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 1 1 0.2 6
101k-125k 2 3 1 0.3 4
126k-150k 4 5 1 0.2 4.8
151k-175k 5 4 0.1 7.5
176k-200k 18 8 1 0.1 13.5
201k-225k 19 20 4 0.2 5.7
226k-250k 32 28 3 0.1 6.9
251k-275k 21 22 4 0.2 5.7
276k-300k 28 42 5 0.3 4
301k-325k 11 18 2 0.3 3.7
326k-350k 26 35 4 0.2 4.5
351k-375k 17 25 2 0.2 4.1
376k-400k 45 49 10 0.2 5.5
401k-425k 26 31 1 0.2 5
426k-450k 32 40 3 0.2 4.8
451k-475k 27 51 5 0.3 3.2
476k-500k 25 40 7 0.3 3.8
501k-550k 40 72 11 0.3 3.3
551k-600k 62 52 6 0.1 7.2
601k-650k 38 53 9 0.2 4.3
651k-700k 29 39 8 0.2 4.5
701k-750k 32 28 4 0.1 6.9
751k-800k 30 22 1 0.1 8.2
801k-850k 15 12 3 0.1 7.5
851k-900k 25 12 4 0.1 12.5
901k-950k 9 3 1 0.1 18
951k-1m 6 7 0.2 5.1
1m-1.1m 14 6 1 0.1 14
1.1m-1.2m 8 9 1 0.2 5.3
1.2m-1.3m 9 6 1 0.1 9
1.3m-1.4m 1 6 1 1 1
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
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