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 2 8 4 0.7 1.5
301k-325k 13 22 6 0.3 3.5
326k-350k 22 47 8 0.4 2.8
351k-375k 29 55 12 0.3 3.2
376k-400k 32 76 8 0.4 2.5
401k-425k 43 91 16 0.4 2.8
426k-450k 36 71 9 0.3 3
451k-475k 27 46 7 0.3 3.5
476k-500k 41 71 13 0.3 3.5
501k-550k 41 58 6 0.2 4.2
551k-600k 34 54 11 0.3 3.8
601k-650k 30 46 5 0.3 3.9
651k-700k 19 42 11 0.4 2.7
701k-750k 25 28 7 0.2 5.4
751k-800k 18 14 1 0.1 7.7
801k-850k 7 11 3 0.3 3.8
851k-900k 7 7 1 0.2 6
901k-950k 5 8 4 0.3 3.8
951k-1m 5 4 1 0.1 7.5
1m-1.1m 9 6 0.1 9
1.1m-1.2m 5 5 1 0.2 6
1.2m-1.3m 4 6 0.3 4
1.3m-1.4m 2 3 0.3 4
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 1 10 6 1.7 0.6
251k-275k 17 2 2.8 0
276k-300k 27 42 7 0.3 3.9
301k-325k 39 84 11 0.4 2.8
326k-350k 17 28 1 0.3 3.6
351k-375k 8 15 2 0.3 3.2
376k-400k 5 8 1 0.3 3.8
401k-425k 6 7 0.2 5.1
426k-450k 4 2 0.1 12
451k-475k 1 0
476k-500k 4 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 2 0
101k-125k 3 1 0.1 18
126k-150k 5 1 0 30
151k-175k 4 2 0.1 12
176k-200k 1 3 1 0.5 2
201k-225k 1 0
226k-250k 2 0
251k-275k 1 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
1.3m-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