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
76k-100k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 5 2 1 0.1 15
201k-225k 3 4 0.2 4.5
226k-250k 7 7 0.2 6
251k-275k 9 13 1 0.2 4.2
276k-300k 24 23 4 0.2 6.3
301k-325k 29 39 11 0.2 4.5
326k-350k 64 57 13 0.1 6.7
351k-375k 63 67 13 0.2 5.6
376k-400k 66 87 12 0.2 4.6
401k-425k 57 52 8 0.2 6.6
426k-450k 60 50 6 0.1 7.2
451k-475k 50 42 10 0.1 7.1
476k-500k 58 57 7 0.2 6.1
501k-550k 79 58 7 0.1 8.2
551k-600k 64 58 8 0.2 6.6
601k-650k 53 48 12 0.2 6.6
651k-700k 41 45 6 0.2 5.5
701k-750k 21 30 8 0.2 4.2
751k-800k 32 29 4 0.2 6.6
801k-850k 23 15 3 0.1 9.2
851k-900k 22 13 1 0.1 10.2
901k-950k 13 15 3 0.2 5.2
951k-1m 21 10 0.1 12.6
1m-1.1m 14 16 4 0.2 5.3
1.1m-1.2m 12 11 3 0.2 6.5
1.2m-1.3m 10 10 1 0.2 6
1.3m-1.4m 4 10 1 0.4 2.4
1.4m-1.5m 8 9 2 0.2 5.3
1.5m-1.6m 8 6 0.1 8
1.6m-1.7m 9 9 1 0.2 6
1.7m-1.8m 8 5 1 0.1 9.6
1.8m-1.9m 5 7 2 0.2 4.3
1.9m-2m 8 6 0.1 8
2m-2.25m 12 4 0.1 18
2.25m-2.5m 13 6 2 0.1 13
2.5m-2.75m 10 7 1 0.1 8.6
2.75m-3m 12 4 0.1 18
3m-3.5m 5 5 1 0.2 6
3.5m-4m 11 5 2 0.1 13.2
4m-4.5m 7 3 0.1 14
4.5m-5m 3 0
5.01m-6m 6 2 1 0.1 18
6.01m-7m 6 0
7.01m-8m 3 0
8.01m-9m 2 0
9.01m-10m 2 1 1 0.1 12
10.01m-11m 1 0
11.01m-12m 1 0
14.01m-15m 1 0
15.01m-16m 2 0
19.01m-20m 1 0
24.01m-25m 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 1 0.2 0
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 2 0
276k-300k 11 6 1.8 0
301k-325k 4 1 0.7 0
326k-350k 16 12 5 0.1 8
351k-375k 6 11 3 0.3 3.3
376k-400k 4 8 1 0.3 3
401k-425k 3 4 0.2 4.5
426k-450k 3 2 0.1 9
451k-475k 5 4 0.1 7.5
476k-500k 7 4 1 0.1 10.5
501k-550k 6 4 3 0.1 9
651k-700k 1 0.2 0
751k-800k 1 0.2 0
851k-900k 1 2 0.3 3
901k-950k 1 0
951k-1m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.75m-3m 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
76k-100k 1 0.2 0
126k-150k 1 2 0.3 3
151k-175k 5 8 2 0.3 3.8
176k-200k 11 4 2 0.1 16.5
201k-225k 3 6 1 0.3 3
226k-250k 16 8 0.1 12
251k-275k 8 7 1 0.1 6.9
276k-300k 20 7 1 0.1 17.1
301k-325k 11 9 1 0.1 7.3
326k-350k 15 6 0.1 15
351k-375k 13 5 1 0.1 15.6
376k-400k 8 5 0.1 9.6
401k-425k 6 1 1 0 36
426k-450k 9 3 0.1 18
451k-475k 1 1 0.2 6
476k-500k 10 7 0.1 8.6
501k-550k 11 5 1 0.1 13.2
551k-600k 7 5 0.1 8.4
601k-650k 5 3 1 0.1 10
651k-700k 7 6 0.1 7
701k-750k 7 5 1 0.1 8.4
751k-800k 5 7 0.2 4.3
801k-850k 6 2 0.1 18
851k-900k 4 4 1 0.2 6
901k-950k 4 1 0 24
951k-1m 12 1 0 72
1m-1.1m 9 3 0.1 18
1.1m-1.2m 5 0
1.2m-1.3m 6 4 2 0.1 9
1.3m-1.4m 2 0
1.4m-1.5m 6 5 2 0.1 7.2
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 4 3 1 0.1 8
1.7m-1.8m 2 2 1 0.2 6
1.8m-1.9m 1 2 0.3 3
1.9m-2m 2 0
2m-2.25m 1 4 2 0.7 1.5
2.25m-2.5m 4 3 1 0.1 8
2.5m-2.75m 4 1 0 24
2.75m-3m 2 1 0.1 12
3m-3.5m 4 2 0.1 12
3.5m-4m 7 2 1 0 21
4m-4.5m 4 1 0 24
4.5m-5m 2 1 0.1 12
5.01m-6m 6 0
6.01m-7m 3 0
7.01m-8m 1 2 1 0.3 3
8.01m-9m 2 1 1 0.1 12
10.01m-11m 1 0