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

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 6 10 3 0.3 3.6
101k-125k 20 26 2 0.2 4.6
126k-150k 37 37 7 0.2 6
151k-175k 47 46 3 0.2 6.1
176k-200k 68 49 10 0.1 8.3
201k-225k 61 44 7 0.1 8.3
226k-250k 67 32 2 0.1 12.6
251k-275k 27 22 6 0.1 7.4
276k-300k 35 21 3 0.1 10
301k-325k 28 18 1 0.1 9.3
326k-350k 23 15 2 0.1 9.2
351k-375k 7 12 1 0.3 3.5
376k-400k 15 15 3 0.2 6
401k-425k 8 10 0.2 4.8
426k-450k 16 11 0.1 8.7
451k-475k 11 9 2 0.1 7.3
476k-500k 7 8 0.2 5.3
501k-550k 10 17 3 0.3 3.5
551k-600k 10 8 1 0.1 7.5
601k-650k 10 12 0.2 5
651k-700k 8 9 0.2 5.3
701k-750k 10 5 1 0.1 12
751k-800k 3 8 2 0.4 2.3
801k-850k 6 5 1 0.1 7.2
851k-900k 3 1 0.1 18
901k-950k 2 2 0.2 6
951k-1m 6 6 0.2 6
1m-1.1m 6 5 2 0.1 7.2
1.1m-1.2m 5 3 0.1 10
1.2m-1.3m 4 3 1 0.1 8
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 4 6 2 0.3 4
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 5 2 0.8 1.2
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 7 3 0.1 14
1.9m-2m 4 2 1 0.1 12
2m-2.25m 10 14 3 0.2 4.3
2.25m-2.5m 18 9 2 0.1 12
2.5m-2.75m 8 3 0.1 16
2.75m-3m 6 0
3m-3.5m 6 5 0.1 7.2
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