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 6 1 1
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 63 13 0.3 3
251k-275k 44 101 15 0.4 2.6
276k-300k 84 139 24 0.3 3.6
301k-325k 91 161 25 0.3 3.4
326k-350k 92 219 26 0.4 2.5
351k-375k 103 221 38 0.4 2.8
376k-400k 111 250 31 0.4 2.7
401k-425k 90 204 26 0.4 2.6
426k-450k 103 170 20 0.3 3.6
451k-475k 78 162 30 0.3 2.9
476k-500k 88 152 19 0.3 3.5
501k-550k 128 219 41 0.3 3.5
551k-600k 114 141 20 0.2 4.9
601k-650k 75 142 18 0.3 3.2
651k-700k 66 95 13 0.2 4.2
701k-750k 56 80 6 0.2 4.2
751k-800k 38 72 7 0.3 3.2
801k-850k 37 60 12 0.3 3.7
851k-900k 46 59 5 0.2 4.7
901k-950k 23 41 9 0.3 3.4
951k-1m 36 42 10 0.2 5.1
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 9 1 0.2 5.3
1.9m-2m 14 6 1 0.1 14
2m-2.25m 14 10 2 0.1 8.4
2.25m-2.5m 2 7 2 0.6 1.7
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 24 2 0.2 5.3
301k-325k 17 24 3 0.2 4.3
326k-350k 24 34 7 0.2 4.2
351k-375k 27 50 6 0.3 3.2
376k-400k 30 50 12 0.3 3.6
401k-425k 26 49 5 0.3 3.2
426k-450k 25 31 6 0.2 4.8
451k-475k 10 11 1 0.2 5.5
476k-500k 11 12 2 0.2 5.5
501k-550k 13 21 4 0.3 3.7
551k-600k 20 28 9 0.2 4.3
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 36 7 0.2 5
126k-150k 88 63 7 0.1 8.4
151k-175k 120 108 12 0.2 6.7
176k-200k 175 122 16 0.1 8.6
201k-225k 151 74 7 0.1 12.2
226k-250k 138 89 11 0.1 9.3
251k-275k 81 44 7 0.1 11
276k-300k 45 29 7 0.1 9.3
301k-325k 36 11 2 0.1 19.6
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 5 0.1 8.4
451k-475k 4 5 2 0.2 4.8
476k-500k 9 9 2 0.2 6
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 21 1 0.4 2.6
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