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
276k-300k 3 8 4 0.4 2.3
301k-325k 13 22 6 0.3 3.5
326k-350k 24 47 9 0.3 3.1
351k-375k 34 55 12 0.3 3.7
376k-400k 31 79 8 0.4 2.4
401k-425k 47 88 12 0.3 3.2
426k-450k 37 70 6 0.3 3.2
451k-475k 27 46 7 0.3 3.5
476k-500k 42 71 11 0.3 3.5
501k-550k 44 63 5 0.2 4.2
551k-600k 34 54 9 0.3 3.8
601k-650k 32 49 6 0.3 3.9
651k-700k 20 39 8 0.3 3.1
701k-750k 24 29 7 0.2 5
751k-800k 18 16 2 0.1 6.8
801k-850k 7 11 3 0.3 3.8
851k-900k 7 11 1 0.3 3.8
901k-950k 5 7 2 0.2 4.3
951k-1m 5 5 1 0.2 6
1m-1.1m 9 6 0.1 9
1.1m-1.2m 5 5 1 0.2 6
1.2m-1.3m 3 6 0.3 3
1.3m-1.4m 3 3 1 0.2 6
1.4m-1.5m 3 6 1 0.3 3
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.9m-2m 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
176k-200k 1 1 0.2 0
201k-225k 8 1.3 0
226k-250k 2 9 5 0.8 1.3
251k-275k 17 3 2.8 0
276k-300k 29 44 8 0.3 4
301k-325k 42 84 9 0.3 3
326k-350k 17 30 1 0.3 3.4
351k-375k 8 15 2 0.3 3.2
376k-400k 5 8 1 0.3 3.8
401k-425k 7 7 1 0.2 6
426k-450k 2 2 0.2 6
451k-475k 1 0
476k-500k 3 0
501k-550k 4 1 0 24
551k-600k 2 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
226k-250k 1 0
276k-300k 1 1 1 0.2 6
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 1 0.2 6
76k-100k 1 0
101k-125k 4 1 0 24
126k-150k 5 1 0 30
151k-175k 4 2 0.1 12
176k-200k 1 2 0.3 3
201k-225k 1 0
226k-250k 2 0
251k-275k 2 0
276k-300k 1 2 0.3 3
376k-400k 1 0
451k-475k 1 0
651k-700k 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 1 0
4.5m-5m 1 0
6.01m-7m 1 0