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
126k-150k 2 2 0.2 6
151k-175k 3 0.5 0
176k-200k 2 6 2 0.5 2
201k-225k 3 10 2 0.6 1.8
226k-250k 10 28 6 0.5 2.1
251k-275k 17 70 10 0.7 1.5
276k-300k 67 178 31 0.4 2.3
301k-325k 138 274 47 0.3 3
326k-350k 137 245 40 0.3 3.4
351k-375k 122 171 20 0.2 4.3
376k-400k 92 98 7 0.2 5.6
401k-425k 53 49 8 0.2 6.5
426k-450k 59 40 4 0.1 8.9
451k-475k 21 29 3 0.2 4.3
476k-500k 16 10 3 0.1 9.6
501k-550k 28 25 3 0.1 6.7
551k-600k 19 13 2 0.1 8.8
601k-650k 4 6 0.3 4
651k-700k 12 5 0.1 14.4
701k-750k 6 3 1 0.1 12
751k-800k 3 2 0.1 9
801k-850k 3 1 0.1 18
851k-900k 3 0.5 0
901k-950k 2 1 0.1 12
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 4 5 1 0.2 4.8
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0
6.01m-7m 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
201k-225k 1 1 1 0.2 6
226k-250k 2 7 2 0.6 1.7
251k-275k 26 60 23 0.4 2.6
276k-300k 40 47 14 0.2 5.1
301k-325k 36 81 16 0.4 2.7
326k-350k 21 8 1 0.1 15.8
351k-375k 5 0.8 0
376k-400k 1 4 0.7 1.5
401k-425k 5 3 0.1 10
426k-450k 4 1 1 0 24
451k-475k 1 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 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
76k-100k 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 2 1 0.1 12
151k-175k 2 5 3 0.4 2.4
176k-200k 2 7 0.6 1.7
201k-225k 4 3 0.1 8
226k-250k 1 0.2 0
251k-275k 4 1 0 24
276k-300k 1 2 0.3 3
301k-325k 1 0.2 0
326k-350k 1 0
401k-425k 1 0
551k-600k 1 0