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 25% 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 1 1 0.2 6
126k-150k 3 0.5 0
151k-175k 2 1 0.1 12
176k-200k 2 0.3 0
201k-225k 6 3 1 0
226k-250k 10 3 1.7 0
251k-275k 4 16 1 0.7 1.5
276k-300k 9 25 0.5 2.2
301k-325k 12 51 8 0.7 1.4
326k-350k 20 72 4 0.6 1.7
351k-375k 27 88 12 0.5 1.8
376k-400k 40 105 9 0.4 2.3
401k-425k 40 127 14 0.5 1.9
426k-450k 37 129 14 0.6 1.7
451k-475k 37 82 8 0.4 2.7
476k-500k 54 77 7 0.2 4.2
501k-550k 86 161 19 0.3 3.2
551k-600k 57 119 14 0.3 2.9
601k-650k 54 111 16 0.3 2.9
651k-700k 53 98 12 0.3 3.2
701k-750k 29 66 8 0.4 2.6
751k-800k 34 45 3 0.2 4.5
801k-850k 24 36 4 0.3 4
851k-900k 22 29 5 0.2 4.6
901k-950k 13 20 4 0.3 3.9
951k-1m 19 19 1 0.2 6
1m-1.1m 11 19 2 0.3 3.5
1.1m-1.2m 14 17 3 0.2 4.9
1.2m-1.3m 7 6 0.1 7
1.3m-1.4m 10 13 1 0.2 4.6
1.4m-1.5m 6 9 1 0.3 4
1.5m-1.6m 10 4 0.1 15
1.6m-1.7m 3 8 1 0.4 2.3
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 2 0
1.9m-2m 7 2 0 21
2m-2.25m 4 5 1 0.2 4.8
2.25m-2.5m 7 2 0 21
2.5m-2.75m 7 1 0 42
2.75m-3m 3 1 1 0.1 18
3m-3.5m 5 0
3.5m-4m 2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 2 0