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
126k-150k 1 0.2 0
226k-250k 2 0.3 0
276k-300k 3 8 1 0.4 2.3
301k-325k 10 21 5 0.4 2.9
326k-350k 26 51 10 0.3 3.1
351k-375k 38 60 11 0.3 3.8
376k-400k 32 89 15 0.5 2.2
401k-425k 33 91 18 0.5 2.2
426k-450k 42 83 9 0.3 3
451k-475k 27 59 9 0.4 2.7
476k-500k 40 80 15 0.3 3
501k-550k 47 81 7 0.3 3.5
551k-600k 46 61 5 0.2 4.5
601k-650k 32 50 4 0.3 3.8
651k-700k 28 38 4 0.2 4.4
701k-750k 27 27 1 0.2 6
751k-800k 16 21 0.2 4.6
801k-850k 4 11 4 0.5 2.2
851k-900k 9 14 2 0.3 3.9
901k-950k 7 5 0.1 8.4
951k-1m 3 6 0.3 3
1m-1.1m 5 8 0.3 3.8
1.1m-1.2m 5 4 2 0.1 7.5
1.2m-1.3m 3 7 0.4 2.6
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 4 5 1 0.2 4.8
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 2 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
201k-225k 1 10 2 1.7 0.6
226k-250k 4 6 0.3 4
251k-275k 1 15 5 2.5 0.4
276k-300k 19 40 6 0.4 2.9
301k-325k 46 105 13 0.4 2.6
326k-350k 13 36 0.5 2.2
351k-375k 14 14 4 0.2 6
376k-400k 5 10 2 0.3 3
401k-425k 6 6 1 0.2 6
426k-450k 2 4 0.3 3
451k-475k 5 2 0.1 15
476k-500k 2 1 0.1 12
501k-550k 2 2 0.2 6
551k-600k 1 0
651k-700k 1 0

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
76k-100k 1 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 2 0
326k-350k 3 0
351k-375k 2 0
376k-400k 1 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 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 4 1 0 24
126k-150k 6 1 0 36
151k-175k 3 2 0.1 9
176k-200k 1 2 1 0.3 3
201k-225k 1 0
226k-250k 1 0
251k-275k 2 0
276k-300k 1 2 1 0.3 3
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0
3.5m-4m 2 0
6.01m-7m 1 0