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 1 2 0.3 3
126k-150k 1 7 1.2 0.9
151k-175k 2 18 7 1.5 0.7
176k-200k 9 33 7 0.6 1.6
201k-225k 16 38 4 0.4 2.5
226k-250k 29 59 11 0.3 2.9
251k-275k 48 109 16 0.4 2.6
276k-300k 81 152 24 0.3 3.2
301k-325k 82 170 25 0.3 2.9
326k-350k 98 235 32 0.4 2.5
351k-375k 99 226 32 0.4 2.6
376k-400k 113 252 37 0.4 2.7
401k-425k 99 216 26 0.4 2.8
426k-450k 100 181 18 0.3 3.3
451k-475k 81 171 33 0.4 2.8
476k-500k 104 159 19 0.3 3.9
501k-550k 120 219 35 0.3 3.3
551k-600k 126 152 24 0.2 5
601k-650k 82 149 19 0.3 3.3
651k-700k 74 106 11 0.2 4.2
701k-750k 55 88 13 0.3 3.8
751k-800k 46 82 10 0.3 3.4
801k-850k 40 71 14 0.3 3.4
851k-900k 46 62 8 0.2 4.5
901k-950k 22 37 3 0.3 3.6
951k-1m 39 40 7 0.2 5.9
1m-1.1m 29 43 5 0.2 4
1.1m-1.2m 31 22 4 0.1 8.5
1.2m-1.3m 26 26 3 0.2 6
1.3m-1.4m 35 30 2 0.1 7
1.4m-1.5m 21 16 5 0.1 7.9
1.5m-1.6m 12 18 1 0.3 4
1.6m-1.7m 11 7 1 0.1 9.4
1.7m-1.8m 10 10 2 0.2 6
1.8m-1.9m 9 10 1 0.2 5.4
1.9m-2m 14 5 1 0.1 16.8
2m-2.25m 14 10 1 0.1 8.4
2.25m-2.5m 1 9 2 1.5 0.7
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 6 4 0.1 9
3m-3.5m 6 7 0.2 5.1
3.5m-4m 9 4 0.1 13.5
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 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 3 0.5 2
201k-225k 1 7 2 1.2 0.9
226k-250k 9 20 5 0.4 2.7
251k-275k 8 15 3 0.3 3.2
276k-300k 19 26 2 0.2 4.4
301k-325k 19 29 6 0.3 3.9
326k-350k 29 32 5 0.2 5.4
351k-375k 27 47 6 0.3 3.4
376k-400k 27 51 7 0.3 3.2
401k-425k 22 46 8 0.3 2.9
426k-450k 23 36 5 0.3 3.8
451k-475k 13 16 4 0.2 4.9
476k-500k 10 15 1 0.3 4
501k-550k 14 21 2 0.3 4
551k-600k 21 22 5 0.2 5.7
601k-650k 13 15 0.2 5.2
651k-700k 7 14 0.3 3
701k-750k 6 5 0.1 7.2
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6
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
1.7m-1.8m 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 8 11 5 0.2 4.4
101k-125k 26 36 4 0.2 4.3
126k-150k 88 68 10 0.1 7.8
151k-175k 128 113 17 0.1 6.8
176k-200k 171 131 19 0.1 7.8
201k-225k 146 92 14 0.1 9.5
226k-250k 132 93 6 0.1 8.5
251k-275k 79 48 6 0.1 9.9
276k-300k 49 31 5 0.1 9.5
301k-325k 35 15 3 0.1 14
326k-350k 26 19 5 0.1 8.2
351k-375k 18 11 0.1 9.8
376k-400k 16 5 0.1 19.2
401k-425k 4 7 1 0.3 3.4
426k-450k 9 7 0.1 7.7
451k-475k 5 7 2 0.2 4.3
476k-500k 8 8 1 0.2 6
501k-550k 14 21 4 0.3 4
551k-600k 11 5 0.1 13.2
601k-650k 10 4 0.1 15
651k-700k 8 2 0 24
701k-750k 1 5 2 0.8 1.2
751k-800k 1 0
801k-850k 4 0
851k-900k 3 2 2 0.1 9
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 16 2 0.2 5.3
26k-50k 146 5 1 0 175.2
51k-75k 9 23 3 0.4 2.3
76k-100k 47 19 4 0.1 14.8
101k-125k 24 16 1 0.1 9
126k-150k 28 12 1 0.1 14
151k-175k 18 5 1 0 21.6
176k-200k 14 4 1 0 21
201k-225k 8 4 1 0.1 12
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 14 3 0 28
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 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 5 0.1 18
651k-700k 8 3 1 0.1 16
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 2 0
951k-1m 4 0
1m-1.1m 4 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 2 1 0.2 6
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