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 26% 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 2 1 0.3 0
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 20 4 0.5 2.1
151k-175k 14 64 13 0.8 1.3
176k-200k 51 117 30 0.4 2.6
201k-225k 78 122 22 0.3 3.8
226k-250k 132 175 29 0.2 4.5
251k-275k 123 178 27 0.2 4.1
276k-300k 176 194 19 0.2 5.4
301k-325k 114 159 18 0.2 4.3
326k-350k 103 150 15 0.2 4.1
351k-375k 75 133 18 0.3 3.4
376k-400k 106 156 23 0.2 4.1
401k-425k 62 93 11 0.3 4
426k-450k 58 90 14 0.3 3.9
451k-475k 30 59 6 0.3 3.1
476k-500k 34 88 15 0.4 2.3
501k-550k 54 125 14 0.4 2.6
551k-600k 50 106 9 0.4 2.8
601k-650k 40 110 15 0.5 2.2
651k-700k 37 108 15 0.5 2.1
701k-750k 31 66 3 0.4 2.8
751k-800k 22 77 10 0.6 1.7
801k-850k 25 48 3 0.3 3.1
851k-900k 22 65 5 0.5 2
901k-950k 14 30 0.4 2.8
951k-1m 17 34 0.3 3
1m-1.1m 13 37 4 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 19 2 0.3 3.2
1.4m-1.5m 10 10 1 0.2 6
1.5m-1.6m 10 8 0.1 7.5
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 1 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