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 2 1.2 0.9
151k-175k 2 14 3 1.2 0.9
176k-200k 8 34 11 0.7 1.4
201k-225k 15 40 8 0.4 2.3
226k-250k 26 62 7 0.4 2.5
251k-275k 45 110 15 0.4 2.5
276k-300k 99 151 18 0.3 3.9
301k-325k 88 173 28 0.3 3.1
326k-350k 102 250 37 0.4 2.4
351k-375k 100 236 38 0.4 2.5
376k-400k 118 263 46 0.4 2.7
401k-425k 95 227 32 0.4 2.5
426k-450k 104 200 28 0.3 3.1
451k-475k 78 168 24 0.4 2.8
476k-500k 119 171 24 0.2 4.2
501k-550k 121 240 34 0.3 3
551k-600k 130 159 26 0.2 4.9
601k-650k 80 155 13 0.3 3.1
651k-700k 80 113 13 0.2 4.2
701k-750k 56 98 12 0.3 3.4
751k-800k 43 83 10 0.3 3.1
801k-850k 48 73 9 0.3 3.9
851k-900k 40 61 10 0.3 3.9
901k-950k 30 41 2 0.2 4.4
951k-1m 41 42 4 0.2 5.9
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 31 4 0.2 4.5
1.3m-1.4m 31 33 3 0.2 5.6
1.4m-1.5m 21 13 2 0.1 9.7
1.5m-1.6m 12 20 4 0.3 3.6
1.6m-1.7m 11 8 1 0.1 8.3
1.7m-1.8m 11 9 0.1 7.3
1.8m-1.9m 12 11 2 0.2 6.5
1.9m-2m 14 5 0.1 16.8
2m-2.25m 14 9 1 0.1 9.3
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 28 4 0.3 3.2
301k-325k 17 27 5 0.3 3.8
326k-350k 31 33 7 0.2 5.6
351k-375k 30 48 6 0.3 3.8
376k-400k 31 52 5 0.3 3.6
401k-425k 25 52 10 0.3 2.9
426k-450k 22 40 4 0.3 3.3
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 76 66 13 0.1 6.9
151k-175k 138 120 23 0.1 6.9
176k-200k 166 133 19 0.1 7.5
201k-225k 138 95 10 0.1 8.7
226k-250k 129 102 10 0.1 7.6
251k-275k 83 52 8 0.1 9.6
276k-300k 58 32 4 0.1 10.9
301k-325k 35 15 2 0.1 14
326k-350k 25 19 4 0.1 7.9
351k-375k 18 13 1 0.1 8.3
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 1 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 15 20 3 0.2 4.5
551k-600k 8 6 0.1 8
601k-650k 9 5 1 0.1 10.8
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 25 4 0.7 1.4
76k-100k 48 19 1 0.1 15.2
101k-125k 23 16 1 0.1 8.6
126k-150k 28 13 1 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 2 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 1 0.1 18
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