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
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 20 29 7 0.2 4.1
201k-225k 16 36 9 0.4 2.7
226k-250k 28 76 18 0.5 2.2
251k-275k 33 101 19 0.5 2
276k-300k 72 117 17 0.3 3.7
301k-325k 58 115 16 0.3 3
326k-350k 100 159 24 0.3 3.8
351k-375k 76 164 25 0.4 2.8
376k-400k 108 204 37 0.3 3.2
401k-425k 73 156 21 0.4 2.8
426k-450k 106 156 14 0.2 4.1
451k-475k 54 110 13 0.3 2.9
476k-500k 79 125 19 0.3 3.8
501k-550k 129 183 23 0.2 4.2
551k-600k 96 141 21 0.2 4.1
601k-650k 74 138 14 0.3 3.2
651k-700k 63 102 10 0.3 3.7
701k-750k 44 77 10 0.3 3.4
751k-800k 40 75 10 0.3 3.2
801k-850k 23 56 4 0.4 2.5
851k-900k 45 47 7 0.2 5.7
901k-950k 28 44 3 0.3 3.8
951k-1m 23 41 8 0.3 3.4
1m-1.1m 31 42 4 0.2 4.4
1.1m-1.2m 24 42 5 0.3 3.4
1.2m-1.3m 25 42 3 0.3 3.6
1.3m-1.4m 17 34 4 0.3 3
1.4m-1.5m 11 30 4 0.5 2.2
1.5m-1.6m 14 21 1 0.3 4
1.6m-1.7m 11 26 0.4 2.5
1.7m-1.8m 14 17 4 0.2 4.9
1.8m-1.9m 6 12 0.3 3
1.9m-2m 5 11 3 0.4 2.7
2m-2.25m 15 23 3 0.3 3.9
2.25m-2.5m 27 16 3 0.1 10.1
2.5m-2.75m 18 14 4 0.1 7.7
2.75m-3m 16 9 2 0.1 10.7
3m-3.5m 17 14 2 0.1 7.3
3.5m-4m 20 12 4 0.1 10
4m-4.5m 7 8 1 0.2 5.3
4.5m-5m 6 6 0.2 6
5.01m-6m 8 3 2 0.1 16
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 2 1 0.1 12
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 5 6 2 0.2 5
201k-225k 9 20 0.4 2.7
226k-250k 27 32 2 0.2 5.1
251k-275k 21 55 9 0.4 2.3
276k-300k 37 37 4 0.2 6
301k-325k 36 41 13 0.2 5.3
326k-350k 32 27 5 0.1 7.1
351k-375k 13 30 4 0.4 2.6
376k-400k 22 31 3 0.2 4.3
401k-425k 15 25 4 0.3 3.6
426k-450k 12 15 1 0.2 4.8
451k-475k 10 13 1 0.2 4.6
476k-500k 13 13 4 0.2 6
501k-550k 17 23 1 0.2 4.4
551k-600k 14 15 0.2 5.6
601k-650k 14 19 1 0.2 4.4
651k-700k 15 15 1 0.2 6
701k-750k 12 16 4 0.2 4.5
751k-800k 15 15 4 0.2 6
801k-850k 14 8 2 0.1 10.5
851k-900k 8 9 3 0.2 5.3
901k-950k 7 9 3 0.2 4.7
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 1 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 2 0.2 4.9
126k-150k 36 35 5 0.2 6.2
151k-175k 49 53 3 0.2 5.5
176k-200k 64 50 2 0.1 7.7
201k-225k 69 45 6 0.1 9.2
226k-250k 65 39 4 0.1 10
251k-275k 28 26 1 0.2 6.5
276k-300k 31 21 1 0.1 8.9
301k-325k 29 23 1 0.1 7.6
326k-350k 21 21 4 0.2 6
351k-375k 4 11 2 0.5 2.2
376k-400k 16 13 1 0.1 7.4
401k-425k 8 13 1 0.3 3.7
426k-450k 15 12 0.1 7.5
451k-475k 10 10 2 0.2 6
476k-500k 5 11 1 0.4 2.7
501k-550k 8 16 2 0.3 3
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 4 4 1 0.2 6
851k-900k 4 1 0 24
901k-950k 2 2 1 0.2 6
951k-1m 6 6 0.2 6
1m-1.1m 6 3 1 0.1 12
1.1m-1.2m 7 3 1 0.1 14
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 2 2 0.2 6
1.6m-1.7m 1 9 2 1.5 0.7
1.7m-1.8m 3 5 0.3 3.6
1.8m-1.9m 7 10 0.2 4.2
1.9m-2m 3 8 1 0.4 2.3
2m-2.25m 11 22 3 0.3 3
2.25m-2.5m 16 10 1 0.1 9.6
2.5m-2.75m 9 6 0.1 9
2.75m-3m 7 5 0.1 8.4
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 13 4 0.1 6.9
101k-125k 15 7 2 0.1 12.9
126k-150k 16 6 1 0.1 16
151k-175k 9 9 1 0.2 6
176k-200k 21 5 0 25.2
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 8 1 0 48
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 4 3 0.1 8
551k-600k 6 0
601k-650k 6 5 1 0.1 7.2
651k-700k 4 1 1 0 24
701k-750k 5 0
751k-800k 5 1 0 30
801k-850k 1 0
851k-900k 6 3 1 0.1 12
901k-950k 4 0
951k-1m 3 1 0.1 18
1m-1.1m 2 1 0.3 0
1.1m-1.2m 6 2 1 0.1 18
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 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