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 0.2 0
101k-125k 1 6 1 1 1
126k-150k 1 12 2 2 0.5
151k-175k 6 23 6 0.6 1.6
176k-200k 21 31 7 0.2 4.1
201k-225k 13 44 11 0.6 1.8
226k-250k 21 71 8 0.6 1.8
251k-275k 38 87 8 0.4 2.6
276k-300k 73 121 21 0.3 3.6
301k-325k 51 113 14 0.4 2.7
326k-350k 83 155 17 0.3 3.2
351k-375k 72 165 22 0.4 2.6
376k-400k 102 191 16 0.3 3.2
401k-425k 65 132 20 0.3 3
426k-450k 98 146 19 0.2 4
451k-475k 52 95 8 0.3 3.3
476k-500k 85 116 13 0.2 4.4
501k-550k 119 168 23 0.2 4.3
551k-600k 97 119 9 0.2 4.9
601k-650k 72 99 8 0.2 4.4
651k-700k 58 94 20 0.3 3.7
701k-750k 45 63 10 0.2 4.3
751k-800k 41 72 9 0.3 3.4
801k-850k 32 49 11 0.3 3.9
851k-900k 40 49 5 0.2 4.9
901k-950k 18 38 7 0.4 2.8
951k-1m 27 37 3 0.2 4.4
1m-1.1m 22 37 7 0.3 3.6
1.1m-1.2m 28 27 4 0.2 6.2
1.2m-1.3m 22 35 2 0.3 3.8
1.3m-1.4m 18 22 5 0.2 4.9
1.4m-1.5m 13 23 1 0.3 3.4
1.5m-1.6m 13 20 4 0.3 3.9
1.6m-1.7m 7 18 0.4 2.3
1.7m-1.8m 12 10 0.1 7.2
1.8m-1.9m 8 7 2 0.1 6.9
1.9m-2m 9 7 0.1 7.7
2m-2.25m 15 15 1 0.2 6
2.25m-2.5m 24 13 2 0.1 11.1
2.5m-2.75m 17 13 0.1 7.8
2.75m-3m 13 8 1 0.1 9.8
3m-3.5m 18 11 0.1 9.8
3.5m-4m 18 14 5 0.1 7.7
4m-4.5m 4 9 3 0.4 2.7
4.5m-5m 6 5 0.1 7.2
5.01m-6m 9 4 0.1 13.5
6.01m-7m 2 1 0.1 12
7.01m-8m 7 0
8.01m-9m 1 0
9.01m-10m 1 1 0.2 6
11.01m-12m 3 0
14.01m-15m 1 0
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 1 1 1 0.2 6
176k-200k 6 6 0.2 6
201k-225k 6 17 2 0.5 2.1
226k-250k 24 35 3 0.2 4.1
251k-275k 24 44 3 0.3 3.3
276k-300k 29 39 8 0.2 4.5
301k-325k 36 45 11 0.2 4.8
326k-350k 26 34 11 0.2 4.6
351k-375k 14 29 5 0.3 2.9
376k-400k 20 28 4 0.2 4.3
401k-425k 16 19 3 0.2 5.1
426k-450k 9 13 3 0.2 4.2
451k-475k 9 11 2 0.2 4.9
476k-500k 14 14 2 0.2 6
501k-550k 17 19 0.2 5.4
551k-600k 9 15 2 0.3 3.6
601k-650k 17 14 0.1 7.3
651k-700k 14 13 0.2 6.5
701k-750k 10 14 2 0.2 4.3
751k-800k 12 21 6 0.3 3.4
801k-850k 11 7 1 0.1 9.4
851k-900k 13 8 2 0.1 9.8
901k-950k 4 8 1 0.3 3
951k-1m 4 9 3 0.4 2.7
1m-1.1m 6 6 3 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 6 4 1 0.1 9
1.3m-1.4m 1 4 0.7 1.5
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 2 0
4m-4.5m 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 8 2 0.3 3
101k-125k 24 29 6 0.2 5
126k-150k 31 36 4 0.2 5.2
151k-175k 48 41 5 0.1 7
176k-200k 71 49 8 0.1 8.7
201k-225k 60 43 9 0.1 8.4
226k-250k 52 24 2 0.1 13
251k-275k 26 21 2 0.1 7.4
276k-300k 35 20 2 0.1 10.5
301k-325k 26 13 1 0.1 12
326k-350k 23 12 0.1 11.5
351k-375k 6 13 2 0.4 2.8
376k-400k 17 12 0.1 8.5
401k-425k 9 8 1 0.1 6.8
426k-450k 16 8 1 0.1 12
451k-475k 7 7 1 0.2 6
476k-500k 6 7 0.2 5.1
501k-550k 11 17 2 0.3 3.9
551k-600k 12 8 2 0.1 9
601k-650k 8 11 1 0.2 4.4
651k-700k 7 11 2 0.3 3.8
701k-750k 7 5 1 0.1 8.4
751k-800k 3 6 0.3 3
801k-850k 3 4 1 0.2 4.5
851k-900k 3 1 0.1 18
901k-950k 3 3 1 0.2 6
951k-1m 5 7 1 0.2 4.3
1m-1.1m 6 6 1 0.2 6
1.1m-1.2m 6 2 0.1 18
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 5 7 1 0.2 4.3
1.5m-1.6m 2 0
1.6m-1.7m 1 3 0.5 2
1.7m-1.8m 3 0
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 3 3 0.2 6
2m-2.25m 11 8 0.1 8.3
2.25m-2.5m 15 6 1 0.1 15
2.5m-2.75m 8 0
2.75m-3m 6 0
3m-3.5m 5 1 0 30
3.5m-4m 7 4 1 0.1 10.5
4m-4.5m 2 0
4.5m-5m 6 0
5.01m-6m 2 2 0.2 6
6.01m-7m 2 1 1 0.1 12
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
-24,000-0 1 0
1k-25k 1 1 0.2 0
26k-50k 1 6 1 1 1
51k-75k 5 8 0.3 3.8
76k-100k 16 12 2 0.1 8
101k-125k 17 4 1 0 25.5
126k-150k 18 4 0 27
151k-175k 5 6 0.2 5
176k-200k 16 3 1 0 32
201k-225k 4 4 1 0.2 6
226k-250k 5 5 1 0.2 6
251k-275k 6 3 0.1 12
276k-300k 10 1 0 60
301k-325k 8 0
326k-350k 11 1 0 66
351k-375k 4 1 0 24
376k-400k 4 2 0.1 12
401k-425k 5 1 0 30
426k-450k 7 1 0 42
451k-475k 2 0.3 0
476k-500k 4 0
501k-550k 1 3 0.5 2
551k-600k 5 0
601k-650k 9 6 2 0.1 9
651k-700k 1 2 0.3 3
701k-750k 5 0
751k-800k 8 1 0 48
801k-850k 2 1 0.1 12
851k-900k 7 2 0 21
901k-950k 4 0
951k-1m 4 0
1m-1.1m 2 3 1 0.3 4
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 5 3 0.1 10
1.3m-1.4m 2 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 7 0
2.75m-3m 11 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 1 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