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 3 1 1
126k-150k 2 10 2 0.8 1.2
151k-175k 8 20 5 0.4 2.4
176k-200k 16 31 7 0.3 3.1
201k-225k 11 38 11 0.6 1.7
226k-250k 25 69 5 0.5 2.2
251k-275k 32 92 8 0.5 2.1
276k-300k 68 121 25 0.3 3.4
301k-325k 48 113 18 0.4 2.5
326k-350k 78 163 27 0.3 2.9
351k-375k 64 157 22 0.4 2.4
376k-400k 102 199 22 0.3 3.1
401k-425k 66 139 25 0.4 2.8
426k-450k 96 142 25 0.2 4.1
451k-475k 48 98 13 0.3 2.9
476k-500k 75 120 21 0.3 3.8
501k-550k 117 181 32 0.3 3.9
551k-600k 99 122 18 0.2 4.9
601k-650k 68 107 13 0.3 3.8
651k-700k 53 105 22 0.3 3
701k-750k 45 66 13 0.2 4.1
751k-800k 33 75 14 0.4 2.6
801k-850k 30 51 11 0.3 3.5
851k-900k 37 49 10 0.2 4.5
901k-950k 22 41 4 0.3 3.2
951k-1m 23 41 6 0.3 3.4
1m-1.1m 23 37 7 0.3 3.7
1.1m-1.2m 22 30 6 0.2 4.4
1.2m-1.3m 24 36 4 0.3 4
1.3m-1.4m 15 26 5 0.3 3.5
1.4m-1.5m 16 23 0.2 4.2
1.5m-1.6m 13 20 4 0.3 3.9
1.6m-1.7m 8 20 1 0.4 2.4
1.7m-1.8m 11 10 0.2 6.6
1.8m-1.9m 6 9 3 0.3 4
1.9m-2m 9 7 0.1 7.7
2m-2.25m 14 18 3 0.2 4.7
2.25m-2.5m 24 14 2 0.1 10.3
2.5m-2.75m 17 13 2 0.1 7.8
2.75m-3m 11 9 2 0.1 7.3
3m-3.5m 16 11 0.1 8.7
3.5m-4m 17 13 4 0.1 7.8
4m-4.5m 4 9 2 0.4 2.7
4.5m-5m 4 5 0.2 4.8
5.01m-6m 10 4 1 0.1 15
6.01m-7m 1 1 0.2 6
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
176k-200k 4 7 1 0.3 3.4
201k-225k 6 19 2 0.5 1.9
226k-250k 28 34 5 0.2 4.9
251k-275k 27 45 4 0.3 3.6
276k-300k 23 39 8 0.3 3.5
301k-325k 31 45 11 0.2 4.1
326k-350k 22 32 9 0.2 4.1
351k-375k 11 29 6 0.4 2.3
376k-400k 18 31 4 0.3 3.5
401k-425k 11 19 2 0.3 3.5
426k-450k 7 13 4 0.3 3.2
451k-475k 13 12 3 0.2 6.5
476k-500k 14 15 3 0.2 5.6
501k-550k 14 19 2 0.2 4.4
551k-600k 8 16 5 0.3 3
601k-650k 16 16 1 0.2 6
651k-700k 18 14 3 0.1 7.7
701k-750k 10 15 3 0.3 4
751k-800k 11 20 6 0.3 3.3
801k-850k 10 7 1 0.1 8.6
851k-900k 11 9 1 0.1 7.3
901k-950k 4 8 2 0.3 3
951k-1m 5 9 4 0.3 3.3
1m-1.1m 7 5 3 0.1 8.4
1.1m-1.2m 1 0
1.2m-1.3m 6 4 2 0.1 9
1.3m-1.4m 2 4 1 0.3 3
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 5 11 2 0.4 2.7
101k-125k 25 29 7 0.2 5.2
126k-150k 27 34 7 0.2 4.8
151k-175k 47 42 3 0.1 6.7
176k-200k 66 49 5 0.1 8.1
201k-225k 53 44 11 0.1 7.2
226k-250k 56 25 0.1 13.4
251k-275k 22 21 5 0.2 6.3
276k-300k 30 19 3 0.1 9.5
301k-325k 26 16 2 0.1 9.8
326k-350k 21 14 0.1 9
351k-375k 6 13 1 0.4 2.8
376k-400k 13 12 1 0.2 6.5
401k-425k 8 9 1 0.2 5.3
426k-450k 20 7 0.1 17.1
451k-475k 6 8 1 0.2 4.5
476k-500k 6 8 0.2 4.5
501k-550k 11 17 3 0.3 3.9
551k-600k 8 8 3 0.2 6
601k-650k 7 10 0.2 4.2
651k-700k 8 10 1 0.2 4.8
701k-750k 9 5 2 0.1 10.8
751k-800k 3 7 1 0.4 2.6
801k-850k 5 5 2 0.2 6
851k-900k 3 1 0.1 18
901k-950k 2 3 1 0.3 4
951k-1m 6 7 1 0.2 5.1
1m-1.1m 4 6 3 0.3 4
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 3 2 1 0.1 9
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 4 7 3 0.3 3.4
1.5m-1.6m 2 0
1.6m-1.7m 1 3 0.5 2
1.7m-1.8m 2 0
1.8m-1.9m 7 3 1 0.1 14
1.9m-2m 4 3 0.1 8
2m-2.25m 10 10 1 0.2 6
2.25m-2.5m 16 6 1 0.1 16
2.5m-2.75m 8 1 0 48
2.75m-3m 6 0
3m-3.5m 6 4 0.1 9
3.5m-4m 7 5 1 0.1 8.4
4m-4.5m 3 0
4.5m-5m 5 0
5.01m-6m 2 4 0.3 3
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 2 1 1
51k-75k 3 8 0.4 2.3
76k-100k 17 12 2 0.1 8.5
101k-125k 15 4 0 22.5
126k-150k 17 4 0 25.5
151k-175k 5 6 0.2 5
176k-200k 14 4 0 21
201k-225k 7 3 0.1 14
226k-250k 6 5 1 0.1 7.2
251k-275k 1 3 0.5 2
276k-300k 7 2 1 0 21
301k-325k 8 0
326k-350k 14 1 0 84
351k-375k 3 1 0.1 18
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 4 0.7 1.5
551k-600k 6 0
601k-650k 6 7 2 0.2 5.1
651k-700k 4 2 1 0.1 12
701k-750k 4 0
751k-800k 5 1 0 30
801k-850k 3 1 1 0.1 18
851k-900k 7 2 0 21
901k-950k 5 0
951k-1m 4 0
1m-1.1m 1 2 0.3 3
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 3 3 0.2 6
1.3m-1.4m 3 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 7 0
2.75m-3m 10 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 1 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