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 2 5 2 0.4 2.4
276k-300k 1 7 3 1.2 0.9
301k-325k 10 7 1 0.1 8.6
326k-350k 13 30 10 0.4 2.6
351k-375k 7 31 9 0.7 1.4
376k-400k 30 50 9 0.3 3.6
401k-425k 41 57 11 0.2 4.3
426k-450k 28 75 13 0.4 2.2
451k-475k 17 40 9 0.4 2.6
476k-500k 32 40 6 0.2 4.8
501k-550k 38 24 4 0.1 9.5
551k-600k 32 19 3 0.1 10.1
601k-650k 11 13 1 0.2 5.1
651k-700k 14 12 1 0.1 7
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 3 0
1.2m-1.3m 3 0.5 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 2 0.3 0
1.7m-1.8m 1 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 15 2 1.3 0.8
301k-325k 5 16 2 0.5 1.9
326k-350k 12 45 4 0.6 1.6
351k-375k 23 54 5 0.4 2.6
376k-400k 19 27 4 0.2 4.2
401k-425k 8 6 0.1 8
426k-450k 1 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 2 1 0.1 12
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 0
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