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 1 0.2 0
76k-100k 2 2 0.2 6
101k-125k 1 1 0.2 6
126k-150k 2 6 0.5 2
151k-175k 3 19 3 1.1 0.9
176k-200k 11 38 12 0.6 1.7
201k-225k 13 37 8 0.5 2.1
226k-250k 37 62 15 0.3 3.6
251k-275k 48 102 13 0.4 2.8
276k-300k 78 143 22 0.3 3.3
301k-325k 81 166 35 0.3 2.9
326k-350k 97 225 28 0.4 2.6
351k-375k 102 221 30 0.4 2.8
376k-400k 120 246 30 0.3 2.9
401k-425k 82 212 32 0.4 2.3
426k-450k 103 175 26 0.3 3.5
451k-475k 72 166 25 0.4 2.6
476k-500k 86 153 15 0.3 3.4
501k-550k 134 223 38 0.3 3.6
551k-600k 116 147 22 0.2 4.7
601k-650k 86 132 11 0.3 3.9
651k-700k 64 97 13 0.3 4
701k-750k 57 80 10 0.2 4.3
751k-800k 35 68 6 0.3 3.1
801k-850k 43 59 8 0.2 4.4
851k-900k 45 58 4 0.2 4.7
901k-950k 14 39 6 0.5 2.2
951k-1m 39 39 9 0.2 6
1m-1.1m 25 42 7 0.3 3.6
1.1m-1.2m 33 24 3 0.1 8.3
1.2m-1.3m 26 24 4 0.2 6.5
1.3m-1.4m 29 28 3 0.2 6.2
1.4m-1.5m 22 14 3 0.1 9.4
1.5m-1.6m 10 19 2 0.3 3.2
1.6m-1.7m 11 7 2 0.1 9.4
1.7m-1.8m 11 10 1 0.2 6.6
1.8m-1.9m 11 7 1 0.1 9.4
1.9m-2m 15 6 1 0.1 15
2m-2.25m 14 9 2 0.1 9.3
2.25m-2.5m 3 7 1 0.4 2.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 4 4 2 0.2 6
3m-3.5m 6 6 2 0.2 6
3.5m-4m 7 3 1 0.1 14
4m-4.5m 1 0
4.5m-5m 2 1 0.1 12
5.01m-6m 3 1 1 0.1 18
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 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 4 3 1 0.1 8
201k-225k 1 7 1 1.2 0.9
226k-250k 9 19 2 0.4 2.8
251k-275k 8 18 4 0.4 2.7
276k-300k 22 25 1 0.2 5.3
301k-325k 13 24 1 0.3 3.3
326k-350k 27 33 7 0.2 4.9
351k-375k 32 50 7 0.3 3.8
376k-400k 26 51 11 0.3 3.1
401k-425k 26 51 8 0.3 3.1
426k-450k 24 29 4 0.2 5
451k-475k 9 12 3 0.2 4.5
476k-500k 13 11 3 0.1 7.1
501k-550k 16 19 4 0.2 5.1
551k-600k 21 28 9 0.2 4.5
601k-650k 10 14 1 0.2 4.3
651k-700k 8 10 0.2 4.8
701k-750k 5 6 0.2 5
751k-800k 2 2 1 0.2 6
801k-850k 2 1 0.1 12
851k-900k 2 3 0.3 4
901k-950k 1 0.2 0
1m-1.1m 1 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 7 1 0.3 3.4
76k-100k 10 11 3 0.2 5.5
101k-125k 32 35 7 0.2 5.5
126k-150k 86 63 9 0.1 8.2
151k-175k 122 108 15 0.1 6.8
176k-200k 173 118 16 0.1 8.8
201k-225k 152 74 5 0.1 12.3
226k-250k 128 87 11 0.1 8.8
251k-275k 76 46 7 0.1 9.9
276k-300k 53 27 5 0.1 11.8
301k-325k 34 11 1 0.1 18.5
326k-350k 28 20 5 0.1 8.4
351k-375k 14 12 3 0.1 7
376k-400k 11 3 0 22
401k-425k 7 6 0.1 7
426k-450k 7 5 0.1 8.4
451k-475k 6 5 0.1 7.2
476k-500k 10 10 3 0.2 6
501k-550k 11 23 4 0.3 2.9
551k-600k 13 4 0.1 19.5
601k-650k 8 4 1 0.1 12
651k-700k 7 2 0 21
701k-750k 1 4 0.7 1.5
751k-800k 2 0
801k-850k 6 0
851k-900k 2 2 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 1 0.3 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
2m-2.25m 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 16 12 1 0.1 8
26k-50k 137 7 2 0 117.4
51k-75k 10 17 1 0.3 3.5
76k-100k 42 20 1 0.1 12.6
101k-125k 20 15 0.1 8
126k-150k 26 13 3 0.1 12
151k-175k 17 8 3 0.1 12.8
176k-200k 12 4 1 0.1 18
201k-225k 7 3 0.1 14
226k-250k 11 1 1 0 66
251k-275k 8 0
276k-300k 9 3 0.1 18
301k-325k 10 1 0 60
326k-350k 4 1 1 0 24
351k-375k 1 2 2 0.3 3
376k-400k 7 2 0 21
401k-425k 4 3 0.1 8
426k-450k 9 1 0 54
451k-475k 3 0
476k-500k 7 1 1 0 42
501k-550k 5 1 0 30
551k-600k 4 1 0 24
601k-650k 14 3 0 28
651k-700k 8 2 0 24
701k-750k 6 1 0 36
751k-800k 3 2 0.1 9
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 2 0
1.1m-1.2m 4 0
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 3 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 3 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
11.01m-12m 1 0
19.01m-20m 1 0
23.01m-24m 1 0