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
126k-150k 1 0.2 0
176k-200k 2 1 0.1 12
201k-225k 3 2 0.5 0
226k-250k 1 4 1 0.7 1.5
251k-275k 3 6 0.3 3
276k-300k 3 8 3 0.4 2.3
301k-325k 3 9 2 0.5 2
326k-350k 18 16 3 0.1 6.8
351k-375k 15 24 5 0.3 3.8
376k-400k 11 17 1 0.3 3.9
401k-425k 12 17 6 0.2 4.2
426k-450k 19 17 3 0.1 6.7
451k-475k 5 14 1 0.5 2.1
476k-500k 12 17 3 0.2 4.2
501k-550k 14 21 3 0.3 4
551k-600k 21 13 1 0.1 9.7
601k-650k 10 17 7 0.3 3.5
651k-700k 11 9 1 0.1 7.3
701k-750k 11 12 3 0.2 5.5
751k-800k 14 11 2 0.1 7.6
801k-850k 8 7 0.1 6.9
851k-900k 7 9 0.2 4.7
901k-950k 4 4 0.2 6
951k-1m 12 5 1 0.1 14.4
1m-1.1m 5 5 0.2 6
1.1m-1.2m 7 5 1 0.1 8.4
1.2m-1.3m 4 7 1 0.3 3.4
1.3m-1.4m 6 9 1 0.3 4
1.4m-1.5m 5 4 0.1 7.5
1.5m-1.6m 6 6 1 0.2 6
1.6m-1.7m 6 5 2 0.1 7.2
1.7m-1.8m 7 4 1 0.1 10.5
1.8m-1.9m 5 9 3 0.3 3.3
1.9m-2m 7 6 0.1 7
2m-2.25m 12 6 1 0.1 12
2.25m-2.5m 17 8 0.1 12.8
2.5m-2.75m 4 6 1 0.3 4
2.75m-3m 9 3 0.1 18
3m-3.5m 2 2 1 0.2 6
3.5m-4m 12 3 2 0 24
4m-4.5m 6 3 0.1 12
4.5m-5m 4 1 1 0 24
5.01m-6m 9 1 0 54
6.01m-7m 3 1 0.1 18
7.01m-8m 4 1 0 24
8.01m-9m 2 0
9.01m-10m 2 1 1 0.1 12
10.01m-11m 1 1 0.2 0
11.01m-12m 1 0
14.01m-15m 1 0
15.01m-16m 1 0
19.01m-20m 1 0
24.01m-25m 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
151k-175k 1 1 0.2 0
351k-375k 1 0
376k-400k 6 1 0 36
401k-425k 1 0
426k-450k 1 0.2 0
701k-750k 1 0
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 1 0.2 0
901k-950k 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
3m-3.5m 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
1k-25k 2 0
26k-50k 1 0
51k-75k 1 0
76k-100k 7 2 1 0 21
101k-125k 1 2 0.3 3
126k-150k 1 1 0.2 6
151k-175k 9 7 1 0.1 7.7
176k-200k 7 5 0.1 8.4
201k-225k 3 3 1 0.2 6
226k-250k 1 1 0.2 6
251k-275k 3 1 1 0.1 18
276k-300k 6 3 1 0.1 12
301k-325k 3 4 1 0.2 4.5
326k-350k 3 1 1 0.1 18
351k-375k 4 2 0.1 12
376k-400k 3 2 0.1 9
401k-425k 1 0
426k-450k 3 2 0.1 9
451k-475k 1 0
476k-500k 8 5 0.1 9.6
501k-550k 4 5 0.2 4.8
551k-600k 4 5 2 0.2 4.8
601k-650k 4 1 0 24
651k-700k 4 2 0.1 12
701k-750k 4 4 2 0.2 6
751k-800k 5 6 0.2 5
801k-850k 6 2 0.1 18
851k-900k 3 4 1 0.2 4.5
901k-950k 4 2 0.1 12
951k-1m 5 3 0.1 10
1m-1.1m 7 4 1 0.1 10.5
1.1m-1.2m 4 0
1.2m-1.3m 8 5 1 0.1 9.6
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 5 3 1 0.1 10
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0.3 0
1.9m-2m 1 2 2 0.3 3
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0.3 0
2.75m-3m 1 1 0.2 6
3m-3.5m 3 1 0.1 18
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0
6.01m-7m 2 0
7.01m-8m 2 1 1 0.1 12
8.01m-9m 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
51k-75k 1 0
126k-150k 1 0
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
326k-350k 2 0
451k-475k 1 0
476k-500k 2 1 0.1 12
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
751k-800k 1 0
851k-900k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4.5m-5m 3 0
6.01m-7m 2 0
9.01m-10m 2 0
11.01m-12m 1 0
15.01m-16m 1 0