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 49 116 30 0.4 2.5
201k-225k 73 125 22 0.3 3.5
226k-250k 137 173 28 0.2 4.8
251k-275k 121 182 30 0.3 4
276k-300k 172 194 17 0.2 5.3
301k-325k 113 158 20 0.2 4.3
326k-350k 102 149 14 0.2 4.1
351k-375k 76 131 18 0.3 3.5
376k-400k 105 153 22 0.2 4.1
401k-425k 63 93 12 0.2 4.1
426k-450k 58 90 12 0.3 3.9
451k-475k 28 59 4 0.4 2.8
476k-500k 33 87 13 0.4 2.3
501k-550k 51 126 15 0.4 2.4
551k-600k 48 108 9 0.4 2.7
601k-650k 44 110 13 0.4 2.4
651k-700k 39 105 15 0.4 2.2
701k-750k 30 65 3 0.4 2.8
751k-800k 21 77 9 0.6 1.6
801k-850k 27 48 2 0.3 3.4
851k-900k 20 64 6 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 10 9 1 0.2 6.7
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 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