Absorption Report

Arlington Heights, Barrington, Hoffman Estates, Inverness, Orland Park, Palatine, Rolling Meadows, Schaumburg, South Barrington, District 15

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months
Inventory
5 months
Inventory
> 5 months
Inventory

The absorption rate is the rate at which a home is likely to sell 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 5 months of inventory in their price range, and they are 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.


NAN% of available homes are currently under contract

Single Family Homes

List Price Available Sold Since 11/06 Under Contract
Last 30 days
Absorption Rate Months of Inventory
151k-175k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 6 1 0
276k-300k 13 2.2 0
301k-325k 12 2 0
326k-350k 15 2.5 0
351k-375k 15 2.5 0
376k-400k 20 1 3.3 0
401k-425k 21 3.5 0
426k-450k 19 3.2 0
451k-475k 13 2.2 0
476k-500k 7 1.2 0
501k-550k 11 1.8 0
551k-600k 17 2.8 0
601k-650k 7 1.2 0
651k-700k 5 0.8 0
701k-750k 10 1.7 0
751k-800k 5 0.8 0
801k-850k 1 0.2 0
851k-900k 3 0.5 0
901k-950k 2 0.3 0
951k-1m 4 0.7 0

NAN% of available homes are currently under contract

Condos/Townhomes

List Price Available Sold Since 11/06 Under Contract
Last 30 days
Absorption Rate Months of Inventory
76k-100k 1 0.2 0
101k-125k 5 1 0.8 0
126k-150k 16 1 2.7 0
151k-175k 29 4.8 0
176k-200k 23 1 3.8 0
201k-225k 22 3.7 0
226k-250k 35 1 5.8 0
251k-275k 22 3.7 0
276k-300k 32 1 5.3 0
301k-325k 12 1 2 0
326k-350k 11 1.8 0
351k-375k 11 1.8 0
376k-400k 3 0.5 0
401k-425k 3 0.5 0
426k-450k 8 1.3 0
451k-475k 1 0.2 0
476k-500k 5 0.8 0
501k-550k 8 1.3 0
551k-600k 7 2 1.2 0

NAN% of available homes are currently under contract

Lots/Land

List Price Available Sold Since 12/31 Under Contract
Last 30 days
Absorption Rate Months of Inventory
26k-50k 1 0.2 0
101k-125k 2 0.3 0
176k-200k 2 0.3 0
326k-350k 1 0.2 0
426k-450k 1 0.2 0