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 24% 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 5 1 0.8 0
101k-125k 3 4 0.2 4.5
126k-150k 7 21 4 0.5 2
151k-175k 14 66 14 0.8 1.3
176k-200k 58 108 22 0.3 3.2
201k-225k 75 126 19 0.3 3.6
226k-250k 133 168 28 0.2 4.8
251k-275k 116 178 23 0.3 3.9
276k-300k 156 187 19 0.2 5
301k-325k 114 158 15 0.2 4.3
326k-350k 92 153 14 0.3 3.6
351k-375k 72 127 10 0.3 3.4
376k-400k 97 147 15 0.3 4
401k-425k 58 95 14 0.3 3.7
426k-450k 54 89 9 0.3 3.6
451k-475k 30 53 2 0.3 3.4
476k-500k 38 83 6 0.4 2.7
501k-550k 50 125 12 0.4 2.4
551k-600k 46 109 10 0.4 2.5
601k-650k 43 105 13 0.4 2.5
651k-700k 38 101 10 0.4 2.3
701k-750k 29 62 4 0.4 2.8
751k-800k 21 78 7 0.6 1.6
801k-850k 25 48 0.3 3.1
851k-900k 21 61 6 0.5 2.1
901k-950k 12 29 0.4 2.5
951k-1m 14 36 4 0.4 2.3
1m-1.1m 11 36 2 0.5 1.8
1.1m-1.2m 18 31 4 0.3 3.5
1.2m-1.3m 13 22 2 0.3 3.5
1.3m-1.4m 10 17 2 0.3 3.5
1.4m-1.5m 7 10 2 0.2 4.2
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 11 13 2 0.2 5.1
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 4 4 0.2 6
2m-2.25m 6 6 1 0.2 6
2.25m-2.5m 4 4 0.2 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 1 1 0.2 6
4.5m-5m 1 0
8.01m-9m 1 0.2 0