Absorption Report

Dallas

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 25% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 1 0.3 0
151k-175k 2 5 0.4 2.4
176k-200k 1 2 0.3 3
201k-225k 2 9 1 0.8 1.3
226k-250k 8 19 2 0.4 2.5
251k-275k 27 43 9 0.3 3.8
276k-300k 47 76 14 0.3 3.7
301k-325k 32 53 13 0.3 3.6
326k-350k 39 84 19 0.4 2.8
351k-375k 47 82 12 0.3 3.4
376k-400k 70 104 10 0.2 4
401k-425k 37 53 4 0.2 4.2
426k-450k 49 55 7 0.2 5.3
451k-475k 23 35 6 0.3 3.9
476k-500k 23 45 6 0.3 3.1
501k-550k 29 41 4 0.2 4.2
551k-600k 19 19 4 0.2 6
601k-650k 13 10 2 0.1 7.8
651k-700k 7 7 4 0.2 6
701k-750k 2 2 0.2 6
751k-800k 2 3 0.3 4
801k-850k 1 0.2 0
851k-900k 1 1 0.2 6
951k-1m 2 1 0.1 12
1.1m-1.2m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 1 0.2 0
2m-2.25m 1 0
2.75m-3m 1 0

Townhouses 14% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0
251k-275k 1 2 0.3 3
276k-300k 1 2 1 0.3 3
301k-325k 2 1 0.1 12
326k-350k 1 0

Land 10% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 2 8 0.7 1.5
26k-50k 14 4 0 21
51k-75k 13 5 0.1 15.6
76k-100k 6 2 1 0.1 18
101k-125k 7 2 0 21
126k-150k 1 1 0.2 6
151k-175k 3 2 1 0.1 9
176k-200k 3 5 1 0.3 3.6
201k-225k 3 2 0.1 9
226k-250k 4 2 0.1 12
251k-275k 3 0
276k-300k 2 0
351k-375k 1 0
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
651k-700k 1 0
951k-1m 2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
3m-3.5m 1 0
4m-4.5m 1 0
5.01m-6m 1 0