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 1 1.2 0.9
151k-175k 3 15 4 0.8 1.2
176k-200k 7 35 11 0.8 1.2
201k-225k 15 39 7 0.4 2.3
226k-250k 27 62 8 0.4 2.6
251k-275k 44 108 15 0.4 2.4
276k-300k 91 152 18 0.3 3.6
301k-325k 89 171 27 0.3 3.1
326k-350k 102 249 38 0.4 2.5
351k-375k 99 235 38 0.4 2.5
376k-400k 121 263 46 0.4 2.8
401k-425k 95 227 31 0.4 2.5
426k-450k 110 199 25 0.3 3.3
451k-475k 77 167 24 0.4 2.8
476k-500k 116 168 23 0.2 4.1
501k-550k 119 239 35 0.3 3
551k-600k 131 159 25 0.2 4.9
601k-650k 79 155 14 0.3 3.1
651k-700k 77 111 11 0.2 4.2
701k-750k 56 98 12 0.3 3.4
751k-800k 41 82 10 0.3 3
801k-850k 46 73 9 0.3 3.8
851k-900k 41 60 10 0.2 4.1
901k-950k 28 41 3 0.2 4.1
951k-1m 41 42 4 0.2 5.9
1m-1.1m 27 44 6 0.3 3.7
1.1m-1.2m 30 26 3 0.1 6.9
1.2m-1.3m 23 30 4 0.2 4.6
1.3m-1.4m 32 32 3 0.2 6
1.4m-1.5m 22 14 3 0.1 9.4
1.5m-1.6m 14 20 4 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 14 6 1 0.1 14
2m-2.25m 13 9 1 0.1 8.7
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 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 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 2 5 2 0.4 2.4
226k-250k 10 17 3 0.3 3.5
251k-275k 8 15 3 0.3 3.2
276k-300k 16 28 4 0.3 3.4
301k-325k 17 27 5 0.3 3.8
326k-350k 29 33 6 0.2 5.3
351k-375k 30 48 6 0.3 3.8
376k-400k 30 50 4 0.3 3.6
401k-425k 24 51 10 0.4 2.8
426k-450k 22 39 4 0.3 3.4
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 7 0.2 6
601k-650k 13 16 1 0.2 4.9
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
1.6m-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 10 9 2 0.2 6.7
101k-125k 20 39 3 0.3 3.1
126k-150k 77 69 15 0.1 6.7
151k-175k 135 117 22 0.1 6.9
176k-200k 168 134 22 0.1 7.5
201k-225k 142 95 12 0.1 9
226k-250k 129 98 10 0.1 7.9
251k-275k 81 52 8 0.1 9.3
276k-300k 56 32 4 0.1 10.5
301k-325k 37 15 2 0.1 14.8
326k-350k 25 18 4 0.1 8.3
351k-375k 16 12 1 0.1 8
376k-400k 17 6 1 0.1 17
401k-425k 3 7 1 0.4 2.6
426k-450k 9 8 0.1 6.8
451k-475k 5 5 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 14 20 2 0.2 4.2
551k-600k 8 6 0.1 8
601k-650k 11 5 1 0.1 13.2
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 4 0 216
51k-75k 6 25 5 0.7 1.4
76k-100k 49 19 0.1 15.5
101k-125k 23 16 1 0.1 8.6
126k-150k 27 13 0.1 12.5
151k-175k 21 4 1 0 31.5
176k-200k 14 4 3 0 21
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 5 4 0.1 7.5
401k-425k 3 3 1 0.2 6
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 3 2 1 0.1 9
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 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