Absorption Report

Rydal, Hendricks


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 39% 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 1 0
126k-150k 1 4 0.7 1.5
151k-175k 3 1 0.5 0
176k-200k 1 3 0.5 2
201k-225k 2 1 1 0.1 12
226k-250k 2 5 1 0.4 2.4
251k-275k 1 10 1 1.7 0.6
276k-300k 2 35 7 2.9 0.3
301k-325k 3 40 4 2.2 0.5
326k-350k 23 99 21 0.7 1.4
351k-375k 29 82 16 0.5 2.1
376k-400k 31 125 25 0.7 1.5
401k-425k 25 121 22 0.8 1.2
426k-450k 37 131 28 0.6 1.7
451k-475k 32 95 13 0.5 2
476k-500k 41 107 28 0.4 2.3
501k-550k 46 153 28 0.6 1.8
551k-600k 47 132 19 0.5 2.1
601k-650k 30 101 20 0.6 1.8
651k-700k 42 94 17 0.4 2.7
701k-750k 34 69 11 0.3 3
751k-800k 35 55 11 0.3 3.8
801k-850k 15 41 8 0.5 2.2
851k-900k 20 33 6 0.3 3.6
901k-950k 8 17 1 0.4 2.8
951k-1m 22 21 5 0.2 6.3
1m-1.1m 13 25 5 0.3 3.1
1.1m-1.2m 6 16 5 0.4 2.3
1.2m-1.3m 11 16 3 0.2 4.1
1.3m-1.4m 12 12 4 0.2 6
1.4m-1.5m 14 2 1 0 42
1.5m-1.6m 5 2 0.1 15
1.6m-1.7m 10 4 1 0.1 15
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 7 1 0 42
1.9m-2m 3 2 1 0.1 9
2m-2.25m 2 2 0.2 6
2.25m-2.5m 14 2 1 0 42
2.5m-2.75m 3 1 0.1 18
2.75m-3m 3 2 1 0.1 9
3m-3.5m 1 0
3.5m-4m 4 0
4m-4.5m 1 0
5.01m-6m 2 0
11.01m-12m 1 0