Absorption Report

Lot/Land

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.


89% 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
-24,000-0 45 0
1k-25k 642 288 43 0.1 13.4
26k-50k 573 217 56 0.1 15.8
51k-75k 454 118 27 0 23.1
76k-100k 287 89 22 0.1 19.3
101k-125k 155 62 12 0.1 15
126k-150k 184 56 11 0.1 19.7
151k-175k 107 40 11 0.1 16.1
176k-200k 144 34 9 0 25.4
201k-225k 61 25 7 0.1 14.6
226k-250k 103 29 10 0 21.3
251k-275k 74 12 3 0 37
276k-300k 87 18 3 0 29
301k-325k 47 13 2 0 21.7
326k-350k 62 8 2 0 46.5
351k-375k 31 16 6 0.1 11.6
376k-400k 69 16 1 0 25.9
401k-425k 32 12 1 0.1 16
426k-450k 41 17 5 0.1 14.5
451k-475k 21 3 1 0 42
476k-500k 84 10 4 0 50.4
501k-550k 62 19 4 0.1 19.6
551k-600k 64 10 1 0 38.4
601k-650k 33 14 2 0.1 14.1
651k-700k 64 7 1 0 54.9
701k-750k 41 7 1 0 35.1
751k-800k 42 12 7 0 21
801k-850k 27 3 0 54
851k-900k 38 9 1 0 25.3
901k-950k 26 8 1 0.1 19.5
951k-1m 47 8 1 0 35.3
1m-1.1m 29 4 0 43.5
1.1m-1.2m 32 7 0 27.4
1.2m-1.3m 34 11 3 0.1 18.5
1.3m-1.4m 21 7 1 0.1 18
1.4m-1.5m 30 6 1 0 30
1.5m-1.6m 15 5 1 0.1 18
1.6m-1.7m 10 3 1 0.1 20
1.7m-1.8m 15 3 1 0 30
1.8m-1.9m 15 0
1.9m-2m 15 5 1 0.1 18
2m-2.25m 25 5 2 0 30
2.25m-2.5m 26 2 0 78
2.5m-2.75m 11 2 0 33
2.75m-3m 24 1 0 144
3m-3.5m 20 0
3.5m-4m 15 1 1 0 90
4m-4.5m 12 3 2 0 24
4.5m-5m 10 0
5.01m-6m 11 1 0 66
6.01m-7m 7 1 0 42
7.01m-8m 7 0
9.01m-10m 5 0
10.01m-11m 6 0
11.01m-12m 2 0
17.01m-18m 1 0
18.01m-19m 1 0