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

Townhouses 19% 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
51k-75k 2 1 0.3 0
101k-125k 2 3 0.3 4
126k-150k 5 6 0.2 5
151k-175k 6 7 1 0.2 5.1
176k-200k 18 8 2 0.1 13.5
201k-225k 23 18 2 0.1 7.7
226k-250k 27 27 4 0.2 6
251k-275k 23 24 3 0.2 5.8
276k-300k 22 38 3 0.3 3.5
301k-325k 13 19 0.2 4.1
326k-350k 25 33 0.2 4.5
351k-375k 14 30 3 0.4 2.8
376k-400k 48 38 3 0.1 7.6
401k-425k 21 31 4 0.2 4.1
426k-450k 30 44 10 0.2 4.1
451k-475k 24 41 4 0.3 3.5
476k-500k 32 37 4 0.2 5.2
501k-550k 49 64 4 0.2 4.6
551k-600k 38 44 7 0.2 5.2
601k-650k 36 52 11 0.2 4.2
651k-700k 21 41 6 0.3 3.1
701k-750k 26 25 4 0.2 6.2
751k-800k 24 25 2 0.2 5.8
801k-850k 12 8 0.1 9
851k-900k 20 15 2 0.1 8
901k-950k 11 4 1 0.1 16.5
951k-1m 4 5 0.2 4.8
1m-1.1m 12 9 3 0.1 8
1.1m-1.2m 9 8 0.1 6.8
1.2m-1.3m 9 5 0.1 10.8
1.3m-1.4m 1 6 1 1
1.4m-1.5m 1 3 0.5 2
1.5m-1.6m 1 2 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 2 2 0.3 0
2.25m-2.5m 2 0.3 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
6.01m-7m 1 0