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 1 0.2 6
76k-100k 2 2 0.2 6
101k-125k 2 1 0.1 12
126k-150k 1 6 1 1
151k-175k 3 20 6 1.1 0.9
176k-200k 11 33 7 0.5 2
201k-225k 15 37 7 0.4 2.4
226k-250k 33 59 13 0.3 3.4
251k-275k 45 100 14 0.4 2.7
276k-300k 87 143 24 0.3 3.7
301k-325k 84 165 33 0.3 3.1
326k-350k 90 226 27 0.4 2.4
351k-375k 104 222 35 0.4 2.8
376k-400k 110 254 36 0.4 2.6
401k-425k 88 210 30 0.4 2.5
426k-450k 101 174 24 0.3 3.5
451k-475k 78 166 25 0.4 2.8
476k-500k 86 153 16 0.3 3.4
501k-550k 126 222 42 0.3 3.4
551k-600k 112 145 22 0.2 4.6
601k-650k 78 137 14 0.3 3.4
651k-700k 62 97 15 0.3 3.8
701k-750k 58 81 11 0.2 4.3
751k-800k 35 69 4 0.3 3
801k-850k 46 60 11 0.2 4.6
851k-900k 45 60 5 0.2 4.5
901k-950k 18 40 6 0.4 2.7
951k-1m 36 41 9 0.2 5.3
1m-1.1m 28 43 7 0.3 3.9
1.1m-1.2m 33 24 4 0.1 8.3
1.2m-1.3m 24 25 5 0.2 5.8
1.3m-1.4m 30 28 2 0.2 6.4
1.4m-1.5m 21 13 3 0.1 9.7
1.5m-1.6m 11 18 1 0.3 3.7
1.6m-1.7m 9 6 1 0.1 9
1.7m-1.8m 11 10 1 0.2 6.6
1.8m-1.9m 11 8 1 0.1 8.3
1.9m-2m 14 6 1 0.1 14
2m-2.25m 12 10 2 0.1 7.2
2.25m-2.5m 3 7 2 0.4 2.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 3 1 0.1 10
3m-3.5m 5 6 2 0.2 5
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 2 1 1 0.1 12
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 1 3 1 0.5 2
201k-225k 3 7 1 0.4 2.6
226k-250k 9 19 3 0.4 2.8
251k-275k 8 18 4 0.4 2.7
276k-300k 20 24 1 0.2 5
301k-325k 13 23 2 0.3 3.4
326k-350k 24 34 9 0.2 4.2
351k-375k 27 48 6 0.3 3.4
376k-400k 25 52 13 0.3 2.9
401k-425k 24 51 6 0.4 2.8
426k-450k 22 29 5 0.2 4.6
451k-475k 8 12 3 0.3 4
476k-500k 11 10 2 0.2 6.6
501k-550k 14 22 5 0.3 3.8
551k-600k 18 28 10 0.3 3.9
601k-650k 10 14 1 0.2 4.3
651k-700k 7 11 0.3 3.8
701k-750k 3 5 0.3 3.6
751k-800k 2 1 0.1 12
801k-850k 1 1 0.2 6
851k-900k 5 3 0.1 10
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 0.3 4
76k-100k 9 10 3 0.2 5.4
101k-125k 31 34 5 0.2 5.5
126k-150k 85 64 9 0.1 8
151k-175k 116 110 15 0.2 6.3
176k-200k 171 119 17 0.1 8.6
201k-225k 145 73 6 0.1 11.9
226k-250k 126 90 11 0.1 8.4
251k-275k 73 44 7 0.1 10
276k-300k 48 29 6 0.1 9.9
301k-325k 32 11 1 0.1 17.5
326k-350k 25 21 6 0.1 7.1
351k-375k 16 12 3 0.1 8
376k-400k 10 4 0.1 15
401k-425k 9 6 1 0.1 9
426k-450k 7 5 0.1 8.4
451k-475k 6 5 1 0.1 7.2
476k-500k 9 10 3 0.2 5.4
501k-550k 13 22 3 0.3 3.5
551k-600k 12 4 0.1 18
601k-650k 9 4 1 0.1 13.5
651k-700k 6 3 1 0.1 12
701k-750k 1 4 0.7 1.5
751k-800k 1 0
801k-850k 4 0
851k-900k 2 2 1 0.2 6
901k-950k 1 1 1 0.2 6
951k-1m 2 0
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

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 17 12 1 0.1 8.5
26k-50k 137 7 2 0 117.4
51k-75k 10 17 1 0.3 3.5
76k-100k 43 21 3 0.1 12.3
101k-125k 23 16 0.1 8.6
126k-150k 25 13 4 0.1 11.5
151k-175k 19 7 2 0.1 16.3
176k-200k 14 4 1 0 21
201k-225k 7 3 0.1 14
226k-250k 12 1 1 0 72
251k-275k 6 0
276k-300k 8 3 0.1 16
301k-325k 11 1 0 66
326k-350k 3 1 1 0.1 18
351k-375k 1 1 1 0.2 6
376k-400k 6 2 0.1 18
401k-425k 4 3 0.1 8
426k-450k 8 1 0 48
451k-475k 3 0
476k-500k 7 0
501k-550k 6 1 0 36
551k-600k 4 1 0 24
601k-650k 15 3 0 30
651k-700k 8 2 0 24
701k-750k 7 1 0 42
751k-800k 3 2 0.1 9
801k-850k 2 3 0.3 4
851k-900k 2 0
901k-950k 2 0
951k-1m 5 0
1m-1.1m 2 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.8m-1.9m 2 0
1.9m-2m 4 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 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