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 1 0.3 0
101k-125k 1 0.2 0
126k-150k 2 7 1 0.6 1.7
151k-175k 3 17 6 0.9 1.1
176k-200k 8 36 11 0.8 1.3
201k-225k 13 39 7 0.5 2
226k-250k 26 63 8 0.4 2.5
251k-275k 45 107 15 0.4 2.5
276k-300k 94 152 18 0.3 3.7
301k-325k 89 173 29 0.3 3.1
326k-350k 100 252 36 0.4 2.4
351k-375k 99 236 39 0.4 2.5
376k-400k 120 265 45 0.4 2.7
401k-425k 98 228 29 0.4 2.6
426k-450k 104 198 23 0.3 3.2
451k-475k 79 172 26 0.4 2.8
476k-500k 112 170 25 0.3 4
501k-550k 117 241 36 0.3 2.9
551k-600k 129 159 25 0.2 4.9
601k-650k 77 155 14 0.3 3
651k-700k 74 111 9 0.3 4
701k-750k 55 98 12 0.3 3.4
751k-800k 41 83 11 0.3 3
801k-850k 45 73 8 0.3 3.7
851k-900k 40 60 10 0.3 4
901k-950k 30 41 3 0.2 4.4
951k-1m 39 43 4 0.2 5.4
1m-1.1m 27 44 6 0.3 3.7
1.1m-1.2m 29 26 3 0.1 6.7
1.2m-1.3m 24 31 5 0.2 4.6
1.3m-1.4m 33 32 3 0.2 6.2
1.4m-1.5m 22 14 3 0.1 9.4
1.5m-1.6m 14 20 4 0.2 4.2
1.6m-1.7m 10 9 2 0.2 6.7
1.7m-1.8m 11 8 0.1 8.3
1.8m-1.9m 11 11 2 0.2 6
1.9m-2m 14 6 1 0.1 14
2m-2.25m 13 10 1 0.1 7.8
2.25m-2.5m 1 7 1 1.2 0.9
2.5m-2.75m 2 2 0.2 6
2.75m-3m 6 4 1 0.1 9
3m-3.5m 5 7 0.2 4.3
3.5m-4m 6 4 0.1 9
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 1 1 0.2 6
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
14.01m-15m 1 0
15.01m-16m 1 0
19.01m-20m 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 2 0.3 0
176k-200k 1 3 0.5 2
201k-225k 1 5 2 0.8 1.2
226k-250k 10 17 3 0.3 3.5
251k-275k 8 15 3 0.3 3.2
276k-300k 16 28 4 0.3 3.4
301k-325k 18 27 4 0.3 4
326k-350k 29 33 5 0.2 5.3
351k-375k 31 48 5 0.3 3.9
376k-400k 29 51 5 0.3 3.4
401k-425k 25 51 9 0.3 2.9
426k-450k 20 39 4 0.3 3.1
451k-475k 13 17 5 0.2 4.6
476k-500k 12 17 3 0.2 4.2
501k-550k 16 27 4 0.3 3.6
551k-600k 23 22 6 0.2 6.3
601k-650k 13 16 1 0.2 4.9
651k-700k 9 15 0.3 3.6
701k-750k 7 5 0.1 8.4
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 4 5 0.2 4.8
76k-100k 10 9 2 0.2 6.7
101k-125k 21 39 3 0.3 3.2
126k-150k 81 70 15 0.1 6.9
151k-175k 135 119 23 0.1 6.8
176k-200k 170 135 22 0.1 7.6
201k-225k 144 97 12 0.1 8.9
226k-250k 130 98 10 0.1 8
251k-275k 80 52 8 0.1 9.2
276k-300k 56 32 4 0.1 10.5
301k-325k 37 15 2 0.1 14.8
326k-350k 24 18 4 0.1 8
351k-375k 16 12 0.1 8
376k-400k 16 6 1 0.1 16
401k-425k 3 7 1 0.4 2.6
426k-450k 9 8 0.1 6.8
451k-475k 5 5 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 14 20 2 0.2 4.2
551k-600k 9 6 0.1 9
601k-650k 10 5 1 0.1 12
651k-700k 5 3 0.1 10
701k-750k 3 5 2 0.3 3.6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 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 12 20 3 0.3 3.6
26k-50k 145 4 0 217.5
51k-75k 7 25 5 0.6 1.7
76k-100k 49 19 0.1 15.5
101k-125k 23 16 0.1 8.6
126k-150k 27 13 0.1 12.5
151k-175k 21 4 1 0 31.5
176k-200k 13 4 3 0.1 19.5
201k-225k 7 3 0.1 14
226k-250k 11 1 0 66
251k-275k 10 0
276k-300k 13 3 1 0 26
301k-325k 14 1 1 0 84
326k-350k 5 0
351k-375k 2 0
376k-400k 6 4 0.1 9
401k-425k 3 3 1 0.2 6
426k-450k 7 2 0 21
451k-475k 2 1 0.1 12
476k-500k 9 0
501k-550k 7 1 0 42
551k-600k 3 3 1 0.2 6
601k-650k 15 5 1 0.1 18
651k-700k 7 3 1 0.1 14
701k-750k 8 1 0 48
751k-800k 3 2 1 0.1 9
801k-850k 1 3 0.5 2
851k-900k 1 0
901k-950k 1 0
951k-1m 5 1 0 30
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 5 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
2.75m-3m 2 0
3m-3.5m 5 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