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
101k-125k 1 3 0.5 2
126k-150k 11 2 1.8 0
151k-175k 8 17 2 0.4 2.8
176k-200k 17 28 3 0.3 3.6
201k-225k 15 34 9 0.4 2.6
226k-250k 30 75 17 0.4 2.4
251k-275k 34 99 16 0.5 2.1
276k-300k 71 126 19 0.3 3.4
301k-325k 58 114 14 0.3 3.1
326k-350k 86 168 27 0.3 3.1
351k-375k 92 168 34 0.3 3.3
376k-400k 94 211 38 0.4 2.7
401k-425k 79 160 21 0.3 3
426k-450k 101 169 17 0.3 3.6
451k-475k 57 117 18 0.3 2.9
476k-500k 74 124 20 0.3 3.6
501k-550k 136 187 33 0.2 4.4
551k-600k 96 143 23 0.2 4
601k-650k 71 146 18 0.3 2.9
651k-700k 66 102 18 0.3 3.9
701k-750k 45 77 12 0.3 3.5
751k-800k 33 77 14 0.4 2.6
801k-850k 29 61 9 0.4 2.9
851k-900k 38 47 9 0.2 4.9
901k-950k 34 45 5 0.2 4.5
951k-1m 25 37 5 0.2 4.1
1m-1.1m 31 42 4 0.2 4.4
1.1m-1.2m 26 42 6 0.3 3.7
1.2m-1.3m 23 44 6 0.3 3.1
1.3m-1.4m 20 34 4 0.3 3.5
1.4m-1.5m 10 28 3 0.5 2.1
1.5m-1.6m 11 22 1 0.3 3
1.6m-1.7m 12 26 4 0.4 2.8
1.7m-1.8m 12 14 1 0.2 5.1
1.8m-1.9m 8 16 1 0.3 3
1.9m-2m 6 12 4 0.3 3
2m-2.25m 14 25 4 0.3 3.4
2.25m-2.5m 27 17 4 0.1 9.5
2.5m-2.75m 20 13 3 0.1 9.2
2.75m-3m 15 8 0.1 11.3
3m-3.5m 20 13 1 0.1 9.2
3.5m-4m 21 10 4 0.1 12.6
4m-4.5m 7 9 1 0.2 4.7
4.5m-5m 7 6 0.1 7
5.01m-6m 5 3 2 0.1 10
6.01m-7m 3 3 1 0.2 6
7.01m-8m 9 0
8.01m-9m 1 0
9.01m-10m 1 2 1 0.3 3
11.01m-12m 1 1 0.2 6
15.01m-16m 1 0
19.01m-20m 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
1k-25k 1 0
26k-50k 1 0.2 0
126k-150k 2 0
151k-175k 2 0
176k-200k 6 6 3 0.2 6
201k-225k 10 21 4 0.4 2.9
226k-250k 28 34 3 0.2 4.9
251k-275k 25 55 5 0.4 2.7
276k-300k 37 35 5 0.2 6.3
301k-325k 36 43 11 0.2 5
326k-350k 35 25 4 0.1 8.4
351k-375k 19 32 4 0.3 3.6
376k-400k 22 40 2 0.3 3.3
401k-425k 17 25 4 0.2 4.1
426k-450k 16 16 1 0.2 6
451k-475k 7 14 3 0.3 3
476k-500k 16 11 4 0.1 8.7
501k-550k 18 26 3 0.2 4.2
551k-600k 13 17 0.2 4.6
601k-650k 12 18 2 0.3 4
651k-700k 14 18 1 0.2 4.7
701k-750k 10 14 2 0.2 4.3
751k-800k 15 16 5 0.2 5.6
801k-850k 12 9 1 0.1 8
851k-900k 9 9 5 0.2 6
901k-950k 4 7 1 0.3 3.4
951k-1m 6 8 1 0.2 4.5
1m-1.1m 7 2 0 21
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 7 1 1 0 42
1.3m-1.4m 1 3 0.5 2
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0.5 0
2m-2.25m 1 2 0.3 3
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0
4m-4.5m 1 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 2 0.3 0
76k-100k 4 7 2 0.3 3.4
101k-125k 25 32 5 0.2 4.7
126k-150k 33 35 5 0.2 5.7
151k-175k 44 56 8 0.2 4.7
176k-200k 62 53 2 0.1 7
201k-225k 75 47 7 0.1 9.6
226k-250k 63 46 2 0.1 8.2
251k-275k 28 26 3 0.2 6.5
276k-300k 27 22 2 0.1 7.4
301k-325k 30 24 2 0.1 7.5
326k-350k 21 20 1 0.2 6.3
351k-375k 6 10 1 0.3 3.6
376k-400k 15 14 2 0.2 6.4
401k-425k 11 14 1 0.2 4.7
426k-450k 13 14 0.2 5.6
451k-475k 10 10 1 0.2 6
476k-500k 4 12 4 0.5 2
501k-550k 7 16 2 0.4 2.6
551k-600k 10 10 0.2 6
601k-650k 11 15 5 0.2 4.4
651k-700k 7 10 3 0.2 4.2
701k-750k 7 5 2 0.1 8.4
751k-800k 6 8 1 0.2 4.5
801k-850k 5 4 1 0.1 7.5
851k-900k 4 2 0.1 12
901k-950k 2 2 1 0.2 6
951k-1m 4 7 0.3 3.4
1m-1.1m 4 3 1 0.1 8
1.1m-1.2m 7 3 2 0.1 14
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 2 5 1 0.4 2.4
1.4m-1.5m 5 5 1 0.2 6
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 7 1.2 0.9
1.7m-1.8m 4 7 0.3 3.4
1.8m-1.9m 7 11 0.3 3.8
1.9m-2m 3 7 0.4 2.6
2m-2.25m 11 22 2 0.3 3
2.25m-2.5m 16 9 0.1 10.7
2.5m-2.75m 9 10 0.2 5.4
2.75m-3m 7 9 0.2 4.7
3m-3.5m 6 6 0.2 6
3.5m-4m 8 4 0.1 12
4m-4.5m 4 0
4.5m-5m 5 0
5.01m-6m 2 4 0.3 3
6.01m-7m 3 0
7.01m-8m 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
26k-50k 2 6 0.5 2
51k-75k 4 10 0.4 2.4
76k-100k 14 14 4 0.2 6
101k-125k 15 7 3 0.1 12.9
126k-150k 17 7 0.1 14.6
151k-175k 9 8 0.1 6.8
176k-200k 15 7 0.1 12.9
201k-225k 7 6 2 0.1 7
226k-250k 6 2 1 0.1 18
251k-275k 5 4 0.1 7.5
276k-300k 8 1 0 48
301k-325k 6 1 0 36
326k-350k 13 1 0 78
351k-375k 3 1 1 0.1 18
376k-400k 4 3 0.1 8
401k-425k 4 2 0.1 12
426k-450k 7 1 0 42
451k-475k 1 2 1 0.3 3
476k-500k 4 0
501k-550k 3 3 1 0.2 6
551k-600k 6 0
601k-650k 3 5 1 0.3 3.6
651k-700k 3 0
701k-750k 4 0
751k-800k 4 2 0.1 12
801k-850k 1 0
851k-900k 7 3 1 0.1 14
901k-950k 4 0
951k-1m 5 1 0 30
1m-1.1m 1 0.2 0
1.1m-1.2m 8 2 1 0 24
1.2m-1.3m 4 2 0.1 12
1.3m-1.4m 5 1 0 30
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 7 0
2.75m-3m 9 0
3.5m-4m 1 0.2 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 3 0
10.01m-11m 1 0
16.01m-17m 1 0