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 2 7 4 0.6 1.7
151k-175k 3 12 4 0.7 1.5
176k-200k 9 21 4 0.4 2.6
201k-225k 17 26 7 0.3 3.9
226k-250k 42 41 10 0.2 6.1
251k-275k 35 52 14 0.2 4
276k-300k 67 80 16 0.2 5
301k-325k 46 82 7 0.3 3.4
326k-350k 72 120 12 0.3 3.6
351k-375k 53 95 7 0.3 3.3
376k-400k 92 105 18 0.2 5.3
401k-425k 44 76 7 0.3 3.5
426k-450k 62 94 13 0.3 4
451k-475k 47 56 6 0.2 5
476k-500k 47 76 11 0.3 3.7
501k-550k 73 95 15 0.2 4.6
551k-600k 56 69 4 0.2 4.9
601k-650k 38 56 8 0.2 4.1
651k-700k 40 41 5 0.2 5.9
701k-750k 17 41 12 0.4 2.5
751k-800k 32 36 11 0.2 5.3
801k-850k 22 29 4 0.2 4.6
851k-900k 30 30 5 0.2 6
901k-950k 30 6 2 0 30
951k-1m 20 19 5 0.2 6.3
1m-1.1m 20 16 3 0.1 7.5
1.1m-1.2m 21 18 2 0.1 7
1.2m-1.3m 23 20 2 0.1 6.9
1.3m-1.4m 15 18 2 0.2 5
1.4m-1.5m 10 11 0.2 5.5
1.5m-1.6m 12 11 5 0.2 6.5
1.6m-1.7m 4 10 1 0.4 2.4
1.7m-1.8m 8 5 2 0.1 9.6
1.8m-1.9m 7 4 0.1 10.5
1.9m-2m 3 7 0.4 2.6
2m-2.25m 9 10 0.2 5.4
2.25m-2.5m 8 6 1 0.1 8
2.5m-2.75m 8 7 0.1 6.9
2.75m-3m 5 4 2 0.1 7.5
3m-3.5m 6 2 1 0.1 18
3.5m-4m 7 4 0.1 10.5
4m-4.5m 2 0
4.5m-5m 5 0
5.01m-6m 6 3 1 0.1 12
6.01m-7m 5 1 0 30
7.01m-8m 2 1 0.1 12
9.01m-10m 2 1 0.1 12
12.01m-13m 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
126k-150k 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 1 2 0.3 3
201k-225k 2 0
226k-250k 1 0.2 0
251k-275k 5 1 0 30
276k-300k 4 4 0.2 6
301k-325k 1 5 0.8 1.2
326k-350k 2 0
351k-375k 3 5 1 0.3 3.6
376k-400k 1 6 1 1
401k-425k 6 1 0
426k-450k 3 5 1 0.3 3.6
451k-475k 1 3 0.5 2
476k-500k 4 1 0 24
501k-550k 6 5 0.1 7.2
551k-600k 7 3 1 0.1 14
601k-650k 8 8 2 0.2 6
651k-700k 7 16 3 0.4 2.6
701k-750k 9 10 1 0.2 5.4
751k-800k 14 3 0 28
801k-850k 6 8 2 0.2 4.5
851k-900k 7 7 0.2 6
901k-950k 3 4 0.2 4.5
951k-1m 1 6 1 1
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 1 1 0.2 0
2m-2.25m 1 1 0.2 6
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
26k-50k 1 2 0.3 3
51k-75k 6 9 4 0.3 4
76k-100k 26 34 7 0.2 4.6
101k-125k 43 44 6 0.2 5.9
126k-150k 55 55 11 0.2 6
151k-175k 75 44 4 0.1 10.2
176k-200k 44 33 5 0.1 8
201k-225k 53 22 5 0.1 14.5
226k-250k 47 28 6 0.1 10.1
251k-275k 31 21 2 0.1 8.9
276k-300k 19 14 2 0.1 8.1
301k-325k 21 14 2 0.1 9
326k-350k 25 17 3 0.1 8.8
351k-375k 15 9 2 0.1 10
376k-400k 33 10 3 0.1 19.8
401k-425k 12 11 0.2 6.5
426k-450k 25 10 0.1 15
451k-475k 11 4 1 0.1 16.5
476k-500k 14 11 0.1 7.6
501k-550k 22 17 4 0.1 7.8
551k-600k 10 10 2 0.2 6
601k-650k 8 8 3 0.2 6
651k-700k 10 11 1 0.2 5.5
701k-750k 6 7 0.2 5.1
751k-800k 2 7 0.6 1.7
801k-850k 7 4 0.1 10.5
851k-900k 6 2 0.1 18
901k-950k 3 8 2 0.4 2.3
951k-1m 10 4 0.1 15
1m-1.1m 4 7 1 0.3 3.4
1.1m-1.2m 8 9 4 0.2 5.3
1.2m-1.3m 6 8 0.2 4.5
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 7 1 0.6 1.7
1.5m-1.6m 6 6 2 0.2 6
1.6m-1.7m 6 3 1 0.1 12
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 1 0 30
1.9m-2m 2 2 0.2 6
2m-2.25m 10 3 0.1 20
2.25m-2.5m 2 3 1 0.3 4
2.5m-2.75m 2 2 0.2 6
2.75m-3m 7 1 0 42
3m-3.5m 9 0
3.5m-4m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 1 0
7.01m-8m 1 0.2 0
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
1k-25k 1 0
51k-75k 1 0
76k-100k 4 6 1 0.3 4
101k-125k 4 1 0 24
126k-150k 7 4 2 0.1 10.5
151k-175k 2 1 0.1 12
176k-200k 2 3 0.3 4
201k-225k 2 10 5 0.8 1.2
226k-250k 6 5 0.1 7.2
251k-275k 4 2 1 0.1 12
276k-300k 8 2 0 24
301k-325k 1 0.2 0
326k-350k 3 1 0.1 18
351k-375k 2 0
376k-400k 2 1 1 0.1 12
401k-425k 3 0
426k-450k 3 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 3 1 0.1 18
601k-650k 2 1 0.1 12
651k-700k 1 0
701k-750k 1 0
751k-800k 1 2 1 0.3 3
801k-850k 2 3 0.3 4
851k-900k 1 1 1 0.2 6
901k-950k 1 0
951k-1m 3 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 0
1.2m-1.3m 3 1 0.5 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 0
1.7m-1.8m 3 0
1.8m-1.9m 2 0
1.9m-2m 4 0
2m-2.25m 3 0
2.5m-2.75m 3 0
2.75m-3m 2 0
5.01m-6m 2 0