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
226k-250k 3 1 0.1 18
251k-275k 2 7 3 0.6 1.7
276k-300k 6 11 1 0.3 3.3
301k-325k 6 23 10 0.6 1.6
326k-350k 41 91 31 0.4 2.7
351k-375k 40 100 32 0.4 2.4
376k-400k 86 128 26 0.2 4
401k-425k 66 113 25 0.3 3.5
426k-450k 67 83 11 0.2 4.8
451k-475k 43 52 8 0.2 5
476k-500k 41 48 10 0.2 5.1
501k-550k 39 73 13 0.3 3.2
551k-600k 46 60 9 0.2 4.6
601k-650k 35 34 7 0.2 6.2
651k-700k 25 24 5 0.2 6.3
701k-750k 19 14 2 0.1 8.1
751k-800k 6 10 1 0.3 3.6
801k-850k 7 12 3 0.3 3.5
851k-900k 11 6 1 0.1 11
901k-950k 6 3 0.1 12
951k-1m 4 3 1 0.1 8
1m-1.1m 4 4 1 0.2 6
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 2 2 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 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
251k-275k 3 4 4 0.2 4.5
276k-300k 5 8 5 0.3 3.8
301k-325k 5 6 1 0.2 5
326k-350k 7 1 1 0 42
376k-400k 12 0
401k-425k 7 2 0 21
426k-450k 2 1 0.1 12
476k-500k 1 0.2 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
101k-125k 1 0
151k-175k 1 0
176k-200k 2 1 0.1 12
201k-225k 3 1 0.5 0
226k-250k 2 3 0.3 4
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 1 0
376k-400k 1 0
401k-425k 2 0.3 0
451k-475k 1 0
501k-550k 4 0
551k-600k 2 1 1 0.1 12
601k-650k 1 0
751k-800k 3 0
851k-900k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0
4m-4.5m 1 0