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 9 35 5 0.6 1.5
201k-225k 16 39 5 0.4 2.5
226k-250k 33 64 13 0.3 3.1
251k-275k 45 102 15 0.4 2.6
276k-300k 81 140 22 0.3 3.5
301k-325k 92 166 25 0.3 3.3
326k-350k 93 225 27 0.4 2.5
351k-375k 104 223 35 0.4 2.8
376k-400k 112 254 30 0.4 2.6
401k-425k 89 208 26 0.4 2.6
426k-450k 103 171 20 0.3 3.6
451k-475k 79 164 29 0.3 2.9
476k-500k 90 154 18 0.3 3.5
501k-550k 128 222 40 0.3 3.5
551k-600k 114 145 20 0.2 4.7
601k-650k 75 143 18 0.3 3.1
651k-700k 66 97 12 0.2 4.1
701k-750k 56 82 7 0.2 4.1
751k-800k 39 74 6 0.3 3.2
801k-850k 37 63 12 0.3 3.5
851k-900k 46 60 4 0.2 4.6
901k-950k 23 41 9 0.3 3.4
951k-1m 37 42 9 0.2 5.3
1m-1.1m 29 41 4 0.2 4.2
1.1m-1.2m 34 24 4 0.1 8.5
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 8 3 1 0.1 16
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 16 3 0.4 2.6
276k-300k 19 26 2 0.2 4.4
301k-325k 18 24 3 0.2 4.5
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 49 7 0.3 3.2
426k-450k 25 32 6 0.2 4.7
451k-475k 9 11 1 0.2 4.9
476k-500k 12 13 2 0.2 5.5
501k-550k 13 22 4 0.3 3.5
551k-600k 20 29 9 0.2 4.1
601k-650k 9 13 0.2 4.2
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 10 9 3 0.2 6.7
101k-125k 29 37 6 0.2 4.7
126k-150k 89 63 7 0.1 8.5
151k-175k 119 108 11 0.2 6.6
176k-200k 177 124 17 0.1 8.6
201k-225k 150 80 7 0.1 11.3
226k-250k 137 90 11 0.1 9.1
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 17 11 2 0.1 9.3
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 9 4 0.1 13.5
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 8 22 1 0.5 2.2
76k-100k 45 20 5 0.1 13.5
101k-125k 21 16 0.1 7.9
126k-150k 29 13 3 0.1 13.4
151k-175k 18 7 3 0.1 15.4
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