.8
226k-250k 133 96 8 0.1 8.3
251k-275k 82 51 6 0.1 9.6
276k-300k 56 32 4 0.1 10.5
301k-325k 38 14 2 0.1 16.3
326k-350k 23 18 4 0.1 7.7
351k-375k 16 12 0.1 8
376k-400k 15 6 1 0.1 15
401k-425k 3 6 1 0.3 3
426k-450k 8 8 0.2 6
451k-475k 5 5 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 15 21 3 0.2 4.3
551k-600k 9 6 0.1 9
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 2 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 2 1 0.1 12
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 5 1 0 172.8
51k-75k 7 25 5 0.6 1.7
76k-100k 50 18 0.1 16.7
101k-125k 23 16 0.1 8.6
126k-150k 27 12 0.1 13.5
151k-175k 21 4 1 0 31.5
176k-200k 13 4 3 0.1 19.5
201k-225k 7 3 0.1 14
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 13 3 1 0 26
301k-325k 14 1 1 0 84
326k-350k 5 0
351k-375k 2 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 6 3 1 0.1 12
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 4 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