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
76k-100k 1 0
101k-125k 1 3 0.5 2
126k-150k 1 11 2 1.8 0.5
151k-175k 9 17 3 0.3 3.2
176k-200k 21 29 6 0.2 4.3
201k-225k 17 36 9 0.4 2.8
226k-250k 26 78 23 0.5 2
251k-275k 32 99 19 0.5 1.9
276k-300k 70 121 20 0.3 3.5
301k-325k 56 115 16 0.3 2.9
326k-350k 106 164 30 0.3 3.9
351k-375k 77 164 29 0.4 2.8
376k-400k 105 207 38 0.3 3
401k-425k 72 158 23 0.4 2.7
426k-450k 106 162 15 0.3 3.9
451k-475k 54 110 16 0.3 2.9
476k-500k 76 127 21 0.3 3.6
501k-550k 125 185 26 0.2 4.1
551k-600k 98 142 27 0.2 4.1
601k-650k 67 141 17 0.4 2.9
651k-700k 67 101 14 0.3 4
701k-750k 47 75 12 0.3 3.8
751k-800k 38 76 13 0.3 3
801k-850k 26 59 6 0.4 2.6
851k-900k 44 46 8 0.2 5.7
901k-950k 29 45 2 0.3 3.9
951k-1m 21 40 8 0.3 3.2
1m-1.1m 34 42 4 0.2 4.9
1.1m-1.2m 22 44 6 0.3 3
1.2m-1.3m 24 43 6 0.3 3.3
1.3m-1.4m 19 34 3 0.3 3.4
1.4m-1.5m 9 28 3 0.5 1.9
1.5m-1.6m 14 22 1 0.3 3.8
1.6m-1.7m 13 26 0.3 3
1.7m-1.8m 12 16 3 0.2 4.5
1.8m-1.9m 6 15 0.4 2.4
1.9m-2m 6 11 4 0.3 3.3
2m-2.25m 15 25 4 0.3 3.6
2.25m-2.5m 26 17 4 0.1 9.2
2.5m-2.75m 19 14 4 0.1 8.1
2.75m-3m 16 9 2 0.1 10.7
3m-3.5m 18 14 1 0.1 7.7
3.5m-4m 20 12 6 0.1 10
4m-4.5m 7 9 1 0.2 4.7
4.5m-5m 6 6 0.2 6
5.01m-6m 5 3 2 0.1 10
6.01m-7m 2 3 1 0.3 4
7.01m-8m 10 0
8.01m-9m 1 0
9.01m-10m 1 2 0.3 3
11.01m-12m 1 1 0.2 6
15.01m-16m 1 0
19.01m-20m 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
1k-25k 1 0
26k-50k 1 0.2 0
126k-150k 1 0
151k-175k 2 0
176k-200k 8 6 3 0.1 8
201k-225k 8 21 3 0.4 2.3
226k-250k 29 34 2 0.2 5.1
251k-275k 22 54 7 0.4 2.4
276k-300k 38 37 5 0.2 6.2
301k-325k 35 44 15 0.2 4.8
326k-350k 33 27 6 0.1 7.3
351k-375k 15 28 3 0.3 3.2
376k-400k 24 36 2 0.3 4
401k-425k 17 24 4 0.2 4.3
426k-450k 15 16 1 0.2 5.6
451k-475k 9 14 2 0.3 3.9
476k-500k 14 11 2 0.1 7.6
501k-550k 17 24 1 0.2 4.3
551k-600k 14 15 0.2 5.6
601k-650k 13 19 2 0.2 4.1
651k-700k 15 15 1 0.2 6
701k-750k 12 15 4 0.2 4.8
751k-800k 16 16 5 0.2 6
801k-850k 14 8 1 0.1 10.5
851k-900k 8 9 3 0.2 5.3
901k-950k 6 9 3 0.3 4
951k-1m 7 7 0.2 6
1m-1.1m 7 2 0 21
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 6 2 2 0.1 18
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0.5 0
2m-2.25m 2 0.3 0
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0
4m-4.5m 1 1 1 0.2 6

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
51k-75k 2 0.3 0
76k-100k 4 9 4 0.4 2.7
101k-125k 23 28 4 0.2 4.9
126k-150k 35 36 5 0.2 5.8
151k-175k 47 54 5 0.2 5.2
176k-200k 65 52 4 0.1 7.5
201k-225k 69 46 6 0.1 9
226k-250k 65 43 3 0.1 9.1
251k-275k 26 26 2 0.2 6
276k-300k 29 21 2 0.1 8.3
301k-325k 30 23 1 0.1 7.8
326k-350k 22 20 2 0.2 6.6
351k-375k 4 11 2 0.5 2.2
376k-400k 16 14 2 0.1 6.9
401k-425k 10 13 1 0.2 4.6
426k-450k 15 13 0.1 6.9
451k-475k 10 10 2 0.2 6
476k-500k 5 11 2 0.4 2.7
501k-550k 8 17 2 0.4 2.8
551k-600k 14 7 0.1 12
601k-650k 10 14 5 0.2 4.3
651k-700k 6 10 3 0.3 3.6
701k-750k 7 4 1 0.1 10.5
751k-800k 5 7 0.2 4.3
801k-850k 5 4 1 0.1 7.5
851k-900k 4 1 0 24
901k-950k 2 2 1 0.2 6
951k-1m 5 6 0.2 5
1m-1.1m 5 3 1 0.1 10
1.1m-1.2m 8 3 1 0.1 16
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 1 5 0.8 1.2
1.4m-1.5m 5 5 1 0.2 6
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 8 1 1.3 0.8
1.7m-1.8m 3 5 0.3 3.6
1.8m-1.9m 7 10 0.2 4.2
1.9m-2m 3 7 0.4 2.6
2m-2.25m 11 22 3 0.3 3
2.25m-2.5m 16 9 0.1 10.7
2.5m-2.75m 9 7 0.1 7.7
2.75m-3m 7 6 0.1 7
3m-3.5m 5 5 0.2 6
3.5m-4m 7 4 0.1 10.5
4m-4.5m 4 0
4.5m-5m 5 0
5.01m-6m 2 4 0.3 3
6.01m-7m 3 0
7.01m-8m 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
26k-50k 2 6 0.5 2
51k-75k 2 11 1 0.9 1.1
76k-100k 15 14 4 0.2 6.4
101k-125k 16 7 3 0.1 13.7
126k-150k 16 5 0.1 19.2
151k-175k 9 9 1 0.2 6
176k-200k 20 5 0 24
201k-225k 7 5 2 0.1 8.4
226k-250k 7 2 1 0 21
251k-275k 5 4 0.1 7.5
276k-300k 7 1 0 42
301k-325k 4 0
326k-350k 13 1 0 78
351k-375k 3 1 1 0.1 18
376k-400k 3 3 0.2 6
401k-425k 4 3 1 0.1 8
426k-450k 7 1 0 42
451k-475k 1 2 1 0.3 3
476k-500k 4 0
501k-550k 3 3 0.2 6
551k-600k 6 0
601k-650k 4 5 1 0.2 4.8
651k-700k 4 0
701k-750k 7 0
751k-800k 4 1 0 24
801k-850k 1 0
851k-900k 7 3 1 0.1 14
901k-950k 4 0
951k-1m 3 1 0.1 18
1m-1.1m 2 1 0.3 0
1.1m-1.2m 7 2 1 0 21
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 6 1 0 36
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 7 0
2.75m-3m 9 0
3.5m-4m 1 0.2 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 3 0
10.01m-11m 1 0
16.01m-17m 1 0