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 13% 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 5 0
51k-75k 3 2 0.1 9
76k-100k 1 1 0.2 6
101k-125k 11 5 1 0.1 13.2
126k-150k 15 25 8 0.3 3.6
151k-175k 30 40 6 0.2 4.5
176k-200k 80 70 12 0.1 6.9
201k-225k 113 84 8 0.1 8.1
226k-250k 117 122 15 0.2 5.8
251k-275k 114 104 12 0.2 6.6
276k-300k 128 121 20 0.2 6.3
301k-325k 73 107 12 0.2 4.1
326k-350k 89 98 7 0.2 5.4
351k-375k 56 53 4 0.2 6.3
376k-400k 71 67 8 0.2 6.4
401k-425k 34 55 8 0.3 3.7
426k-450k 31 31 4 0.2 6
451k-475k 25 35 2 0.2 4.3
476k-500k 41 36 6 0.1 6.8
501k-550k 49 38 10 0.1 7.7
551k-600k 27 29 4 0.2 5.6
601k-650k 24 29 3 0.2 5
651k-700k 23 17 2 0.1 8.1
701k-750k 18 9 0.1 12
751k-800k 11 8 3 0.1 8.3
801k-850k 10 11 1 0.2 5.5
851k-900k 10 6 0.1 10
901k-950k 3 3 0.2 6
951k-1m 5 3 0.1 10
1m-1.1m 10 3 0.1 20
1.1m-1.2m 13 0
1.2m-1.3m 7 9 3 0.2 4.7
1.3m-1.4m 6 3 3 0.1 12
1.4m-1.5m 10 4 0.1 15
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 3 0
1.7m-1.8m 5 2 0.1 15
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 1 0
4m-4.5m 3 0
4.5m-5m 5 1 0 30
5.01m-6m 2 0
11.01m-12m 1 0