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 1 2 0.3 3
101k-125k 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 4 20 9 0.8 1.2
176k-200k 9 34 4 0.6 1.6
201k-225k 15 39 5 0.4 2.3
226k-250k 31 65 15 0.3 2.9
251k-275k 43 102 14 0.4 2.5
276k-300k 80 139 22 0.3 3.5
301k-325k 94 162 21 0.3 3.5
326k-350k 97 226 30 0.4 2.6
351k-375k 105 228 35 0.4 2.8
376k-400k 111 257 33 0.4 2.6
401k-425k 90 208 27 0.4 2.6
426k-450k 101 180 23 0.3 3.4
451k-475k 76 164 35 0.4 2.8
476k-500k 96 154 18 0.3 3.7
501k-550k 124 222 41 0.3 3.4
551k-600k 119 150 20 0.2 4.8
601k-650k 75 147 18 0.3 3.1
651k-700k 65 102 12 0.3 3.8
701k-750k 58 84 9 0.2 4.1
751k-800k 40 76 7 0.3 3.2
801k-850k 36 69 13 0.3 3.1
851k-900k 46 63 5 0.2 4.4
901k-950k 22 42 9 0.3 3.1
951k-1m 38 42 10 0.2 5.4
1m-1.1m 29 43 4 0.2 4
1.1m-1.2m 34 24 4 0.1 8.5
1.2m-1.3m 27 26 4 0.2 6.2
1.3m-1.4m 32 28 1 0.1 6.9
1.4m-1.5m 19 15 5 0.1 7.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 11 7 0.1 9.4
1.7m-1.8m 10 11 3 0.2 5.5
1.8m-1.9m 8 11 1 0.2 4.4
1.9m-2m 13 6 2 0.1 13
2m-2.25m 14 11 3 0.1 7.6
2.25m-2.5m 2 8 2 0.7 1.5
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 2 0.1 18
3m-3.5m 6 6 1 0.2 6
3.5m-4m 8 4 1 0.1 12
4m-4.5m 1 0
4.5m-5m 2 1 0.1 12
5.01m-6m 2 1 1 0.1 12
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
14.01m-15m 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 2 0.3 3
201k-225k 3 7 2 0.4 2.6
226k-250k 9 19 4 0.4 2.8
251k-275k 7 16 3 0.4 2.6
276k-300k 18 27 3 0.3 4
301k-325k 18 24 3 0.2 4.5
326k-350k 25 35 7 0.2 4.3
351k-375k 27 51 8 0.3 3.2
376k-400k 29 54 13 0.3 3.2
401k-425k 27 48 6 0.3 3.4
426k-450k 26 37 6 0.2 4.2
451k-475k 9 11 1 0.2 4.9
476k-500k 11 16 2 0.2 4.1
501k-550k 13 20 2 0.3 3.9
551k-600k 20 29 8 0.2 4.1
601k-650k 10 13 0.2 4.6
651k-700k 9 13 0.2 4.2
701k-750k 3 5 0.3 3.6
751k-800k 2 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 6 3 0.1 12
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 6 2 0.3 4
76k-100k 10 9 3 0.2 6.7
101k-125k 28 34 4 0.2 4.9
126k-150k 91 64 10 0.1 8.5
151k-175k 122 112 13 0.2 6.5
176k-200k 171 125 16 0.1 8.2
201k-225k 151 83 12 0.1 10.9
226k-250k 132 91 10 0.1 8.7
251k-275k 81 47 8 0.1 10.3
276k-300k 46 29 5 0.1 9.5
301k-325k 35 15 2 0.1 14
326k-350k 26 22 6 0.1 7.1
351k-375k 16 13 2 0.1 7.4
376k-400k 13 5 0.1 15.6
401k-425k 8 6 1 0.1 8
426k-450k 7 7 0.2 6
451k-475k 5 5 2 0.2 6
476k-500k 9 9 2 0.2 6
501k-550k 14 22 3 0.3 3.8
551k-600k 12 4 0.1 18
601k-650k 11 4 1 0.1 16.5
651k-700k 5 3 1 0.1 10
701k-750k 1 5 0.8 1.2
751k-800k 2 0
801k-850k 4 0
851k-900k 2 2 1 0.2 6
901k-950k 1 0
951k-1m 2 1 0.1 12
1.1m-1.2m 1 1 0.2 6
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 14 0.2 6
26k-50k 139 6 2 0 139
51k-75k 8 22 2 0.5 2.2
76k-100k 45 20 5 0.1 13.5
101k-125k 23 16 1 0.1 8.6
126k-150k 29 13 3 0.1 13.4
151k-175k 18 7 3 0.1 15.4
176k-200k 12 4 1 0.1 18
201k-225k 8 4 1 0.1 12
226k-250k 11 0
251k-275k 9 0
276k-300k 13 3 0 26
301k-325k 13 1 0 78
326k-350k 4 1 1 0 24
351k-375k 2 1 1 0.1 12
376k-400k 6 3 0.1 12
401k-425k 5 3 0.1 10
426k-450k 8 1 0 48
451k-475k 3 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 3 2 0.1 9
601k-650k 15 4 0 22.5
651k-700k 8 2 1 0 24
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 2 3 0.3 4
851k-900k 1 0
901k-950k 2 0
951k-1m 6 0
1m-1.1m 3 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 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 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
11.01m-12m 1 0
19.01m-20m 1 0
23.01m-24m 1 0