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 1 10 2 1.7 0.6
151k-175k 9 19 5 0.4 2.8
176k-200k 18 25 2 0.2 4.3
201k-225k 12 36 8 0.5 2
226k-250k 26 68 6 0.4 2.3
251k-275k 30 97 13 0.5 1.9
276k-300k 70 122 27 0.3 3.4
301k-325k 55 117 23 0.4 2.8
326k-350k 85 164 23 0.3 3.1
351k-375k 75 160 24 0.4 2.8
376k-400k 98 205 35 0.3 2.9
401k-425k 73 149 28 0.3 2.9
426k-450k 99 148 26 0.2 4
451k-475k 49 98 13 0.3 3
476k-500k 77 124 25 0.3 3.7
501k-550k 117 180 24 0.3 3.9
551k-600k 105 129 17 0.2 4.9
601k-650k 72 122 11 0.3 3.5
651k-700k 54 105 23 0.3 3.1
701k-750k 48 65 10 0.2 4.4
751k-800k 32 79 14 0.4 2.4
801k-850k 33 52 9 0.3 3.8
851k-900k 39 47 9 0.2 5
901k-950k 19 43 4 0.4 2.7
951k-1m 29 43 8 0.2 4
1m-1.1m 25 35 5 0.2 4.3
1.1m-1.2m 23 35 7 0.3 3.9
1.2m-1.3m 27 36 7 0.2 4.5
1.3m-1.4m 15 25 3 0.3 3.6
1.4m-1.5m 14 24 1 0.3 3.5
1.5m-1.6m 14 20 4 0.2 4.2
1.6m-1.7m 8 21 2 0.4 2.3
1.7m-1.8m 11 10 0.2 6.6
1.8m-1.9m 4 12 4 0.5 2
1.9m-2m 8 8 0.2 6
2m-2.25m 16 19 3 0.2 5.1
2.25m-2.5m 26 14 2 0.1 11.1
2.5m-2.75m 16 13 3 0.1 7.4
2.75m-3m 13 10 2 0.1 7.8
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 4 8 2 0.3 3
201k-225k 9 18 1 0.3 3
226k-250k 26 33 5 0.2 4.7
251k-275k 25 46 4 0.3 3.3
276k-300k 27 39 10 0.2 4.2
301k-325k 32 42 7 0.2 4.6
326k-350k 24 26 3 0.2 5.5
351k-375k 9 28 6 0.5 1.9
376k-400k 20 32 4 0.3 3.8
401k-425k 13 20 3 0.3 3.9
426k-450k 8 12 3 0.3 4
451k-475k 13 12 2 0.2 6.5
476k-500k 14 16 4 0.2 5.3
501k-550k 16 21 3 0.2 4.6
551k-600k 11 17 5 0.3 3.9
601k-650k 16 16 1 0.2 6
651k-700k 16 16 5 0.2 6
701k-750k 12 15 4 0.2 4.8
751k-800k 11 18 5 0.3 3.7
801k-850k 14 7 0.1 12
851k-900k 10 11 2 0.2 5.5
901k-950k 4 8 3 0.3 3
951k-1m 5 8 2 0.3 3.8
1m-1.1m 7 4 2 0.1 10.5
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 2 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 49 46 5 0.2 6.4
176k-200k 68 50 11 0.1 8.2
201k-225k 56 42 6 0.1 8
226k-250k 64 27 1 0.1 14.2
251k-275k 27 22 5 0.1 7.4
276k-300k 32 19 3 0.1 10.1
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 14 3 0.2 6
401k-425k 11 9 0.1 7.3
426k-450k 15 8 0.1 11.3
451k-475k 10 9 1 0.2 6.7
476k-500k 8 8 0.2 6
501k-550k 12 18 3 0.3 4
551k-600k 11 8 2 0.1 8.3
601k-650k 10 12 0.2 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 2 3 1 0.3 4
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 7 1 0.1 14.6
2.5m-2.75m 8 3 0.1 16
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 14 13 2 0.2 6.5
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 7 5 2 0.1 8.4
251k-275k 6 4 1 0.1 9
276k-300k 7 2 1 0 21
301k-325k 6 0
326k-350k 15 1 0 90
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 5 0
501k-550k 1 4 1 0.7 1.5
551k-600k 6 0
601k-650k 5 7 3 0.2 4.3
651k-700k 5 2 1 0.1 15
701k-750k 5 0
751k-800k 5 1 0 30
801k-850k 4 1 1 0 24
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 1 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