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 0.3 0
101k-125k 1 0.2 0
126k-150k 2 7 0.6 1.7
151k-175k 3 18 7 1 1
176k-200k 8 34 9 0.7 1.4
201k-225k 13 39 7 0.5 2
226k-250k 29 60 7 0.3 2.9
251k-275k 43 105 10 0.4 2.5
276k-300k 94 146 15 0.3 3.9
301k-325k 86 166 22 0.3 3.1
326k-350k 100 238 24 0.4 2.5
351k-375k 96 222 26 0.4 2.6
376k-400k 124 259 39 0.3 2.9
401k-425k 96 218 23 0.4 2.6
426k-450k 107 187 16 0.3 3.4
451k-475k 82 168 26 0.3 2.9
476k-500k 103 160 17 0.3 3.9
501k-550k 114 226 29 0.3 3
551k-600k 129 153 18 0.2 5.1
601k-650k 76 146 13 0.3 3.1
651k-700k 74 108 9 0.2 4.1
701k-750k 54 93 9 0.3 3.5
751k-800k 39 78 9 0.3 3
801k-850k 39 67 9 0.3 3.5
851k-900k 41 61 9 0.2 4
901k-950k 27 37 3 0.2 4.4
951k-1m 40 41 5 0.2 5.9
1m-1.1m 25 43 6 0.3 3.5
1.1m-1.2m 29 23 3 0.1 7.6
1.2m-1.3m 26 27 3 0.2 5.8
1.3m-1.4m 32 31 2 0.2 6.2
1.4m-1.5m 23 14 2 0.1 9.9
1.5m-1.6m 13 18 2 0.2 4.3
1.6m-1.7m 10 9 1 0.2 6.7
1.7m-1.8m 11 8 0.1 8.3
1.8m-1.9m 11 11 1 0.2 6
1.9m-2m 15 6 1 0.1 15
2m-2.25m 11 10 1 0.2 6.6
2.25m-2.5m 1 7 1.2 0.9
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 4 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

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 1 6 1 1 1
226k-250k 9 17 2 0.3 3.2
251k-275k 8 15 2 0.3 3.2
276k-300k 15 27 2 0.3 3.3
301k-325k 16 26 3 0.3 3.7
326k-350k 28 33 4 0.2 5.1
351k-375k 30 48 5 0.3 3.8
376k-400k 28 50 4 0.3 3.4
401k-425k 26 45 5 0.3 3.5
426k-450k 20 38 3 0.3 3.2
451k-475k 13 16 4 0.2 4.9
476k-500k 12 17 1 0.2 4.2
501k-550k 15 25 4 0.3 3.6
551k-600k 21 21 5 0.2 6
601k-650k 14 16 0.2 5.3
651k-700k 10 14 0.2 4.3
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
1.6m-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 8 9 2 0.2 5.3
101k-125k 21 38 2 0.3 3.3
126k-150k 80 68 11 0.1 7.1
151k-175k 133 113 17 0.1 7.1
176k-200k 162 130 17 0.1 7.5
201k-225k 134 93 11 0.1 8.6
226k-250k 130 91 7 0.1 8.6
251k-275k 80 48 4 0.1 10
276k-300k 53 30 3 0.1 10.6
301k-325k 36 14 2 0.1 15.4
326k-350k 23 18 4 0.1 7.7
351k-375k 16 12 0.1 8
376k-400k 15 5 0.1 18
401k-425k 3 6 1 0.3 3
426k-450k 7 8 0.2 5.3
451k-475k 5 5 0.2 6
476k-500k 7 8 1 0.2 5.3
501k-550k 15 21 3 0.2 4.3
551k-600k 8 6 0.1 8
601k-650k 10 5 1 0.1 12
651k-700k 5 2 0.1 15
701k-750k 3 5 2 0.3 3.6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 1 1 0.1 12
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 17 2 0.2 4.2
26k-50k 144 5 1 0 172.8
51k-75k 7 25 4 0.6 1.7
76k-100k 49 17 0.1 17.3
101k-125k 23 16 1 0.1 8.6
126k-150k 26 12 0.1 13
151k-175k 20 4 0 30
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 0 84
326k-350k 5 0
351k-375k 2 0
376k-400k 6 4 0.1 9
401k-425k 5 3 1 0.1 10
426k-450k 5 1 0 30
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 0.1 18
651k-700k 7 3 1 0.1 14
701k-750k 8 1 0 48
751k-800k 4 2 0.1 12
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 1 0
951k-1m 4 1 0 24
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 1 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
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
19.01m-20m 1 0
23.01m-24m 1 0