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 0.3 4
126k-150k 6 5 1 0.1 7.2
151k-175k 6 6 1 0.2 6
176k-200k 18 10 2 0.1 10.8
201k-225k 23 17 1 0.1 8.1
226k-250k 30 30 5 0.2 6
251k-275k 23 22 1 0.2 6.3
276k-300k 25 37 4 0.2 4.1
301k-325k 12 19 0.3 3.8
326k-350k 26 35 1 0.2 4.5
351k-375k 14 30 3 0.4 2.8
376k-400k 48 40 3 0.1 7.2
401k-425k 23 31 4 0.2 4.5
426k-450k 31 44 10 0.2 4.2
451k-475k 27 41 6 0.3 4
476k-500k 26 38 4 0.2 4.1
501k-550k 46 65 7 0.2 4.2
551k-600k 45 46 8 0.2 5.9
601k-650k 38 51 10 0.2 4.5
651k-700k 23 37 6 0.3 3.7
701k-750k 24 27 3 0.2 5.3
751k-800k 24 26 2 0.2 5.5
801k-850k 13 9 0.1 8.7
851k-900k 23 13 1 0.1 10.6
901k-950k 11 4 1 0.1 16.5
951k-1m 3 5 0.3 3.6
1m-1.1m 13 7 2 0.1 11.1
1.1m-1.2m 8 9 0.2 5.3
1.2m-1.3m 8 5 0.1 9.6
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
1.6m-1.7m 1 0.2 0
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