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 1 2 0.3 3
151k-175k 2 1 0.3 0
176k-200k 3 7 1 0.4 2.6
201k-225k 8 20 4 0.4 2.4
226k-250k 11 23 3 0.3 2.9
251k-275k 14 18 4 0.2 4.7
276k-300k 16 27 6 0.3 3.6
301k-325k 25 44 7 0.3 3.4
326k-350k 35 100 16 0.5 2.1
351k-375k 43 110 14 0.4 2.3
376k-400k 37 159 28 0.7 1.4
401k-425k 22 140 21 1.1 0.9
426k-450k 42 118 20 0.5 2.1
451k-475k 17 71 11 0.7 1.4
476k-500k 31 65 10 0.3 2.9
501k-550k 48 68 5 0.2 4.2
551k-600k 26 61 3 0.4 2.6
601k-650k 22 40 4 0.3 3.3
651k-700k 21 27 1 0.2 4.7
701k-750k 20 16 1 0.1 7.5
751k-800k 8 16 1 0.3 3
801k-850k 1 10 1.7 0.6
851k-900k 6 9 1 0.3 4
901k-950k 1 4 0.7 1.5
951k-1m 2 4 0.3 3
1m-1.1m 3 3 0.2 6
1.1m-1.2m 2 3 0.3 4
1.2m-1.3m 3 1 0.1 18
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 0.3 0
176k-200k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 17 24 3 0.2 4.3
251k-275k 1 53 11 8.8 0.1
276k-300k 10 59 9 1 1
301k-325k 23 112 11 0.8 1.2
326k-350k 22 52 4 0.4 2.5
351k-375k 15 24 4 0.3 3.8
376k-400k 10 8 2 0.1 7.5
401k-425k 6 7 3 0.2 5.1
426k-450k 3 4 1 0.2 4.5
451k-475k 7 3 0.1 14
476k-500k 3 5 2 0.3 3.6
501k-550k 5 2 0.1 15
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 3 0.3 4
126k-150k 3 2 0.1 9
151k-175k 2 3 0.3 4
176k-200k 6 2 0.1 18
201k-225k 3 1 0.1 18
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