|< 5 months
|> 5 months
The absorption rate is essentially the total number of months that is 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. Read more » A lower absorption rate means that the property is likely to sell much faster, and conversely, a higher number likely indicates that the property will take a bit longer to sell. 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.
8% of available homes are currently under contract
|List Price||Available||Sold Since 05/21||Under Contract
Last 30 days
|Absorption Rate||Months of Inventory|