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
1k-25k 1 1 0.2 6
26k-50k 2 1 0.3 0
51k-75k 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 1 5 0.8 1.2
126k-150k 7 20 4 0.5 2.1
151k-175k 14 63 14 0.8 1.3
176k-200k 52 112 27 0.4 2.8
201k-225k 80 122 22 0.3 3.9
226k-250k 131 179 30 0.2 4.4
251k-275k 123 181 27 0.2 4.1
276k-300k 177 195 21 0.2 5.4
301k-325k 112 161 21 0.2 4.2
326k-350k 102 151 17 0.2 4.1
351k-375k 77 133 21 0.3 3.5
376k-400k 107 154 24 0.2 4.2
401k-425k 63 94 11 0.2 4
426k-450k 59 89 12 0.3 4
451k-475k 29 57 6 0.3 3.1
476k-500k 34 91 16 0.4 2.2
501k-550k 52 126 15 0.4 2.5
551k-600k 50 105 10 0.4 2.9
601k-650k 41 113 15 0.5 2.2
651k-700k 38 108 16 0.5 2.1
701k-750k 30 69 3 0.4 2.6
751k-800k 22 77 10 0.6 1.7
801k-850k 25 48 3 0.3 3.1
851k-900k 22 66 6 0.5 2
901k-950k 14 30 0.4 2.8
951k-1m 18 34 0.3 3.2
1m-1.1m 12 37 5 0.5 1.9
1.1m-1.2m 19 32 4 0.3 3.6
1.2m-1.3m 14 24 2 0.3 3.5
1.3m-1.4m 11 18 1 0.3 3.7
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 10 8 0.1 7.5
1.6m-1.7m 10 15 2 0.3 4
1.7m-1.8m 12 12 1 0.2 6
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 6 4 1 0.1 9
2m-2.25m 8 5 0.1 9.6
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 1 0 30
3m-3.5m 1 5 0.8 1.2
3.5m-4m 2 0
4m-4.5m 2 1 0.1 12
4.5m-5m 1 1 0.2 6
8.01m-9m 1 0.2 0