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

Condos 12% 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
1k-25k 1 0.2 0
26k-50k 4 0
51k-75k 3 2 0.1 9
76k-100k 1 0
101k-125k 10 7 3 0.1 8.6
126k-150k 18 22 5 0.2 4.9
151k-175k 32 41 6 0.2 4.7
176k-200k 80 67 10 0.1 7.2
201k-225k 112 84 11 0.1 8
226k-250k 112 117 14 0.2 5.7
251k-275k 122 102 11 0.1 7.2
276k-300k 125 114 19 0.2 6.6
301k-325k 68 103 14 0.3 4
326k-350k 95 98 9 0.2 5.8
351k-375k 59 50 3 0.1 7.1
376k-400k 66 67 9 0.2 5.9
401k-425k 37 55 5 0.2 4
426k-450k 34 27 3 0.1 7.6
451k-475k 29 34 2 0.2 5.1
476k-500k 40 39 6 0.2 6.2
501k-550k 47 36 9 0.1 7.8
551k-600k 29 28 3 0.2 6.2
601k-650k 22 27 2 0.2 4.9
651k-700k 21 16 3 0.1 7.9
701k-750k 17 8 0.1 12.8
751k-800k 13 8 2 0.1 9.8
801k-850k 9 11 2 0.2 4.9
851k-900k 9 6 1 0.1 9
901k-950k 2 3 0.3 4
951k-1m 4 3 0.1 8
1m-1.1m 9 4 1 0.1 13.5
1.1m-1.2m 13 0
1.2m-1.3m 7 9 1 0.2 4.7
1.3m-1.4m 6 4 3 0.1 9
1.4m-1.5m 9 4 0.1 13.5
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 6 0
1.7m-1.8m 6 2 0.1 18
1.8m-1.9m 2 0
1.9m-2m 5 1 0 30
2m-2.25m 5 1 0 30
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 1 2 0.3 3
2.75m-3m 2 3 0.3 4
3m-3.5m 3 3 0.2 6
3.5m-4m 2 0
4m-4.5m 3 0
4.5m-5m 4 0
5.01m-6m 2 0
11.01m-12m 1 0