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 29 64 8 0.4 2.7
251k-275k 43 107 13 0.4 2.4
276k-300k 94 151 18 0.3 3.7
301k-325k 86 171 29 0.3 3
326k-350k 100 246 32 0.4 2.4
351k-375k 97 226 36 0.4 2.6
376k-400k 123 263 44 0.4 2.8
401k-425k 95 224 26 0.4 2.5
426k-450k 108 198 20 0.3 3.3
451k-475k 82 173 28 0.4 2.8
476k-500k 105 167 21 0.3 3.8
501k-550k 115 236 32 0.3 2.9
551k-600k 131 157 22 0.2 5
601k-650k 76 150 14 0.3 3
651k-700k 75 110 9 0.2 4.1
701k-750k 55 97 11 0.3 3.4
751k-800k 41 81 10 0.3 3
801k-850k 42 68 9 0.3 3.7
851k-900k 41 61 10 0.2 4
901k-950k 29 40 3 0.2 4.4
951k-1m 40 44 5 0.2 5.5
1m-1.1m 25 43 6 0.3 3.5
1.1m-1.2m 29 26 3 0.1 6.7
1.2m-1.3m 26 27 4 0.2 5.8
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 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 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 1 6 2 1 1
226k-250k 9 17 3 0.3 3.2
251k-275k 8 15 3 0.3 3.2
276k-300k 16 27 4 0.3 3.6
301k-325k 16 27 4 0.3 3.6
326k-350k 29 33 5 0.2 5.3
351k-375k 31 48 5 0.3 3.9
376k-400k 28 51 4 0.3 3.3
401k-425k 26 49 8 0.3 3.2
426k-450k 20 39 3 0.3 3.1
451k-475k 13 17 5 0.2 4.6
476k-500k 12 17 2 0.2 4.2
501k-550k 15 27 4 0.3 3.3
551k-600k 22 21 5 0.2 6.3
601k-650k 14 16 1 0.2 5.3
651k-700k 10 15 0.3 4
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 39 2 0.3 3.2
126k-150k 82 69 13 0.1 7.1
151k-175k 135 117 20 0.1 6.9
176k-200k 169 134 18 0.1 7.6
201k-225k 136 95 12 0.1 8.6
226k-250k 134 94 8 0.1 8.6
251k-275k 80 51 6 0.1 9.4
276k-300k 56 31 3 0.1 10.8
301k-325k 37 14 2 0.1 15.9
326k-350k 23 18 4 0.1 7.7
351k-375k 16 12 0.1 8
376k-400k 15 6 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 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 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 22 16 0.1 8.3
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 1 0 36
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 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