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 1 2 0.3 3
101k-125k 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 3 20 10 1.1 0.9
176k-200k 9 33 5 0.6 1.6
201k-225k 15 39 4 0.4 2.3
226k-250k 27 64 14 0.4 2.5
251k-275k 40 104 13 0.4 2.3
276k-300k 82 141 26 0.3 3.5
301k-325k 93 164 24 0.3 3.4
326k-350k 97 228 33 0.4 2.6
351k-375k 103 226 34 0.4 2.7
376k-400k 110 253 35 0.4 2.6
401k-425k 96 209 29 0.4 2.8
426k-450k 105 181 23 0.3 3.5
451k-475k 76 165 35 0.4 2.8
476k-500k 98 155 18 0.3 3.8
501k-550k 125 226 44 0.3 3.3
551k-600k 121 149 20 0.2 4.9
601k-650k 74 147 16 0.3 3
651k-700k 71 104 12 0.2 4.1
701k-750k 57 84 7 0.2 4.1
751k-800k 40 76 7 0.3 3.2
801k-850k 36 68 13 0.3 3.2
851k-900k 46 63 7 0.2 4.4
901k-950k 21 38 5 0.3 3.3
951k-1m 39 42 8 0.2 5.6
1m-1.1m 30 44 6 0.2 4.1
1.1m-1.2m 34 24 5 0.1 8.5
1.2m-1.3m 25 26 4 0.2 5.8
1.3m-1.4m 35 27 1 0.1 7.8
1.4m-1.5m 20 15 5 0.1 8
1.5m-1.6m 11 19 2 0.3 3.5
1.6m-1.7m 11 7 1 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 14 6 2 0.1 14
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 7 1 0.2 5.1
3.5m-4m 8 4 1 0.1 12
4m-4.5m 2 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 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 2 0.3 3
201k-225k 3 7 2 0.4 2.6
226k-250k 11 19 4 0.3 3.5
251k-275k 7 16 2 0.4 2.6
276k-300k 19 27 3 0.2 4.2
301k-325k 19 24 3 0.2 4.8
326k-350k 26 35 6 0.2 4.5
351k-375k 28 50 7 0.3 3.4
376k-400k 32 52 12 0.3 3.7
401k-425k 29 47 5 0.3 3.7
426k-450k 27 36 4 0.2 4.5
451k-475k 9 13 1 0.2 4.2
476k-500k 11 17 2 0.3 3.9
501k-550k 13 20 3 0.3 3.9
551k-600k 19 27 7 0.2 4.2
601k-650k 13 14 0.2 5.6
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 11 9 4 0.1 7.3
101k-125k 26 34 3 0.2 4.6
126k-150k 92 64 9 0.1 8.6
151k-175k 125 113 15 0.2 6.6
176k-200k 170 123 19 0.1 8.3
201k-225k 149 83 12 0.1 10.8
226k-250k 135 90 9 0.1 9
251k-275k 81 49 7 0.1 9.9
276k-300k 44 28 4 0.1 9.4
301k-325k 34 15 2 0.1 13.6
326k-350k 25 21 6 0.1 7.1
351k-375k 16 13 2 0.1 7.4
376k-400k 13 5 0.1 15.6
401k-425k 7 7 1 0.2 6
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 4 0.3 3.8
551k-600k 12 5 0.1 14.4
601k-650k 11 5 1 0.1 13.2
651k-700k 5 3 1 0.1 10
701k-750k 1 5 1 0.8 1.2
751k-800k 2 0
801k-850k 4 0
851k-900k 3 2 1 0.1 9
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
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 15 16 0.2 5.6
26k-50k 139 6 2 0 139
51k-75k 7 22 2 0.5 1.9
76k-100k 46 19 4 0.1 14.5
101k-125k 23 16 1 0.1 8.6
126k-150k 29 13 3 0.1 13.4
151k-175k 19 6 2 0.1 19
176k-200k 13 4 1 0.1 19.5
201k-225k 8 4 1 0.1 12
226k-250k 11 1 0 66
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 0
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 1 0.1 9
601k-650k 15 4 0 22.5
651k-700k 8 3 1 0.1 16
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 3 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