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 Since 12/31 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
1k-25k 1 0.2 0
26k-50k 2 0.3 0
51k-75k 1 3 0.5 2
76k-100k 1 8 1 1.3 0.8
101k-125k 3 20 2 1.1 0.9
126k-150k 20 47 8 0.4 2.6
151k-175k 52 94 14 0.3 3.3
176k-200k 78 160 21 0.3 2.9
201k-225k 119 234 32 0.3 3.1
226k-250k 212 359 39 0.3 3.5
251k-275k 216 390 45 0.3 3.3
276k-300k 346 510 63 0.2 4.1
301k-325k 301 397 60 0.2 4.5
326k-350k 258 251 38 0.2 6.2
351k-375k 136 169 22 0.2 4.8
376k-400k 120 112 13 0.2 6.4
401k-425k 62 78 8 0.2 4.8
426k-450k 48 69 9 0.2 4.2
451k-475k 25 47 4 0.3 3.2
476k-500k 30 39 8 0.2 4.6
501k-550k 38 40 10 0.2 5.7
551k-600k 31 33 3 0.2 5.6
601k-650k 29 28 0.2 6.2
651k-700k 19 16 3 0.1 7.1
701k-750k 11 9 0.1 7.3
751k-800k 12 5 1 0.1 14.4
801k-850k 9 8 1 0.1 6.8
851k-900k 8 6 0.1 8
901k-950k 4 4 1 0.2 6
951k-1m 10 9 2 0.2 6.7
1m-1.1m 10 3 1 0.1 20
1.1m-1.2m 12 4 0.1 18
1.2m-1.3m 7 5 1 0.1 8.4
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 5 1 0 30
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 5 0
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 0
1.9m-2m 4 1 0 24
2m-2.25m 3 3 1 0.2 6
2.25m-2.5m 8 2 1 0 24
2.5m-2.75m 5 2 0.1 15
2.75m-3m 7 0
3m-3.5m 5 0
3.5m-4m 7 1 1 0 42
4m-4.5m 3 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
14.01m-15m 1 0
26.01m-27m 1 0.2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 2 0
126k-150k 2 0.3 0
151k-175k 1 2 0.3 3
176k-200k 3 6 1 0.3 3
201k-225k 6 11 2 0.3 3.3
226k-250k 19 38 3 0.3 3
251k-275k 11 10 0.2 6.6
276k-300k 1 0.2 0
301k-325k 1 0.2 0
326k-350k 1 0
476k-500k 1 0
651k-700k 1 0.2 0
751k-800k 1 2 1 0.3 3
801k-850k 1 1 1 0.2 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 1 0.3 4
101k-125k 7 19 4 0.5 2.2
126k-150k 17 23 3 0.2 4.4
151k-175k 13 7 2 0.1 11.1
176k-200k 5 2 0.1 15
201k-225k 3 2 0.1 9
226k-250k 3 2 0.1 9
451k-475k 2 0
476k-500k 2 0
501k-550k 1 0.2 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 68 218 23 0.5 1.9
26k-50k 260 431 51 0.3 3.6
51k-75k 114 84 21 0.1 8.1
76k-100k 58 25 1 0.1 13.9
101k-125k 18 6 0.1 18
126k-150k 13 8 2 0.1 9.8
151k-175k 8 1 0 48
176k-200k 11 2 1 0 33
201k-225k 4 6 2 0.3 4
226k-250k 10 7 1 0.1 8.6
251k-275k 1 2 1 0.3 3
276k-300k 9 1 0 54
301k-325k 6 1 0 36
326k-350k 6 3 1 0.1 12
351k-375k 2 2 2 0.2 6
376k-400k 3 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 1 0
451k-475k 1 0
476k-500k 11 2 1 0 33
501k-550k 4 2 0.1 12
551k-600k 8 0
601k-650k 1 1 0.2 6
651k-700k 4 1 0 24
701k-750k 5 1 1 0 30
751k-800k 5 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 0
901k-950k 1 1 0.2 6
951k-1m 6 0
1m-1.1m 1 0
1.1m-1.2m 5 1 1 0 30
1.2m-1.3m 2 3 1 0.3 4
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 5 2 0.1 15
1.6m-1.7m 2 0
1.7m-1.8m 5 0
1.9m-2m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 2 0
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 1 1 0.2 6
4m-4.5m 2 0.3 0
4.5m-5m 1 0
5.01m-6m 4 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
31.01m-32m 1 0.2 0