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

Houses 21% 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
26k-50k 1 0.2 0
51k-75k 1 6 1 1
76k-100k 5 12 3 0.4 2.5
101k-125k 12 29 5 0.4 2.5
126k-150k 22 60 4 0.5 2.2
151k-175k 42 90 22 0.4 2.8
176k-200k 71 88 11 0.2 4.8
201k-225k 84 111 17 0.2 4.5
226k-250k 111 118 24 0.2 5.6
251k-275k 118 115 18 0.2 6.2
276k-300k 137 123 21 0.1 6.7
301k-325k 76 103 11 0.2 4.4
326k-350k 112 105 10 0.2 6.4
351k-375k 85 82 15 0.2 6.2
376k-400k 92 103 16 0.2 5.4
401k-425k 68 83 11 0.2 4.9
426k-450k 67 75 6 0.2 5.4
451k-475k 38 51 8 0.2 4.5
476k-500k 63 76 9 0.2 5
501k-550k 77 131 16 0.3 3.5
551k-600k 83 119 10 0.2 4.2
601k-650k 52 112 14 0.4 2.8
651k-700k 46 112 8 0.4 2.5
701k-750k 41 83 5 0.3 3
751k-800k 22 89 9 0.7 1.5
801k-850k 28 75 7 0.4 2.2
851k-900k 31 73 6 0.4 2.5
901k-950k 28 38 2 0.2 4.4
951k-1m 21 47 7 0.4 2.7
1m-1.1m 26 62 4 0.4 2.5
1.1m-1.2m 27 57 9 0.4 2.8
1.2m-1.3m 26 46 2 0.3 3.4
1.3m-1.4m 18 34 3 0.3 3.2
1.4m-1.5m 16 35 5 0.4 2.7
1.5m-1.6m 15 24 2 0.3 3.8
1.6m-1.7m 10 26 1 0.4 2.3
1.7m-1.8m 13 19 1 0.2 4.1
1.8m-1.9m 7 15 2 0.4 2.8
1.9m-2m 7 12 0.3 3.5
2m-2.25m 17 24 2 0.2 4.3
2.25m-2.5m 16 33 4 0.3 2.9
2.5m-2.75m 20 9 0.1 13.3
2.75m-3m 12 14 1 0.2 5.1
3m-3.5m 15 19 0.2 4.7
3.5m-4m 17 11 2 0.1 9.3
4m-4.5m 7 9 3 0.2 4.7
4.5m-5m 7 3 0.1 14
5.01m-6m 12 9 0.1 8
6.01m-7m 3 1 0.1 18
7.01m-8m 2 1 0.1 12
8.01m-9m 1 2 0.3 3
9.01m-10m 2 0
16.01m-17m 1 0
37.01m-38m 1 0