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
176k-200k 2 0.3 0
201k-225k 2 0.3 0
226k-250k 1 5 0.8 1.2
251k-275k 3 16 5 0.9 1.1
276k-300k 11 17 5 0.3 3.9
301k-325k 26 25 3 0.2 6.2
326k-350k 34 65 10 0.3 3.1
351k-375k 38 133 25 0.6 1.7
376k-400k 88 177 37 0.3 3
401k-425k 84 148 28 0.3 3.4
426k-450k 88 182 28 0.3 2.9
451k-475k 88 101 19 0.2 5.2
476k-500k 56 98 19 0.3 3.4
501k-550k 76 89 23 0.2 5.1
551k-600k 73 65 15 0.1 6.7
601k-650k 45 37 5 0.1 7.3
651k-700k 27 28 7 0.2 5.8
701k-750k 36 20 0.1 10.8
751k-800k 27 12 0.1 13.5
801k-850k 19 3 1 0 38
851k-900k 10 5 2 0.1 12
901k-950k 9 6 2 0.1 9
951k-1m 10 4 0.1 15
1m-1.1m 4 5 0.2 4.8
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 1 4 3 0.7 1.5
1.3m-1.4m 2 2 1 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 3 13 0.7 1.4
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 2 2 1 0.2 6
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 4 2 1 0.1 12
2.5m-2.75m 3 0
2.75m-3m 1 0.2 0
3m-3.5m 6 0
4m-4.5m 1 0
4.5m-5m 1 0.2 0
8.01m-9m 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 0.2 0
151k-175k 1 1 0.2 6
201k-225k 1 1 0.2 6
226k-250k 4 1 0 24
251k-275k 4 17 6 0.7 1.4
276k-300k 13 24 2 0.3 3.3
301k-325k 18 56 9 0.5 1.9
326k-350k 42 168 42 0.7 1.5
351k-375k 54 116 14 0.4 2.8
376k-400k 29 44 6 0.3 4
401k-425k 10 20 3 0.3 3
426k-450k 8 10 2 0.2 4.8
451k-475k 10 0
476k-500k 15 2 0 45
501k-550k 21 13 2 0.1 9.7
551k-600k 13 3 1 0 26
601k-650k 5 3 1 0.1 10
701k-750k 1 0.2 0
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
126k-150k 3 0
151k-175k 3 4 0.2 4.5
176k-200k 6 4 0.1 9
201k-225k 3 5 0.3 3.6
226k-250k 13 4 1 0.1 19.5
251k-275k 11 9 3 0.1 7.3
276k-300k 8 10 0.2 4.8
301k-325k 6 5 2 0.1 7.2
326k-350k 14 3 1 0 28
351k-375k 8 2 0 24
376k-400k 9 0
401k-425k 3 1 0.1 18
426k-450k 8 1 0 48
451k-475k 1 3 1 0.5 2
476k-500k 7 2 0 21
501k-550k 5 2 1 0.1 15
551k-600k 3 0
601k-650k 1 1 0.2 0
651k-700k 3 1 0.1 18
701k-750k 1 0