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 23% 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 5 0.5 2
151k-175k 15 66 14 0.7 1.4
176k-200k 56 110 24 0.3 3.1
201k-225k 78 127 21 0.3 3.7
226k-250k 137 171 30 0.2 4.8
251k-275k 116 178 25 0.3 3.9
276k-300k 156 187 20 0.2 5
301k-325k 115 158 15 0.2 4.4
326k-350k 93 153 14 0.3 3.6
351k-375k 73 129 11 0.3 3.4
376k-400k 99 144 16 0.2 4.1
401k-425k 58 95 16 0.3 3.7
426k-450k 54 90 10 0.3 3.6
451k-475k 30 52 2 0.3 3.5
476k-500k 34 85 8 0.4 2.4
501k-550k 48 131 16 0.5 2.2
551k-600k 49 107 9 0.4 2.7
601k-650k 38 106 14 0.5 2.2
651k-700k 33 104 13 0.5 1.9
701k-750k 29 62 4 0.4 2.8
751k-800k 20 75 6 0.6 1.6
801k-850k 23 49 1 0.4 2.8
851k-900k 21 61 6 0.5 2.1
901k-950k 12 29 0.4 2.5
951k-1m 16 36 4 0.4 2.7
1m-1.1m 12 36 2 0.5 2
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 16 2 0.3 3.8
1.4m-1.5m 7 11 2 0.3 3.8
1.5m-1.6m 11 9 1 0.1 7.3
1.6m-1.7m 11 13 1 0.2 5.1
1.7m-1.8m 11 13 2 0.2 5.1
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 3 4 0.2 4.5
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