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 3 0.2 5.7
226k-250k 31 28 3 0.2 6.6
251k-275k 21 22 4 0.2 5.7
276k-300k 29 43 5 0.2 4
301k-325k 11 18 2 0.3 3.7
326k-350k 25 36 5 0.2 4.2
351k-375k 16 27 3 0.3 3.6
376k-400k 45 45 6 0.2 6
401k-425k 26 32 2 0.2 4.9
426k-450k 31 42 4 0.2 4.4
451k-475k 25 49 6 0.3 3.1
476k-500k 26 40 7 0.3 3.9
501k-550k 38 72 11 0.3 3.2
551k-600k 58 53 6 0.2 6.6
601k-650k 37 54 9 0.2 4.1
651k-700k 27 39 8 0.2 4.2
701k-750k 34 27 3 0.1 7.6
751k-800k 28 24 2 0.1 7
801k-850k 14 10 2 0.1 8.4
851k-900k 24 14 6 0.1 10.3
901k-950k 10 3 1 0.1 20
951k-1m 4 6 0.3 4
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 5 0.1 10.8
1.3m-1.4m 1 6 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