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 1 0.2 0
226k-250k 2 0.3 0
251k-275k 1 5 2 0.8 1.2
276k-300k 1 7 3 1.2 0.9
301k-325k 9 7 1 0.1 7.7
326k-350k 14 25 4 0.3 3.4
351k-375k 7 28 6 0.7 1.5
376k-400k 35 49 8 0.2 4.3
401k-425k 40 56 9 0.2 4.3
426k-450k 27 72 10 0.4 2.3
451k-475k 21 38 7 0.3 3.3
476k-500k 30 39 5 0.2 4.6
501k-550k 44 23 4 0.1 11.5
551k-600k 34 19 3 0.1 10.7
601k-650k 11 13 1 0.2 5.1
651k-700k 13 12 1 0.2 6.5
701k-750k 5 6 0.2 5
751k-800k 5 1 0 30
801k-850k 7 0
851k-900k 4 3 0.1 8
901k-950k 2 4 0.3 3
951k-1m 4 3 0.1 8
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0
1.2m-1.3m 3 0.5 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 3 0.5 0
1.8m-1.9m 1 1 0.2 6
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 2 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 0.2 0
201k-225k 1 0
226k-250k 1 0
251k-275k 9 1.5 0
276k-300k 2 16 2 1.3 0.8
301k-325k 4 18 2 0.8 1.3
326k-350k 11 44 3 0.7 1.5
351k-375k 22 57 5 0.4 2.3
376k-400k 19 30 5 0.3 3.8
401k-425k 8 6 0.1 8
426k-450k 1 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 1 1 0.2 6
501k-550k 7 6 1 0.1 7
551k-600k 3 1 0.1 18
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0.2 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 2 0
151k-175k 1 0
176k-200k 4 1 1 0 24
201k-225k 2 3 1 0.3 4
226k-250k 3 1 0.1 18
251k-275k 6 4 2 0.1 9
276k-300k 4 2 0.1 12
301k-325k 3 0
326k-350k 1 1 0.2 6
351k-375k 4 0.7 0
376k-400k 5 0
401k-425k 2 0
426k-450k 1 1 0.2 6
451k-475k 2 0.3 0
476k-500k 5 1 0 30
501k-550k 4 1 1 0 24
551k-600k 1 0
651k-700k 1 0