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
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 2 1 0.3 3
176k-200k 2 13 2 1.1 0.9
201k-225k 5 17 4 0.6 1.8
226k-250k 12 33 7 0.5 2.2
251k-275k 20 61 15 0.5 2
276k-300k 48 71 12 0.2 4.1
301k-325k 86 128 21 0.2 4
326k-350k 139 205 27 0.2 4.1
351k-375k 111 286 53 0.4 2.3
376k-400k 228 366 61 0.3 3.7
401k-425k 179 277 42 0.3 3.9
426k-450k 217 264 34 0.2 4.9
451k-475k 155 155 26 0.2 6
476k-500k 137 170 24 0.2 4.8
501k-550k 197 170 33 0.1 7
551k-600k 171 131 20 0.1 7.8
601k-650k 127 101 13 0.1 7.5
651k-700k 133 89 16 0.1 9
701k-750k 127 61 3 0.1 12.5
751k-800k 76 39 3 0.1 11.7
801k-850k 58 21 2 0.1 16.6
851k-900k 41 13 3 0.1 18.9
901k-950k 33 17 3 0.1 11.6
951k-1m 33 12 2 0.1 16.5
1m-1.1m 29 18 4 0.1 9.7
1.1m-1.2m 20 9 0.1 13.3
1.2m-1.3m 14 11 3 0.1 7.6
1.3m-1.4m 14 3 1 0 28
1.4m-1.5m 9 2 0 27
1.5m-1.6m 9 13 0.2 4.2
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 7 3 0.1 14
1.8m-1.9m 9 4 1 0.1 13.5
1.9m-2m 6 2 0.1 18
2m-2.25m 5 1 1 0 30
2.25m-2.5m 10 4 1 0.1 15
2.5m-2.75m 2 0
2.75m-3m 5 1 0 30
3m-3.5m 7 0
3.5m-4m 2 0
4m-4.5m 2 0
4.5m-5m 1 1 0.2 6
5.01m-6m 3 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
949.01m-950m 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
126k-150k 1 2 1 0.3 3
151k-175k 2 1 0.1 12
176k-200k 2 0.3 0
201k-225k 4 8 0.3 3
226k-250k 17 12 0.1 8.5
251k-275k 28 36 8 0.2 4.7
276k-300k 54 54 6 0.2 6
301k-325k 90 97 15 0.2 5.6
326k-350k 127 215 50 0.3 3.5
351k-375k 99 149 17 0.3 4
376k-400k 80 66 12 0.1 7.3
401k-425k 32 31 4 0.2 6.2
426k-450k 46 26 3 0.1 10.6
451k-475k 53 7 1 0 45.4
476k-500k 55 23 4 0.1 14.3
501k-550k 85 31 5 0.1 16.5
551k-600k 41 8 1 0 30.8
601k-650k 14 3 1 0 28
651k-700k 3 2 0.1 9
701k-750k 2 1 0.3 0
751k-800k 2 0
851k-900k 1 1 0.2 6
1.2m-1.3m 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
101k-125k 1 4 0.7 1.5
126k-150k 10 8 3 0.1 7.5
151k-175k 14 27 4 0.3 3.1
176k-200k 23 28 5 0.2 4.9
201k-225k 43 30 2 0.1 8.6
226k-250k 88 35 4 0.1 15.1
251k-275k 61 29 6 0.1 12.6
276k-300k 49 28 5 0.1 10.5
301k-325k 30 14 3 0.1 12.9
326k-350k 49 21 3 0.1 14
351k-375k 44 12 1 0 22
376k-400k 39 14 1 0.1 16.7
401k-425k 22 7 1 0.1 18.9
426k-450k 18 6 1 0.1 18
451k-475k 4 3 1 0.1 8
476k-500k 7 4 1 0.1 10.5
501k-550k 9 6 1 0.1 9
551k-600k 6 0
601k-650k 4 2 2 0.1 12
651k-700k 10 1 0 60
701k-750k 1 0
851k-900k 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
1k-25k 39 7 4 0 33.4
26k-50k 83 15 1 0 33.2
51k-75k 38 28 4 0.1 8.1
76k-100k 22 12 2 0.1 11
101k-125k 7 5 0.1 8.4
126k-150k 25 8 1 0.1 18.8
151k-175k 15 5 0.1 18
176k-200k 20 3 1 0 40
201k-225k 8 2 0 24
226k-250k 9 1 0 54
251k-275k 5 1 0 30
276k-300k 16 4 1 0 24
301k-325k 3 3 0.2 6
326k-350k 8 2 0 24
351k-375k 1 0
376k-400k 6 0
401k-425k 2 2 0.2 6
426k-450k 4 1 0 24
451k-475k 1 2 0.3 3
476k-500k 4 2 1 0.1 12
501k-550k 11 2 2 0 33
551k-600k 10 2 1 0 30
601k-650k 5 0
651k-700k 5 1 0 30
701k-750k 2 1 0.1 12
751k-800k 5 1 0 30
801k-850k 1 0
851k-900k 3 0
901k-950k 3 0
951k-1m 4 2 0.1 12
1m-1.1m 3 0
1.2m-1.3m 4 0
1.3m-1.4m 2 0
1.4m-1.5m 8 0
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 4 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 1 0.2 0
2.25m-2.5m 5 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 3 0
7.01m-8m 2 0
9.01m-10m 1 0
13.01m-14m 1 0