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
276k-300k 3 9 5 0.5 2
301k-325k 12 23 7 0.3 3.1
326k-350k 23 48 9 0.3 2.9
351k-375k 31 53 9 0.3 3.5
376k-400k 32 73 6 0.4 2.6
401k-425k 43 88 13 0.3 2.9
426k-450k 42 67 7 0.3 3.8
451k-475k 27 46 6 0.3 3.5
476k-500k 39 69 10 0.3 3.4
501k-550k 45 56 6 0.2 4.8
551k-600k 33 53 11 0.3 3.7
601k-650k 31 45 5 0.2 4.1
651k-700k 18 40 11 0.4 2.7
701k-750k 24 28 7 0.2 5.1
751k-800k 17 14 1 0.1 7.3
801k-850k 7 11 2 0.3 3.8
851k-900k 6 6 1 0.2 6
901k-950k 7 8 4 0.2 5.3
951k-1m 4 4 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 4 6 0.3 4
1.3m-1.4m 2 3 0.3 4
1.4m-1.5m 3 5 1 0.3 3.6
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
151k-175k 1 1 0.2 0
176k-200k 1 0.2 0
201k-225k 8 1.3 0
226k-250k 1 10 6 1.7 0.6
251k-275k 2 17 2 1.4 0.7
276k-300k 27 43 7 0.3 3.8
301k-325k 37 83 8 0.4 2.7
326k-350k 15 27 1 0.3 3.3
351k-375k 9 15 2 0.3 3.6
376k-400k 5 7 1 0.2 4.3
401k-425k 6 7 0.2 5.1
426k-450k 4 2 0.1 12
451k-475k 2 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