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 2 0.3 0
51k-75k 2 0
76k-100k 3 5 0.3 3.6
101k-125k 2 5 2 0.4 2.4
126k-150k 4 12 3 0.5 2
151k-175k 4 28 7 1.2 0.9
176k-200k 18 29 3 0.3 3.7
201k-225k 32 47 5 0.2 4.1
226k-250k 53 68 9 0.2 4.7
251k-275k 47 53 1 0.2 5.3
276k-300k 64 60 8 0.2 6.4
301k-325k 29 52 6 0.3 3.3
326k-350k 31 59 3 0.3 3.2
351k-375k 28 49 10 0.3 3.4
376k-400k 30 49 11 0.3 3.7
401k-425k 18 34 9 0.3 3.2
426k-450k 19 22 3 0.2 5.2
451k-475k 18 25 2 0.2 4.3
476k-500k 16 20 1 0.2 4.8
501k-550k 20 31 5 0.3 3.9
551k-600k 18 20 3 0.2 5.4
601k-650k 2 9 1 0.8 1.3
651k-700k 9 17 1 0.3 3.2
701k-750k 8 7 2 0.1 6.9
751k-800k 7 4 2 0.1 10.5
801k-850k 4 5 0.2 4.8
851k-900k 4 3 1 0.1 8
901k-950k 4 0.7 0
951k-1m 2 5 0.4 2.4
1m-1.1m 5 2 0.1 15
1.1m-1.2m 5 1 0 30
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.3 0
1.4m-1.5m 3 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 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
51k-75k 2 0
101k-125k 2 0
151k-175k 1 0
176k-200k 1 0.2 0
226k-250k 8 2 2 0 24
251k-275k 6 9 0.3 4
276k-300k 9 14 1 0.3 3.9
301k-325k 5 13 0.4 2.3
326k-350k 3 3 0.2 6
351k-375k 1 4 0.7 1.5
376k-400k 2 1 0.1 12
401k-425k 2 0
426k-450k 4 0
476k-500k 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
26k-50k 4 3 0.7 0
51k-75k 7 6 2 0.1 7
76k-100k 19 12 1 0.1 9.5
101k-125k 36 24 4 0.1 9
126k-150k 31 19 1 0.1 9.8
151k-175k 24 22 3 0.2 6.5
176k-200k 17 9 1 0.1 11.3
201k-225k 22 11 1 0.1 12
226k-250k 7 12 1 0.3 3.5
251k-275k 9 4 0.1 13.5
276k-300k 5 3 0.1 10
301k-325k 4 2 0.1 12
326k-350k 3 1 0.1 18
351k-375k 2 0.3 0
376k-400k 1 0
426k-450k 4 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
-24,000-0 1 0
1k-25k 35 16 2 0.1 13.1
26k-50k 46 15 1 0.1 18.4
51k-75k 15 5 0.1 18
76k-100k 11 1 0 66
101k-125k 5 2 0.1 15
126k-150k 9 0
151k-175k 6 0
176k-200k 4 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 0
276k-300k 2 0
301k-325k 2 0
326k-350k 6 2 0.1 18
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
701k-750k 1 0
751k-800k 2 0
801k-850k 2 0
851k-900k 2 0
951k-1m 2 0
1.2m-1.3m 1 0
2.25m-2.5m 2 0