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 23% 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 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 1 10 3 1.7 0.6
126k-150k 7 34 3 0.8 1.2
151k-175k 17 46 9 0.5 2.2
176k-200k 36 61 11 0.3 3.5
201k-225k 35 69 13 0.3 3
226k-250k 94 114 26 0.2 4.9
251k-275k 92 101 13 0.2 5.5
276k-300k 58 99 18 0.3 3.5
301k-325k 36 53 5 0.2 4.1
326k-350k 49 42 5 0.1 7
351k-375k 22 35 4 0.3 3.8
376k-400k 9 11 1 0.2 4.9
401k-425k 10 5 0.1 12
426k-450k 8 2 1 0 24
451k-475k 2 1 0.1 12
476k-500k 2 0
501k-550k 2 0
551k-600k 2 0
601k-650k 1 2 1 0.3 3
651k-700k 1 0
751k-800k 1 0.2 0
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.6m-1.7m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0