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 4 20 10 0.8 1.2
176k-200k 9 34 6 0.6 1.6
201k-225k 15 39 4 0.4 2.3
226k-250k 27 65 15 0.4 2.5
251k-275k 39 104 13 0.4 2.3
276k-300k 81 142 27 0.3 3.4
301k-325k 93 164 24 0.3 3.4
326k-350k 97 228 34 0.4 2.6
351k-375k 103 227 35 0.4 2.7
376k-400k 111 254 36 0.4 2.6
401k-425k 97 209 29 0.4 2.8
426k-450k 103 182 24 0.3 3.4
451k-475k 77 165 35 0.4 2.8
476k-500k 98 155 18 0.3 3.8
501k-550k 124 226 45 0.3 3.3
551k-600k 121 149 20 0.2 4.9
601k-650k 73 147 16 0.3 3
651k-700k 72 104 12 0.2 4.2
701k-750k 57 84 7 0.2 4.1
751k-800k 40 77 8 0.3 3.1
801k-850k 37 68 13 0.3 3.3
851k-900k 46 63 7 0.2 4.4
901k-950k 21 38 5 0.3 3.3
951k-1m 38 42 8 0.2 5.4
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 34 27 1 0.1 7.6
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 27 36 7 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 37 5 0.2 4.4
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 11 14 0.2 4.7
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 93 64 9 0.1 8.7
151k-175k 124 113 15 0.2 6.6
176k-200k 171 124 20 0.1 8.3
201k-225k 149 83 12 0.1 10.8
226k-250k 134 90 9 0.1 8.9
251k-275k 81 50 8 0.1 9.7
276k-300k 45 28 4 0.1 9.6
301k-325k 34 15 2 0.1 13.6
326k-350k 25 22 7 0.1 6.8
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 14 16 0.2 5.3
26k-50k 139 6 2 0 139
51k-75k 7 22 2 0.5 1.9
76k-100k 45 19 4 0.1 14.2
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 12 4 1 0.1 18
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 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 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