The market statistics below are designed to help you better understand real estate activity in a specific county, city, or subdivision. They offer valuable insight into recent sales, inventory, pricing, and other market conditions. That said, most of the information is based on past sales activity and should not be relied upon as a guarantee or prediction of future market trends.
A strong understanding of the real estate market requires more than numbers alone. Licensed real estate professionals who are actively working with buyers and sellers have access to real-time market insight, including buyer demand, seller expectations, showing activity, competing offers, and shifts in local conditions. That firsthand experience provides context that statistics by themselves cannot fully explain.
We hope these reports serve as a helpful starting point. To better understand what the numbers mean for your specific property, neighborhood, or goals, we recommend speaking with a knowledgeable local real estate professional.
Please call our office at 800.975.6024 to speak with a real estate professional.
Market Absorption
Use the tool below to understand the absorption rate for your community, city or the county.
The absorption rate is a real estate measurement that shows how quickly homes are selling in a specific market. It compares the number of homes currently for sale to the number of homes that have recently sold.
In simple terms, it helps answer this question: If no new homes came on the market, how long would it take to sell the current inventory?
For example, if there are 60 homes for sale and 20 homes are selling each month, the market has a 3-month absorption rate. That means it would take about 3 months to sell all the available homes at the current pace of sales.
A lower absorption rate usually points to a seller’s market, where homes are selling quickly. A higher absorption rate usually points to a buyer’s market, where homes are taking longer to sell.
Formula:
Current homes for sale ÷ Average number of homes sold per month = Months of inventory
This number helps buyers and sellers better understand local market conditions before making real estate decisions.
Months of Supply (Absorption)
Months of supply = current active inventory ÷ average monthly sales over the selected period. Lower = stronger seller's market (green < 6, orange 6–9, red > 9).