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 1 1 0.2 6
126k-150k 1 7 1.2 0.9
151k-175k 4 21 6 0.9 1.1
176k-200k 10 35 5 0.6 1.7
201k-225k 15 39 5 0.4 2.3
226k-250k 32 64 13 0.3 3
251k-275k 44 102 15 0.4 2.6
276k-300k 83 142 24 0.3 3.5
301k-325k 91 166 25 0.3 3.3
326k-350k 92 225 27 0.4 2.5
351k-375k 103 226 38 0.4 2.7
376k-400k 111 255 31 0.4 2.6
401k-425k 90 208 26 0.4 2.6
426k-450k 103 171 20 0.3 3.6
451k-475k 79 165 30 0.3 2.9
476k-500k 88 155 19 0.3 3.4
501k-550k 128 223 41 0.3 3.4
551k-600k 114 145 20 0.2 4.7
601k-650k 75 143 18 0.3 3.1
651k-700k 66 98 13 0.2 4
701k-750k 56 82 7 0.2 4.1
751k-800k 38 75 7 0.3 3
801k-850k 37 63 12 0.3 3.5
851k-900k 46 61 5 0.2 4.5
901k-950k 23 41 9 0.3 3.4
951k-1m 36 43 10 0.2 5
1m-1.1m 29 41 4 0.2 4.2
1.1m-1.2m 35 24 4 0.1 8.8
1.2m-1.3m 25 25 3 0.2 6
1.3m-1.4m 33 28 2 0.1 7.1
1.4m-1.5m 19 15 4 0.1 7.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 11 5 0.1 13.2
1.7m-1.8m 10 10 3 0.2 6
1.8m-1.9m 8 10 1 0.2 4.8
1.9m-2m 14 6 1 0.1 14
2m-2.25m 14 11 2 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 5 1 0.1 7.2
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
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 1 0.4 2.6
226k-250k 8 19 4 0.4 2.5
251k-275k 7 17 4 0.4 2.5
276k-300k 21 26 2 0.2 4.8
301k-325k 17 24 3 0.2 4.3
326k-350k 24 35 7 0.2 4.1
351k-375k 27 51 6 0.3 3.2
376k-400k 30 53 12 0.3 3.4
401k-425k 26 50 8 0.3 3.1
426k-450k 25 32 6 0.2 4.7
451k-475k 10 11 1 0.2 5.5
476k-500k 11 13 2 0.2 5.1
501k-550k 13 22 4 0.3 3.5
551k-600k 20 29 9 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 1 1 0.2 6
801k-850k 1 0.2 0
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 9 9 3 0.2 6
101k-125k 30 38 7 0.2 4.7
126k-150k 88 63 7 0.1 8.4
151k-175k 120 109 12 0.2 6.6
176k-200k 176 124 17 0.1 8.5
201k-225k 151 80 7 0.1 11.3
226k-250k 138 90 11 0.1 9.2
251k-275k 81 45 7 0.1 10.8
276k-300k 45 30 7 0.1 9
301k-325k 36 12 2 0.1 18
326k-350k 25 22 6 0.1 6.8
351k-375k 16 11 2 0.1 8.7
376k-400k 14 4 0 21
401k-425k 9 6 1 0.1 9
426k-450k 7 6 0.1 7
451k-475k 4 5 2 0.2 4.8
476k-500k 9 10 2 0.2 5.4
501k-550k 14 21 2 0.3 4
551k-600k 10 4 0.1 15
601k-650k 11 4 1 0.1 16.5
651k-700k 5 3 1 0.1 10
701k-750k 1 4 0.7 1.5
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 15 12 0.1 7.5
26k-50k 139 6 1 0 139
51k-75k 9 22 1 0.4 2.5
76k-100k 45 20 5 0.1 13.5
101k-125k 21 16 0.1 7.9
126k-150k 28 13 3 0.1 12.9
151k-175k 19 7 3 0.1 16.3
176k-200k 13 4 1 0.1 19.5
201k-225k 8 4 1 0.1 12
226k-250k 12 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 7 2 0 21
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 1 0.1 18
601k-650k 15 4 0 22.5
651k-700k 8 2 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
1.8m-1.9m 2 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