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 1 1 0.2 6
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 19 4 0.5 2.2
151k-175k 14 66 14 0.8 1.3
176k-200k 52 117 29 0.4 2.7
201k-225k 74 124 23 0.3 3.6
226k-250k 134 175 29 0.2 4.6
251k-275k 121 179 29 0.2 4.1
276k-300k 175 195 17 0.2 5.4
301k-325k 113 160 20 0.2 4.2
326k-350k 103 149 14 0.2 4.1
351k-375k 75 131 18 0.3 3.4
376k-400k 107 152 22 0.2 4.2
401k-425k 61 92 11 0.3 4
426k-450k 59 90 12 0.3 3.9
451k-475k 29 59 5 0.3 2.9
476k-500k 33 87 14 0.4 2.3
501k-550k 54 125 14 0.4 2.6
551k-600k 50 106 9 0.4 2.8
601k-650k 41 111 15 0.5 2.2
651k-700k 37 105 15 0.5 2.1
701k-750k 31 65 3 0.3 2.9
751k-800k 22 76 9 0.6 1.7
801k-850k 27 48 2 0.3 3.4
851k-900k 21 65 5 0.5 1.9
901k-950k 14 29 0.3 2.9
951k-1m 16 34 1 0.4 2.8
1m-1.1m 13 37 3 0.5 2.1
1.1m-1.2m 19 32 4 0.3 3.6
1.2m-1.3m 14 23 2 0.3 3.7
1.3m-1.4m 10 18 2 0.3 3.3
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 11 8 0.1 8.3
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