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 Since 12/31 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 1 0.2 0
51k-75k 2 0.3 0
76k-100k 1 5 0.8 1.2
101k-125k 3 10 3 0.6 1.8
126k-150k 3 19 3 1.1 0.9
151k-175k 8 32 3 0.7 1.5
176k-200k 32 50 6 0.3 3.8
201k-225k 44 67 9 0.3 3.9
226k-250k 60 89 9 0.2 4
251k-275k 79 82 14 0.2 5.8
276k-300k 133 123 17 0.2 6.5
301k-325k 145 171 36 0.2 5.1
326k-350k 224 142 23 0.1 9.5
351k-375k 116 85 14 0.1 8.2
376k-400k 164 94 9 0.1 10.5
401k-425k 72 48 9 0.1 9
426k-450k 66 29 5 0.1 13.7
451k-475k 48 29 5 0.1 9.9
476k-500k 59 27 4 0.1 13.1
501k-550k 69 22 1 0.1 18.8
551k-600k 56 34 2 0.1 9.9
601k-650k 38 11 1 0 20.7
651k-700k 28 12 2 0.1 14
701k-750k 21 10 1 0.1 12.6
751k-800k 27 17 2 0.1 9.5
801k-850k 14 4 1 0 21
851k-900k 22 6 1 0 22
901k-950k 12 1 0 72
951k-1m 19 5 1 0 22.8
1m-1.1m 8 0
1.1m-1.2m 9 6 1 0.1 9
1.2m-1.3m 11 8 1 0.1 8.3
1.3m-1.4m 3 0
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 6 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 4 1 0.2 4.5
76k-100k 5 11 4 0.4 2.7
101k-125k 10 9 0.2 6.7
126k-150k 35 23 5 0.1 9.1
151k-175k 19 13 1 0.1 8.8
176k-200k 16 8 1 0.1 12
201k-225k 9 3 0.1 18
226k-250k 6 13 0.4 2.8
251k-275k 6 7 1 0.2 5.1
276k-300k 10 2 0 30
301k-325k 3 1 0.1 18
326k-350k 3 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
-24,000-0 4 0
1k-25k 1270 679 92 0.1 11.2
26k-50k 1159 170 15 0 40.9
51k-75k 236 40 1 0 35.4
76k-100k 159 30 3 0 31.8
101k-125k 99 11 0 54
126k-150k 51 7 0 43.7
151k-175k 54 6 0 54
176k-200k 37 3 0 74
201k-225k 27 3 0 54
226k-250k 12 4 0.1 18
251k-275k 9 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 5 1 0 30
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0