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 0
101k-125k 1 3 0.5 2
126k-150k 1 11 2 1.8 0.5
151k-175k 8 17 3 0.4 2.8
176k-200k 21 29 6 0.2 4.3
201k-225k 18 36 9 0.3 3
226k-250k 26 78 22 0.5 2
251k-275k 33 102 22 0.5 1.9
276k-300k 70 120 21 0.3 3.5
301k-325k 56 115 17 0.3 2.9
326k-350k 103 164 30 0.3 3.8
351k-375k 78 166 30 0.4 2.8
376k-400k 107 207 40 0.3 3.1
401k-425k 75 160 24 0.4 2.8
426k-450k 108 161 16 0.2 4
451k-475k 54 110 15 0.3 2.9
476k-500k 77 125 20 0.3 3.7
501k-550k 127 186 27 0.2 4.1
551k-600k 97 142 26 0.2 4.1
601k-650k 72 139 17 0.3 3.1
651k-700k 68 101 15 0.2 4
701k-750k 45 76 12 0.3 3.6
751k-800k 39 77 15 0.3 3
801k-850k 23 58 6 0.4 2.4
851k-900k 44 46 8 0.2 5.7
901k-950k 28 46 3 0.3 3.7
951k-1m 21 40 7 0.3 3.2
1m-1.1m 33 42 4 0.2 4.7
1.1m-1.2m 25 44 6 0.3 3.4
1.2m-1.3m 25 42 6 0.3 3.6
1.3m-1.4m 19 34 3 0.3 3.4
1.4m-1.5m 9 29 4 0.5 1.9
1.5m-1.6m 14 22 1 0.3 3.8
1.6m-1.7m 12 26 0.4 2.8
1.7m-1.8m 14 17 4 0.2 4.9
1.8m-1.9m 6 15 0.4 2.4
1.9m-2m 5 11 3 0.4 2.7
2m-2.25m 15 25 4 0.3 3.6
2.25m-2.5m 26 17 4 0.1 9.2
2.5m-2.75m 19 14 4 0.1 8.1
2.75m-3m 16 9 2 0.1 10.7
3m-3.5m 17 14 1 0.1 7.3
3.5m-4m 20 12 6 0.1 10
4m-4.5m 7 8 1 0.2 5.3
4.5m-5m 6 6 0.2 6
5.01m-6m 7 3 2 0.1 14
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 1 1 0.2 6
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 3 0.2 5
201k-225k 7 21 2 0.5 2
226k-250k 28 34 2 0.2 4.9
251k-275k 21 57 10 0.5 2.2
276k-300k 38 37 5 0.2 6.2
301k-325k 36 42 14 0.2 5.1
326k-350k 33 27 5 0.1 7.3
351k-375k 14 29 3 0.3 2.9
376k-400k 22 35 3 0.3 3.8
401k-425k 17 25 4 0.2 4.1
426k-450k 14 16 1 0.2 5.3
451k-475k 10 14 2 0.2 4.3
476k-500k 13 12 3 0.2 6.5
501k-550k 18 24 1 0.2 4.5
551k-600k 14 15 0.2 5.6
601k-650k 14 19 2 0.2 4.4
651k-700k 15 15 1 0.2 6
701k-750k 12 15 4 0.2 4.8
751k-800k 16 15 5 0.2 6.4
801k-850k 14 8 2 0.1 10.5
851k-900k 8 9 3 0.2 5.3
901k-950k 6 9 3 0.3 4
951k-1m 8 7 0.1 6.9
1m-1.1m 7 2 0 21
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 6 2 2 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 4 0.2 4.9
126k-150k 36 37 6 0.2 5.8
151k-175k 48 54 4 0.2 5.3
176k-200k 66 51 4 0.1 7.8
201k-225k 69 46 6 0.1 9
226k-250k 65 42 3 0.1 9.3
251k-275k 27 26 2 0.2 6.2
276k-300k 29 21 2 0.1 8.3
301k-325k 30 23 1 0.1 7.8
326k-350k 22 21 3 0.2 6.3
351k-375k 4 11 2 0.5 2.2
376k-400k 15 14 2 0.2 6.4
401k-425k 10 13 1 0.2 4.6
426k-450k 15 13 0.1 6.9
451k-475k 10 10 2 0.2 6
476k-500k 5 11 2 0.4 2.7
501k-550k 8 17 2 0.4 2.8
551k-600k 15 7 0.1 12.9
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 5 3 1 0.1 10
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 14 14 4 0.2 6
101k-125k 15 7 3 0.1 12.9
126k-150k 16 6 1 0.1 16
151k-175k 9 9 1 0.2 6
176k-200k 20 5 0 24
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 7 1 0 42
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 3 3 0.2 6
551k-600k 6 0
601k-650k 5 5 1 0.2 6
651k-700k 5 1 1 0 30
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 7 2 1 0 21
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 8 0
3.5m-4m 1 0.2 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 2 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