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 2 0.3 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 1 0.3 0
151k-175k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 2 4 1 0.3 3
226k-250k 6 6 3 0.2 6
251k-275k 5 11 4 0.4 2.7
276k-300k 10 13 3 0.2 4.6
301k-325k 15 28 6 0.3 3.2
326k-350k 17 41 4 0.4 2.5
351k-375k 31 69 16 0.4 2.7
376k-400k 42 91 16 0.4 2.8
401k-425k 30 69 11 0.4 2.6
426k-450k 30 38 7 0.2 4.7
451k-475k 18 25 7 0.2 4.3
476k-500k 15 20 1 0.2 4.5
501k-550k 18 22 8 0.2 4.9
551k-600k 10 18 6 0.3 3.3
601k-650k 14 17 0.2 4.9
651k-700k 8 10 2 0.2 4.8
701k-750k 6 8 1 0.2 4.5
751k-800k 3 5 0.3 3.6
801k-850k 6 1 0 36
851k-900k 3 3 0.2 6
901k-950k 1 4 0.7 1.5
951k-1m 1 3 0.5 2
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 4 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 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
201k-225k 1 0
226k-250k 14 3 2.3 0
251k-275k 5 18 7 0.6 1.7
276k-300k 9 27 7 0.5 2
301k-325k 2 13 1 1.1 0.9
326k-350k 3 3 0.2 6
351k-375k 3 1 0.1 18
376k-400k 1 1 0.2 6
401k-425k 1 1 0.2 0
551k-600k 1 0
601k-650k 1 0.2 0
651k-700k 1 0
701k-750k 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
151k-175k 1 0
176k-200k 1 0
201k-225k 3 1 0.1 18
226k-250k 2 0
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 1 0
426k-450k 2 0
451k-475k 5 1 0 30
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 5 0
601k-650k 3 0
651k-700k 1 1 0.2 6
851k-900k 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 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
26k-50k 7 3 2 0.1 14
51k-75k 3 1 0.5 0
76k-100k 1 1 0.2 6
151k-175k 1 0
226k-250k 2 0
251k-275k 1 0
276k-300k 1 0
376k-400k 1 0
401k-425k 1 0.2 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 0
701k-750k 1 0
801k-850k 1 0
901k-950k 1 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 1 0
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 3 1 1 0.1 18