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

Houses 27% 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
126k-150k 2 0.3 0
151k-175k 2 0.3 0
176k-200k 2 0.3 0
201k-225k 1 2 0.3 3
226k-250k 1 2 0.3 3
251k-275k 3 5 1 0.3 3.6
276k-300k 1 9 1 1.5 0.7
301k-325k 4 12 1 0.5 2
326k-350k 11 18 3 0.3 3.7
351k-375k 6 20 1 0.6 1.8
376k-400k 7 31 3 0.7 1.4
401k-425k 4 33 4 1.4 0.7
426k-450k 19 37 4 0.3 3.1
451k-475k 9 40 7 0.7 1.4
476k-500k 12 49 9 0.7 1.5
501k-550k 44 107 13 0.4 2.5
551k-600k 48 99 18 0.3 2.9
601k-650k 44 92 18 0.3 2.9
651k-700k 52 98 13 0.3 3.2
701k-750k 55 83 10 0.3 4
751k-800k 50 55 9 0.2 5.5
801k-850k 25 44 3 0.3 3.4
851k-900k 30 42 5 0.2 4.3
901k-950k 16 20 0.2 4.8
951k-1m 18 17 3 0.2 6.4
1m-1.1m 15 24 2 0.3 3.8
1.1m-1.2m 18 20 3 0.2 5.4
1.2m-1.3m 8 9 2 0.2 5.3
1.3m-1.4m 8 4 0.1 12
1.4m-1.5m 8 9 2 0.2 5.3
1.5m-1.6m 5 8 1 0.3 3.8
1.6m-1.7m 5 6 0.2 5
1.7m-1.8m 4 6 1 0.3 4
1.8m-1.9m 1 1 0.2 6
1.9m-2m 2 4 0.3 3
2m-2.25m 6 1 1 0
2.25m-2.5m 4 2 0.1 12
2.5m-2.75m 1 0.2 0
2.75m-3m 1 0
3m-3.5m 3 2 0.1 9
3.5m-4m 2 0.3 0
4m-4.5m 1 0
6.01m-7m 1 0
7.01m-8m 1 0