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
101k-125k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 5 4 0.8 0
226k-250k 7 20 3 0.5 2.1
251k-275k 21 37 8 0.3 3.4
276k-300k 43 93 12 0.4 2.8
301k-325k 52 89 17 0.3 3.5
326k-350k 45 66 17 0.2 4.1
351k-375k 57 58 5 0.2 5.9
376k-400k 44 66 13 0.3 4
401k-425k 38 45 8 0.2 5.1
426k-450k 39 39 8 0.2 6
451k-475k 15 20 3 0.2 4.5
476k-500k 28 32 12 0.2 5.3
501k-550k 32 35 5 0.2 5.5
551k-600k 24 28 7 0.2 5.1
601k-650k 14 25 4 0.3 3.4
651k-700k 11 14 2 0.2 4.7
701k-750k 9 15 2 0.3 3.6
751k-800k 4 9 1 0.4 2.7
801k-850k 3 10 2 0.6 1.8
851k-900k 6 7 2 0.2 5.1
901k-950k 3 5 0.3 3.6
951k-1m 2 5 0.4 2.4
1m-1.1m 4 6 2 0.3 4
1.1m-1.2m 2 4 0.3 3
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 1 0.2 6
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0.2 0
2.75m-3m 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
376k-400k 1 0

Condos NAN% 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
376k-400k 1 0.2 0

Land NAN% 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 0.2 0