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
101k-125k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 1 1 0.1 12
201k-225k 1 1 0.2 6
251k-275k 4 0.7 0
276k-300k 3 1 0.5 0
301k-325k 11 2 1.8 0
326k-350k 1 2 1 0.3 3
351k-375k 2 1 0.1 12
376k-400k 1 6 2 1 1
401k-425k 1 11 2 1.8 0.5
426k-450k 3 20 4 1.1 0.9
451k-475k 8 16 2 0.3 3
476k-500k 12 31 3 0.4 2.3
501k-550k 32 90 30 0.5 2.1
551k-600k 52 103 22 0.3 3
601k-650k 40 71 13 0.3 3.4
651k-700k 29 54 6 0.3 3.2
701k-750k 33 78 16 0.4 2.5
751k-800k 17 51 12 0.5 2
801k-850k 13 39 9 0.5 2
851k-900k 10 22 1 0.4 2.7
901k-950k 15 23 4 0.3 3.9
951k-1m 6 16 3 0.4 2.3
1m-1.1m 14 14 0.2 6
1.1m-1.2m 14 19 4 0.2 4.4
1.2m-1.3m 3 15 3 0.8 1.2
1.3m-1.4m 6 1 0
1.4m-1.5m 5 8 2 0.3 3.8
1.5m-1.6m 5 1 0.8 0
1.6m-1.7m 3 3 0.2 6
1.7m-1.8m 3 1 0.5 0
1.8m-1.9m 1 2 2 0.3 3
1.9m-2m 1 1 0.2 6
2m-2.25m 7 4 0.1 10.5
2.25m-2.5m 6 3 1 0.1 12
2.5m-2.75m 1 3 0.5 2
2.75m-3m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
11.01m-12m 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
201k-225k 3 1 0.5 0
226k-250k 1 0
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 8 0.4 2.3
326k-350k 1 7 1 1.2 0.9
351k-375k 6 7 0.2 5.1
376k-400k 12 1 2 0
401k-425k 5 44 10 1.5 0.7
426k-450k 19 66 14 0.6 1.7
451k-475k 12 55 3 0.8 1.3
476k-500k 14 19 1 0.2 4.4
501k-550k 5 16 0.5 1.9
551k-600k 2 0
601k-650k 1 1 1 0.2 6
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 1 0.2 0
901k-950k 1 0.2 0
1.1m-1.2m 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
201k-225k 1 4 0.7 1.5
226k-250k 4 0.7 0
251k-275k 1 1 0.2 6
276k-300k 1 5 1 0.8 1.2
301k-325k 5 0
326k-350k 2 0
351k-375k 3 2 0.1 9
376k-400k 3 0
401k-425k 1 0
426k-450k 3 0
476k-500k 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
51k-75k 4 0
76k-100k 2 0
176k-200k 1 0
201k-225k 1 0
376k-400k 2 0
476k-500k 1 1 0.2 6
501k-550k 1 0.2 0
651k-700k 1 1 0.2 0
751k-800k 1 0
801k-850k 1 0.2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0
7.01m-8m 2 0
15.01m-16m 1 0