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 1 0.2 0
101k-125k 2 6 2 0.5 2
126k-150k 10 2 1.7 0
151k-175k 9 19 4 0.4 2.8
176k-200k 20 25 2 0.2 4.8
201k-225k 12 37 9 0.5 1.9
226k-250k 26 69 4 0.4 2.3
251k-275k 31 96 12 0.5 1.9
276k-300k 71 122 22 0.3 3.5
301k-325k 59 114 21 0.3 3.1
326k-350k 80 166 26 0.3 2.9
351k-375k 71 161 23 0.4 2.6
376k-400k 100 202 32 0.3 3
401k-425k 74 145 27 0.3 3.1
426k-450k 100 147 25 0.2 4.1
451k-475k 50 98 13 0.3 3.1
476k-500k 78 121 22 0.3 3.9
501k-550k 116 186 29 0.3 3.7
551k-600k 108 126 17 0.2 5.1
601k-650k 73 115 12 0.3 3.8
651k-700k 53 106 22 0.3 3
701k-750k 48 65 11 0.2 4.4
751k-800k 34 78 14 0.4 2.6
801k-850k 32 50 9 0.3 3.8
851k-900k 39 47 7 0.2 5
901k-950k 20 42 4 0.4 2.9
951k-1m 28 42 7 0.3 4
1m-1.1m 24 36 6 0.3 4
1.1m-1.2m 23 34 6 0.2 4.1
1.2m-1.3m 26 36 5 0.2 4.3
1.3m-1.4m 15 26 4 0.3 3.5
1.4m-1.5m 14 24 1 0.3 3.5
1.5m-1.6m 15 20 3 0.2 4.5
1.6m-1.7m 8 21 1 0.4 2.3
1.7m-1.8m 11 10 0.2 6.6
1.8m-1.9m 6 12 4 0.3 3
1.9m-2m 8 8 0.2 6
2m-2.25m 15 19 3 0.2 4.7
2.25m-2.5m 26 14 3 0.1 11.1
2.5m-2.75m 16 13 3 0.1 7.4
2.75m-3m 12 10 2 0.1 7.2
3m-3.5m 18 12 0.1 9
3.5m-4m 17 12 3 0.1 8.5
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 2 2 0.2 6
7.01m-8m 8 0
8.01m-9m 1 0
9.01m-10m 1 2 0.3 3
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 0
176k-200k 5 8 2 0.3 3.8
201k-225k 8 19 2 0.4 2.5
226k-250k 26 33 4 0.2 4.7
251k-275k 26 45 4 0.3 3.5
276k-300k 27 39 10 0.2 4.2
301k-325k 34 44 10 0.2 4.6
326k-350k 24 28 5 0.2 5.1
351k-375k 10 28 6 0.5 2.1
376k-400k 21 32 4 0.3 3.9
401k-425k 13 20 3 0.3 3.9
426k-450k 8 13 4 0.3 3.7
451k-475k 13 13 3 0.2 6
476k-500k 14 16 4 0.2 5.3
501k-550k 16 21 2 0.2 4.6
551k-600k 10 16 5 0.3 3.8
601k-650k 16 16 1 0.2 6
651k-700k 17 16 3 0.2 6.4
701k-750k 11 15 3 0.2 4.4
751k-800k 11 20 6 0.3 3.3
801k-850k 14 7 0.1 12
851k-900k 10 11 2 0.2 5.5
901k-950k 4 8 2 0.3 3
951k-1m 5 10 4 0.3 3
1m-1.1m 7 5 3 0.1 8.4
1.1m-1.2m 1 1 0.2 6
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 3 0.5 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 1 2 0.3 3
76k-100k 5 10 2 0.3 3
101k-125k 26 27 5 0.2 5.8
126k-150k 33 35 7 0.2 5.7
151k-175k 51 45 4 0.1 6.8
176k-200k 66 50 9 0.1 7.9
201k-225k 57 43 8 0.1 8
226k-250k 61 26 1 0.1 14.1
251k-275k 27 21 4 0.1 7.7
276k-300k 33 19 3 0.1 10.4
301k-325k 25 16 1 0.1 9.4
326k-350k 24 15 0.1 9.6
351k-375k 6 13 1 0.4 2.8
376k-400k 14 12 2 0.1 7
401k-425k 11 8 0.1 8.3
426k-450k 18 8 0.1 13.5
451k-475k 9 9 1 0.2 6
476k-500k 9 8 0.1 6.8
501k-550k 11 18 3 0.3 3.7
551k-600k 10 8 2 0.1 7.5
601k-650k 10 11 0.2 5.5
651k-700k 9 10 1 0.2 5.4
701k-750k 9 5 1 0.1 10.8
751k-800k 3 8 2 0.4 2.3
801k-850k 6 6 2 0.2 6
851k-900k 3 1 0.1 18
901k-950k 1 3 1 0.5 2
951k-1m 6 6 0.2 6
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 5 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 5 2 0.1 15
2m-2.25m 10 11 2 0.2 5.5
2.25m-2.5m 17 6 1 0.1 17
2.5m-2.75m 8 2 0 24
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 4 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
26k-50k 1 6 2 1 1
51k-75k 4 9 0.4 2.7
76k-100k 16 13 2 0.1 7.4
101k-125k 16 4 0 24
126k-150k 17 4 0 25.5
151k-175k 6 6 0.2 6
176k-200k 17 4 0 25.5
201k-225k 8 3 0.1 16
226k-250k 6 5 2 0.1 7.2
251k-275k 6 4 1 0.1 9
276k-300k 7 2 1 0 21
301k-325k 7 0
326k-350k 14 1 0 84
351k-375k 3 1 0.1 18
376k-400k 2 2 0.2 6
401k-425k 5 2 0.1 15
426k-450k 7 1 1 0 42
451k-475k 2 0.3 0
476k-500k 6 0
501k-550k 1 4 0.7 1.5
551k-600k 6 0
601k-650k 6 7 2 0.2 5.1
651k-700k 5 2 1 0.1 15
701k-750k 5 0
751k-800k 5 1 0 30
801k-850k 3 1 1 0.1 18
851k-900k 7 3 0.1 14
901k-950k 4 0
951k-1m 4 0
1m-1.1m 2 0.3 0
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 4 3 0.1 8
1.3m-1.4m 4 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
1.8m-1.9m 1 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