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 5 0.6 1.6
201k-225k 15 38 4 0.4 2.4
226k-250k 27 65 15 0.4 2.5
251k-275k 39 100 13 0.4 2.3
276k-300k 81 140 24 0.3 3.5
301k-325k 93 163 23 0.3 3.4
326k-350k 97 227 34 0.4 2.6
351k-375k 103 226 35 0.4 2.7
376k-400k 111 254 33 0.4 2.6
401k-425k 97 205 26 0.4 2.8
426k-450k 103 179 24 0.3 3.5
451k-475k 77 163 34 0.4 2.8
476k-500k 98 153 18 0.3 3.8
501k-550k 124 222 44 0.3 3.4
551k-600k 121 148 20 0.2 4.9
601k-650k 73 146 16 0.3 3
651k-700k 72 102 12 0.2 4.2
701k-750k 57 83 7 0.2 4.1
751k-800k 40 76 8 0.3 3.2
801k-850k 37 68 13 0.3 3.3
851k-900k 46 63 5 0.2 4.4
901k-950k 21 38 5 0.3 3.3
951k-1m 38 40 8 0.2 5.7
1m-1.1m 30 43 5 0.2 4.2
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 6 1 0.2 6
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 15 2 0.4 2.8
276k-300k 19 27 3 0.2 4.2
301k-325k 19 24 3 0.2 4.8
326k-350k 27 35 7 0.2 4.6
351k-375k 28 50 7 0.3 3.4
376k-400k 32 52 11 0.3 3.7
401k-425k 29 47 5 0.3 3.7
426k-450k 27 36 5 0.2 4.5
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 19 27 7 0.2 4.2
601k-650k 11 13 0.2 5.1
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 33 3 0.2 4.7
126k-150k 93 62 9 0.1 9
151k-175k 124 112 14 0.2 6.6
176k-200k 171 123 19 0.1 8.3
201k-225k 149 82 12 0.1 10.9
226k-250k 134 89 9 0.1 9
251k-275k 81 47 8 0.1 10.3
276k-300k 45 28 4 0.1 9.6
301k-325k 34 15 2 0.1 13.6
326k-350k 25 22 6 0.1 6.8
351k-375k 16 13 2 0.1 7.4
376k-400k 13 5 0.1 15.6
401k-425k 7 6 1 0.1 7
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 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 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 14 0.2 6
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 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 1 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 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