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
101k-125k 1 0.2 0
126k-150k 2 0.3 0
151k-175k 2 1 0.3 0
176k-200k 4 7 1 0.3 3.4
201k-225k 9 22 5 0.4 2.5
226k-250k 10 24 3 0.4 2.5
251k-275k 12 18 4 0.3 4
276k-300k 14 28 6 0.3 3
301k-325k 18 43 7 0.4 2.5
326k-350k 39 100 20 0.4 2.3
351k-375k 43 116 23 0.4 2.2
376k-400k 38 158 34 0.7 1.4
401k-425k 24 147 27 1 1
426k-450k 40 119 24 0.5 2
451k-475k 20 84 10 0.7 1.4
476k-500k 30 73 16 0.4 2.5
501k-550k 47 72 8 0.3 3.9
551k-600k 27 62 5 0.4 2.6
601k-650k 19 40 4 0.4 2.9
651k-700k 22 28 1 0.2 4.7
701k-750k 22 16 0.1 8.3
751k-800k 9 16 1 0.3 3.4
801k-850k 1 10 1 1.7 0.6
851k-900k 6 9 1 0.3 4
901k-950k 4 0.7 0
951k-1m 2 4 0.3 3
1m-1.1m 3 3 0.2 6
1.1m-1.2m 1 3 0.5 2
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 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
151k-175k 2 1 0.3 0
176k-200k 1 1 0.2 0
201k-225k 3 0.5 0
226k-250k 19 24 1 0.2 4.8
251k-275k 3 58 12 3.2 0.3
276k-300k 11 62 10 0.9 1.1
301k-325k 22 120 17 0.9 1.1
326k-350k 23 66 4 0.5 2.1
351k-375k 16 27 6 0.3 3.6
376k-400k 12 12 2 0.2 6
401k-425k 5 5 2 0.2 6
426k-450k 6 4 1 0.1 9
451k-475k 7 5 1 0.1 8.4
476k-500k 5 5 2 0.2 6
501k-550k 3 2 0.1 9
551k-600k 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
51k-75k 1 0.2 0
76k-100k 2 2 1 0.2 6
101k-125k 2 4 1 0.3 3
126k-150k 3 2 0.1 9
151k-175k 3 3 0.2 6
176k-200k 6 2 0.1 18
201k-225k 2 1 0.1 12
226k-250k 1 0
251k-275k 2 1 0.1 12
301k-325k 1 1 0.2 6
326k-350k 2 0
351k-375k 2 0
376k-400k 1 0
426k-450k 1 0