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 29% 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 5 0.8 0
126k-150k 6 20 5 0.6 1.8
151k-175k 14 64 14 0.8 1.3
176k-200k 45 116 33 0.4 2.3
201k-225k 70 126 21 0.3 3.3
226k-250k 133 170 30 0.2 4.7
251k-275k 110 180 30 0.3 3.7
276k-300k 153 192 18 0.2 4.8
301k-325k 107 158 18 0.2 4.1
326k-350k 86 150 15 0.3 3.4
351k-375k 69 129 16 0.3 3.2
376k-400k 96 154 23 0.3 3.7
401k-425k 58 95 13 0.3 3.7
426k-450k 51 91 10 0.3 3.4
451k-475k 27 57 5 0.4 2.8
476k-500k 35 86 12 0.4 2.4
501k-550k 47 125 16 0.4 2.3
551k-600k 41 106 9 0.4 2.3
601k-650k 39 108 14 0.5 2.2
651k-700k 37 103 14 0.5 2.2
701k-750k 27 63 3 0.4 2.6
751k-800k 19 78 9 0.7 1.5
801k-850k 24 48 2 0.3 3
851k-900k 21 64 6 0.5 2
901k-950k 12 29 0.4 2.5
951k-1m 14 35 3 0.4 2.4
1m-1.1m 11 36 3 0.5 1.8
1.1m-1.2m 16 32 4 0.3 3
1.2m-1.3m 14 22 2 0.3 3.8
1.3m-1.4m 9 17 2 0.3 3.2
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 11 9 1 0.1 7.3
1.6m-1.7m 10 13 1 0.2 4.6
1.7m-1.8m 10 13 2 0.2 4.6
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 4 4 0.2 6
2m-2.25m 7 5 0.1 8.4
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 5 0.8 0
3.5m-4m 2 0
4m-4.5m 1 1 0.2 6
4.5m-5m 1 1 0.2 6
8.01m-9m 1 0.2 0