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
51k-75k 1 0
76k-100k 1 1 0.2 0
101k-125k 1 6 3 1 1
126k-150k 3 11 3 0.6 1.6
151k-175k 9 19 6 0.4 2.8
176k-200k 20 27 7 0.2 4.4
201k-225k 12 40 11 0.6 1.8
226k-250k 25 76 13 0.5 2
251k-275k 34 98 17 0.5 2.1
276k-300k 75 119 24 0.3 3.8
301k-325k 63 117 18 0.3 3.2
326k-350k 89 159 18 0.3 3.4
351k-375k 74 166 25 0.4 2.7
376k-400k 95 208 35 0.4 2.7
401k-425k 78 146 26 0.3 3.2
426k-450k 104 155 24 0.2 4
451k-475k 55 105 15 0.3 3.1
476k-500k 78 124 27 0.3 3.8
501k-550k 123 187 28 0.3 3.9
551k-600k 96 130 20 0.2 4.4
601k-650k 73 128 11 0.3 3.4
651k-700k 57 105 20 0.3 3.3
701k-750k 45 73 13 0.3 3.7
751k-800k 40 78 10 0.3 3.1
801k-850k 29 53 4 0.3 3.3
851k-900k 43 47 7 0.2 5.5
901k-950k 20 44 4 0.4 2.7
951k-1m 23 44 9 0.3 3.1
1m-1.1m 28 37 2 0.2 4.5
1.1m-1.2m 23 37 4 0.3 3.7
1.2m-1.3m 27 38 8 0.2 4.3
1.3m-1.4m 17 25 2 0.2 4.1
1.4m-1.5m 13 26 4 0.3 3
1.5m-1.6m 15 20 2 0.2 4.5
1.6m-1.7m 11 24 1 0.4 2.8
1.7m-1.8m 11 13 4 0.2 5.1
1.8m-1.9m 5 12 1 0.4 2.5
1.9m-2m 7 9 0.2 4.7
2m-2.25m 17 17 1 0.2 6
2.25m-2.5m 30 16 1 0.1 11.3
2.5m-2.75m 17 15 5 0.1 6.8
2.75m-3m 14 9 3 0.1 9.3
3m-3.5m 18 13 2 0.1 8.3
3.5m-4m 19 10 2 0.1 11.4
4m-4.5m 6 8 0.2 4.5
4.5m-5m 5 5 0.2 6
5.01m-6m 10 3 1 0.1 20
6.01m-7m 2 3 0.3 4
7.01m-8m 9 0
8.01m-9m 1 0
9.01m-10m 1 2 0.3 3
11.01m-12m 3 1 0.1 18
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 6 7 1 0.2 5.1
201k-225k 9 18 0.3 3
226k-250k 23 31 5 0.2 4.5
251k-275k 25 51 8 0.3 2.9
276k-300k 30 38 8 0.2 4.7
301k-325k 31 40 9 0.2 4.7
326k-350k 30 24 6 0.1 7.5
351k-375k 11 32 6 0.5 2.1
376k-400k 21 29 1 0.2 4.3
401k-425k 12 22 5 0.3 3.3
426k-450k 11 14 2 0.2 4.7
451k-475k 12 12 1 0.2 6
476k-500k 14 14 4 0.2 6
501k-550k 16 24 3 0.3 4
551k-600k 13 17 4 0.2 4.6
601k-650k 14 17 2 0.2 4.9
651k-700k 16 16 4 0.2 6
701k-750k 13 16 6 0.2 4.9
751k-800k 15 17 3 0.2 5.3
801k-850k 15 7 1 0.1 12.9
851k-900k 11 10 1 0.2 6.6
901k-950k 4 10 4 0.4 2.4
951k-1m 6 6 0.2 6
1m-1.1m 7 3 1 0.1 14
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 6 3 2 0.1 12
1.3m-1.4m 2 4 2 0.3 3
1.4m-1.5m 1 0.2 0
1.6m-1.7m 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 1 0.2 6
2.5m-2.75m 2 0
2.75m-3m 1 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 10 3 0.4 2.4
101k-125k 20 26 1 0.2 4.6
126k-150k 37 36 7 0.2 6.2
151k-175k 50 47 3 0.2 6.4
176k-200k 70 49 8 0.1 8.6
201k-225k 63 45 6 0.1 8.4
226k-250k 67 34 3 0.1 11.8
251k-275k 24 23 5 0.2 6.3
276k-300k 34 21 2 0.1 9.7
301k-325k 29 19 1 0.1 9.2
326k-350k 25 15 3 0.1 10
351k-375k 7 12 1 0.3 3.5
376k-400k 13 15 3 0.2 5.2
401k-425k 8 10 1 0.2 4.8
426k-450k 15 12 0.1 7.5
451k-475k 11 8 2 0.1 8.3
476k-500k 7 10 0.2 4.2
501k-550k 11 17 3 0.3 3.9
551k-600k 10 8 1 0.1 7.5
601k-650k 10 13 2 0.2 4.6
651k-700k 7 9 2 0.2 4.7
701k-750k 9 5 1 0.1 10.8
751k-800k 3 8 2 0.4 2.3
801k-850k 5 5 2 0.2 6
851k-900k 3 1 0.1 18
901k-950k 2 2 0.2 6
951k-1m 5 6 0.2 5
1m-1.1m 6 5 3 0.1 7.2
1.1m-1.2m 5 3 0.1 10
1.2m-1.3m 4 3 1 0.1 8
1.3m-1.4m 1 4 1 0.7 1.5
1.4m-1.5m 5 7 3 0.2 4.3
1.5m-1.6m 2 2 0.2 6
1.6m-1.7m 8 2 1.3 0
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 7 5 0.1 8.4
1.9m-2m 4 3 1 0.1 8
2m-2.25m 10 18 3 0.3 3.3
2.25m-2.5m 18 9 2 0.1 12
2.5m-2.75m 7 3 0.1 14
2.75m-3m 6 0
3m-3.5m 6 5 0.1 7.2
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 1 5 0.8 1.2
51k-75k 4 10 1 0.4 2.4
76k-100k 12 12 3 0.2 6
101k-125k 16 5 2 0.1 19.2
126k-150k 16 6 1 0.1 16
151k-175k 6 8 1 0.2 4.5
176k-200k 18 5 0 21.6
201k-225k 7 3 0.1 14
226k-250k 7 4 2 0.1 10.5
251k-275k 7 5 1 0.1 8.4
276k-300k 8 1 0 48
301k-325k 5 0
326k-350k 15 1 0 90
351k-375k 2 1 1 0.1 12
376k-400k 1 3 0.5 2
401k-425k 4 2 1 0.1 12
426k-450k 7 1 1 0 42
451k-475k 2 0.3 0
476k-500k 7 0
501k-550k 2 4 1 0.3 3
551k-600k 7 0
601k-650k 7 6 2 0.1 7
651k-700k 5 2 2 0.1 15
701k-750k 4 0
751k-800k 5 1 0 30
801k-850k 2 1 1 0.1 12
851k-900k 7 3 0.1 14
901k-950k 5 0
951k-1m 4 1 0 24
1m-1.1m 2 1 0.3 0
1.1m-1.2m 6 2 0.1 18
1.2m-1.3m 3 3 1 0.2 6
1.3m-1.4m 4 1 0 24
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 2 0
2.25m-2.5m 3 0
2.5m-2.75m 7 0
2.75m-3m 10 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