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 7 1 0.4 2.6
301k-325k 9 19 3 0.4 2.8
326k-350k 22 48 7 0.4 2.8
351k-375k 36 53 7 0.2 4.1
376k-400k 30 83 11 0.5 2.2
401k-425k 33 85 13 0.4 2.3
426k-450k 44 79 7 0.3 3.3
451k-475k 26 53 8 0.3 2.9
476k-500k 48 77 11 0.3 3.7
501k-550k 48 73 4 0.3 3.9
551k-600k 44 56 5 0.2 4.7
601k-650k 32 49 5 0.3 3.9
651k-700k 24 35 6 0.2 4.1
701k-750k 25 26 1 0.2 5.8
751k-800k 16 20 1 0.2 4.8
801k-850k 4 10 3 0.4 2.4
851k-900k 11 14 2 0.2 4.7
901k-950k 6 6 1 0.2 6
951k-1m 4 6 0.3 4
1m-1.1m 6 8 0.2 4.5
1.1m-1.2m 5 4 2 0.1 7.5
1.2m-1.3m 3 6 0.3 3
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 4 5 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 2 9 1 0.8 1.3
226k-250k 4 5 0.2 4.8
251k-275k 1 16 5 2.7 0.4
276k-300k 18 40 4 0.4 2.7
301k-325k 42 97 8 0.4 2.6
326k-350k 17 34 1 0.3 3
351k-375k 11 13 2 0.2 5.1
376k-400k 3 7 2 0.4 2.6
401k-425k 7 7 2 0.2 6
426k-450k 2 3 0.3 4
451k-475k 5 0
476k-500k 1 0
501k-550k 3 2 0.1 9
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 4 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 2 0
101k-125k 5 1 0 30
126k-150k 5 1 0 30
151k-175k 4 2 0.1 12
176k-200k 1 2 1 0.3 3
201k-225k 1 0
226k-250k 1 0
251k-275k 1 0
276k-300k 1 2 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 3 0
2.75m-3m 1 0
3.5m-4m 2 0
6.01m-7m 1 0