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 1 6 2 1 1
126k-150k 7 20 5 0.5 2.1
151k-175k 14 69 16 0.8 1.2
176k-200k 55 110 22 0.3 3
201k-225k 76 129 24 0.3 3.5
226k-250k 132 174 31 0.2 4.6
251k-275k 114 181 27 0.3 3.8
276k-300k 155 187 20 0.2 5
301k-325k 115 158 15 0.2 4.4
326k-350k 90 156 15 0.3 3.5
351k-375k 72 130 11 0.3 3.3
376k-400k 99 144 18 0.2 4.1
401k-425k 58 95 17 0.3 3.7
426k-450k 52 92 9 0.3 3.4
451k-475k 31 50 2 0.3 3.7
476k-500k 31 86 9 0.5 2.2
501k-550k 48 130 16 0.5 2.2
551k-600k 48 106 8 0.4 2.7
601k-650k 39 106 13 0.5 2.2
651k-700k 30 105 15 0.6 1.7
701k-750k 29 62 3 0.4 2.8
751k-800k 20 74 6 0.6 1.6
801k-850k 23 49 1 0.4 2.8
851k-900k 21 62 7 0.5 2
901k-950k 12 29 0.4 2.5
951k-1m 16 36 4 0.4 2.7
1m-1.1m 10 37 3 0.6 1.6
1.1m-1.2m 18 31 4 0.3 3.5
1.2m-1.3m 13 22 1 0.3 3.5
1.3m-1.4m 10 16 2 0.3 3.8
1.4m-1.5m 7 10 2 0.2 4.2
1.5m-1.6m 11 10 1 0.2 6.6
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