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 10 4 0.8 1.2
301k-325k 11 22 6 0.3 3
326k-350k 27 51 8 0.3 3.2
351k-375k 28 56 7 0.3 3
376k-400k 36 83 10 0.4 2.6
401k-425k 38 92 15 0.4 2.5
426k-450k 40 78 7 0.3 3.1
451k-475k 23 52 5 0.4 2.7
476k-500k 48 77 10 0.3 3.7
501k-550k 44 70 6 0.3 3.8
551k-600k 42 56 6 0.2 4.5
601k-650k 33 48 6 0.2 4.1
651k-700k 20 36 6 0.3 3.3
701k-750k 27 25 2 0.2 6.5
751k-800k 18 20 2 0.2 5.4
801k-850k 7 11 4 0.3 3.8
851k-900k 10 13 2 0.2 4.6
901k-950k 6 5 1 0.1 7.2
951k-1m 5 6 0.2 5
1m-1.1m 6 8 0.2 4.5
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 3 6 0.3 3
1.3m-1.4m 5 3 1 0.1 10
1.4m-1.5m 3 5 0.3 3.6
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 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 0
176k-200k 1 1 0.2 0
201k-225k 3 8 0.4 2.3
226k-250k 3 5 0.3 3.6
251k-275k 1 16 6 2.7 0.4
276k-300k 26 42 5 0.3 3.7
301k-325k 39 97 6 0.4 2.4
326k-350k 16 32 1 0.3 3
351k-375k 10 14 2 0.2 4.3
376k-400k 5 7 2 0.2 4.3
401k-425k 8 7 2 0.1 6.9
426k-450k 1 3 0.5 2
451k-475k 4 0
476k-500k 4 0
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
226k-250k 1 0
276k-300k 1 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
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