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 1 0.2 6
101k-125k 2 3 1 0.3 4
126k-150k 4 5 1 0.2 4.8
151k-175k 4 4 0.2 6
176k-200k 17 8 1 0.1 12.8
201k-225k 17 19 3 0.2 5.4
226k-250k 32 30 4 0.2 6.4
251k-275k 21 24 5 0.2 5.3
276k-300k 32 40 3 0.2 4.8
301k-325k 12 19 2 0.3 3.8
326k-350k 27 35 4 0.2 4.6
351k-375k 18 26 2 0.2 4.2
376k-400k 43 48 9 0.2 5.4
401k-425k 26 32 1 0.2 4.9
426k-450k 30 40 2 0.2 4.5
451k-475k 23 53 7 0.4 2.6
476k-500k 27 38 5 0.2 4.3
501k-550k 38 73 14 0.3 3.1
551k-600k 65 50 4 0.1 7.8
601k-650k 37 53 7 0.2 4.2
651k-700k 28 41 10 0.2 4.1
701k-750k 32 27 4 0.1 7.1
751k-800k 30 23 2 0.1 7.8
801k-850k 15 13 3 0.1 6.9
851k-900k 24 12 4 0.1 12
901k-950k 8 3 1 0.1 16
951k-1m 7 7 0.2 6
1m-1.1m 13 7 2 0.1 11.1
1.1m-1.2m 9 8 0.1 6.8
1.2m-1.3m 8 7 1 0.1 6.9
1.3m-1.4m 2 6 1 0.5 2
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