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 2 0.3 0
101k-125k 2 0.3 0
126k-150k 2 7 0.6 1.7
151k-175k 4 18 7 0.8 1.3
176k-200k 10 34 9 0.6 1.8
201k-225k 13 39 7 0.5 2
226k-250k 28 60 8 0.4 2.8
251k-275k 43 107 12 0.4 2.4
276k-300k 91 148 19 0.3 3.7
301k-325k 83 165 22 0.3 3
326k-350k 100 239 27 0.4 2.5
351k-375k 97 223 28 0.4 2.6
376k-400k 120 258 41 0.4 2.8
401k-425k 95 217 24 0.4 2.6
426k-450k 108 186 18 0.3 3.5
451k-475k 79 173 32 0.4 2.7
476k-500k 107 159 17 0.2 4
501k-550k 121 229 34 0.3 3.2
551k-600k 128 152 18 0.2 5.1
601k-650k 80 144 14 0.3 3.3
651k-700k 74 107 8 0.2 4.1
701k-750k 53 91 10 0.3 3.5
751k-800k 39 79 10 0.3 3
801k-850k 42 68 9 0.3 3.7
851k-900k 42 61 9 0.2 4.1
901k-950k 25 36 3 0.2 4.2
951k-1m 41 42 6 0.2 5.9
1m-1.1m 24 43 5 0.3 3.3
1.1m-1.2m 30 23 3 0.1 7.8
1.2m-1.3m 26 27 3 0.2 5.8
1.3m-1.4m 32 31 2 0.2 6.2
1.4m-1.5m 24 14 2 0.1 10.3
1.5m-1.6m 13 19 3 0.2 4.1
1.6m-1.7m 10 9 1 0.2 6.7
1.7m-1.8m 11 10 2 0.2 6.6
1.8m-1.9m 10 11 1 0.2 5.5
1.9m-2m 15 6 1 0.1 15
2m-2.25m 11 10 1 0.2 6.6
2.25m-2.5m 1 7 1.2 0.9
2.5m-2.75m 2 2 0.2 6
2.75m-3m 7 4 0.1 10.5
3m-3.5m 6 7 0.2 5.1
3.5m-4m 8 4 0.1 12
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 2 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 3 0.5 2
201k-225k 1 6 1 1 1
226k-250k 8 17 2 0.4 2.8
251k-275k 7 15 2 0.4 2.8
276k-300k 15 27 2 0.3 3.3
301k-325k 20 26 3 0.2 4.6
326k-350k 26 32 4 0.2 4.9
351k-375k 28 48 6 0.3 3.5
376k-400k 27 50 5 0.3 3.2
401k-425k 26 49 9 0.3 3.2
426k-450k 22 38 4 0.3 3.5
451k-475k 12 16 4 0.2 4.5
476k-500k 12 17 1 0.2 4.2
501k-550k 16 24 4 0.3 4
551k-600k 21 21 5 0.2 6
601k-650k 13 16 0.2 4.9
651k-700k 9 14 0.3 3.9
701k-750k 6 5 0.1 7.2
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 5 4 0.1 7.5
901k-950k 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 2 7 2 0.6 1.7
76k-100k 7 9 2 0.2 4.7
101k-125k 21 36 2 0.3 3.5
126k-150k 82 68 11 0.1 7.2
151k-175k 134 114 18 0.1 7.1
176k-200k 165 128 19 0.1 7.7
201k-225k 135 92 11 0.1 8.8
226k-250k 133 90 7 0.1 8.9
251k-275k 77 47 4 0.1 9.8
276k-300k 51 29 3 0.1 10.6
301k-325k 37 15 3 0.1 14.8
326k-350k 23 18 5 0.1 7.7
351k-375k 17 12 0.1 8.5
376k-400k 15 5 0.1 18
401k-425k 3 6 1 0.3 3
426k-450k 8 8 0.2 6
451k-475k 5 5 0.2 6
476k-500k 7 8 1 0.2 5.3
501k-550k 15 20 3 0.2 4.5
551k-600k 10 5 0.1 12
601k-650k 9 5 1 0.1 10.8
651k-700k 5 2 0.1 15
701k-750k 3 5 2 0.3 3.6
751k-800k 1 0
801k-850k 4 1 0 24
851k-900k 3 1 1 0.1 18
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
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 17 2 0.2 4.9
26k-50k 147 5 1 0 176.4
51k-75k 8 25 4 0.5 1.9
76k-100k 47 16 0.1 17.6
101k-125k 23 16 1 0.1 8.6
126k-150k 26 12 0.1 13
151k-175k 20 4 0 30
176k-200k 13 4 3 0.1 19.5
201k-225k 8 4 1 0.1 12
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 13 3 1 0 26
301k-325k 14 1 0 84
326k-350k 4 0
351k-375k 2 0
376k-400k 6 4 0.1 9
401k-425k 5 3 1 0.1 10
426k-450k 6 1 0 36
451k-475k 2 1 0.1 12
476k-500k 9 0
501k-550k 6 1 0 36
551k-600k 3 3 1 0.2 6
601k-650k 15 5 0.1 18
651k-700k 7 3 1 0.1 14
701k-750k 8 1 0 48
751k-800k 4 2 0.1 12
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 5 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.4m-1.5m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 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
19.01m-20m 1 0
23.01m-24m 1 0