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
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 6 1 1 0
226k-250k 6 35 10 1 1
251k-275k 21 72 12 0.6 1.8
276k-300k 53 127 28 0.4 2.5
301k-325k 94 173 22 0.3 3.3
326k-350k 123 159 19 0.2 4.6
351k-375k 103 140 22 0.2 4.4
376k-400k 108 92 14 0.1 7
401k-425k 81 84 7 0.2 5.8
426k-450k 90 61 12 0.1 8.9
451k-475k 56 49 8 0.1 6.9
476k-500k 43 38 5 0.1 6.8
501k-550k 41 58 5 0.2 4.2
551k-600k 42 34 2 0.1 7.4
601k-650k 20 31 2 0.3 3.9
651k-700k 25 28 3 0.2 5.4
701k-750k 11 22 3 0.3 3
751k-800k 22 16 1 0.1 8.3
801k-850k 20 8 2 0.1 15
851k-900k 14 9 2 0.1 9.3
901k-950k 7 4 0.1 10.5
951k-1m 14 12 4 0.1 7
1m-1.1m 3 11 4 0.6 1.6
1.1m-1.2m 10 6 0.1 10
1.2m-1.3m 10 4 2 0.1 15
1.3m-1.4m 9 2 0 27
1.4m-1.5m 8 5 1 0.1 9.6
1.5m-1.6m 4 3 1 0.1 8
1.6m-1.7m 2 2 2 0.2 6
1.7m-1.8m 4 1 0 24
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 2 1 0.3 3
2m-2.25m 3 0
2.25m-2.5m 1 2 0.3 3
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 1 0.2 6
4m-4.5m 1 0
5.01m-6m 2 0.3 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
151k-175k 1 0.2 0
201k-225k 2 1 0.1 12
226k-250k 8 5 2 0.1 9.6
251k-275k 7 25 8 0.6 1.7
276k-300k 8 9 1 0.2 5.3
301k-325k 1 4 0.7 1.5
326k-350k 4 1 0 24
351k-375k 1 0
376k-400k 2 0
401k-425k 1 0
501k-550k 1 0

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
126k-150k 1 0.2 0
151k-175k 4 0.7 0
176k-200k 5 9 1 0.3 3.3
201k-225k 3 3 0.2 6
226k-250k 8 4 0.1 12
251k-275k 3 4 1 0.2 4.5
276k-300k 10 9 0.2 6.7
301k-325k 3 2 0.1 9
326k-350k 9 4 0.1 13.5
351k-375k 3 3 0.2 6
376k-400k 4 3 1 0.1 8
401k-425k 2 3 1 0.3 4
426k-450k 6 1 0 36
451k-475k 1 4 0.7 1.5
476k-500k 7 6 3 0.1 7
501k-550k 12 5 1 0.1 14.4
551k-600k 14 5 0.1 16.8
601k-650k 8 3 0.1 16
651k-700k 7 3 1 0.1 14
701k-750k 3 1 0.5 0
751k-800k 6 4 0.1 9
801k-850k 5 1 0 30
851k-900k 6 3 1 0.1 12
901k-950k 4 1 0 24
951k-1m 5 0
1m-1.1m 1 3 0.5 2
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 1 0
1.4m-1.5m 1 1 0.2 6
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6

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 5 0
26k-50k 8 12 0.3 4
51k-75k 28 224 32 1.3 0.8
76k-100k 23 37 5 0.3 3.7
101k-125k 15 13 1 0.1 6.9
126k-150k 22 8 1 0.1 16.5
151k-175k 14 3 0 28
176k-200k 18 10 0.1 10.8
201k-225k 11 3 1 0 22
226k-250k 13 6 0.1 13
251k-275k 10 1 0 60
276k-300k 24 2 0 72
301k-325k 7 3 1 0.1 14
326k-350k 13 2 1 0 39
351k-375k 4 2 1 0.1 12
376k-400k 7 1 0 42
401k-425k 2 3 0.3 4
426k-450k 1 1 0.2 6
451k-475k 2 1 0.1 12
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
601k-650k 3 0
651k-700k 4 0
701k-750k 1 1 0.2 6
751k-800k 3 4 0.2 4.5
801k-850k 2 0.3 0
851k-900k 2 0
901k-950k 1 0.2 0
951k-1m 3 2 0.1 9
1m-1.1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
10.01m-11m 1 0