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 1 6 3 1 1
126k-150k 1 10 2 1.7 0.6
151k-175k 8 20 5 0.4 2.4
176k-200k 16 31 7 0.3 3.1
201k-225k 10 38 11 0.6 1.6
226k-250k 25 69 5 0.5 2.2
251k-275k 33 93 11 0.5 2.1
276k-300k 68 122 26 0.3 3.3
301k-325k 48 113 20 0.4 2.5
326k-350k 74 165 27 0.4 2.7
351k-375k 66 159 24 0.4 2.5
376k-400k 98 199 28 0.3 3
401k-425k 66 139 28 0.4 2.8
426k-450k 98 143 25 0.2 4.1
451k-475k 48 98 14 0.3 2.9
476k-500k 76 121 24 0.3 3.8
501k-550k 114 185 32 0.3 3.7
551k-600k 97 122 18 0.2 4.8
601k-650k 68 111 13 0.3 3.7
651k-700k 54 106 23 0.3 3.1
701k-750k 44 65 13 0.2 4.1
751k-800k 32 77 15 0.4 2.5
801k-850k 31 51 11 0.3 3.6
851k-900k 33 49 10 0.2 4
901k-950k 22 41 5 0.3 3.2
951k-1m 24 41 6 0.3 3.5
1m-1.1m 23 37 8 0.3 3.7
1.1m-1.2m 21 31 6 0.2 4.1
1.2m-1.3m 24 36 4 0.3 4
1.3m-1.4m 15 27 5 0.3 3.3
1.4m-1.5m 14 24 0.3 3.5
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 10 3 0.3 3.6
1.9m-2m 9 7 0.1 7.7
2m-2.25m 12 18 3 0.3 4
2.25m-2.5m 24 14 3 0.1 10.3
2.5m-2.75m 16 13 3 0.1 7.4
2.75m-3m 11 10 2 0.2 6.6
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 2 0.3 3
7.01m-8m 8 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 5 7 1 0.2 4.3
201k-225k 6 19 2 0.5 1.9
226k-250k 26 33 4 0.2 4.7
251k-275k 27 45 4 0.3 3.6
276k-300k 23 40 9 0.3 3.5
301k-325k 32 44 10 0.2 4.4
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 13 15 3 0.2 5.2
501k-550k 14 19 2 0.2 4.4
551k-600k 10 17 6 0.3 3.5
601k-650k 16 16 1 0.2 6
651k-700k 18 15 3 0.1 7.2
701k-750k 11 15 4 0.2 4.4
751k-800k 11 20 6 0.3 3.3
801k-850k 10 7 1 0.1 8.6
851k-900k 11 10 2 0.2 6.6
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 3 0.4 2.7
101k-125k 25 28 6 0.2 5.4
126k-150k 25 34 7 0.2 4.4
151k-175k 47 43 3 0.2 6.6
176k-200k 66 49 5 0.1 8.1
201k-225k 54 43 11 0.1 7.5
226k-250k 56 26 1 0.1 12.9
251k-275k 23 22 5 0.2 6.3
276k-300k 30 19 3 0.1 9.5
301k-325k 25 16 2 0.1 9.4
326k-350k 22 14 0.1 9.4
351k-375k 5 13 1 0.4 2.3
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 18 3 0.3 3.7
551k-600k 8 8 3 0.2 6
601k-650k 7 11 0.3 3.8
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 1 3 1 0.5 2
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 1 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 5 3 0.1 10
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 2 0.1 7.2
251k-275k 1 3 0.5 2
276k-300k 7 2 1 0 21
301k-325k 8 0
326k-350k 13 1 0 78
351k-375k 3 1 0.1 18
376k-400k 4 2 0.1 12
401k-425k 5 1 0 30
426k-450k 7 1 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 3 0.1 14
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