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

Townhouses 19% 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 0
26k-50k 1 0
51k-75k 1 0
76k-100k 1 3 1 0.5 2
101k-125k 2 7 1 0.6 1.7
126k-150k 4 7 2 0.3 3.4
151k-175k 17 11 1 0.1 9.3
176k-200k 43 31 5 0.1 8.3
201k-225k 29 32 4 0.2 5.4
226k-250k 38 38 8 0.2 6
251k-275k 27 29 5 0.2 5.6
276k-300k 37 57 6 0.3 3.9
301k-325k 30 34 1 0.2 5.3
326k-350k 17 11 2 0.1 9.3
351k-375k 5 14 1 0.5 2.1
376k-400k 6 10 3 0.3 3.6
401k-425k 12 14 2 0.2 5.1
426k-450k 10 18 0.3 3.3
451k-475k 9 11 2 0.2 4.9
476k-500k 9 15 3 0.3 3.6
501k-550k 19 39 3 0.3 2.9
551k-600k 20 32 6 0.3 3.8
601k-650k 13 43 5 0.6 1.8
651k-700k 19 38 7 0.3 3
701k-750k 5 13 1 0.4 2.3
751k-800k 8 11 0.2 4.4
801k-850k 1 5 1 0.8 1.2
851k-900k 6 3 1 0.1 12
901k-950k 4 2 1 0.1 12
951k-1m 3 1 0.1 18
1m-1.1m 2 1 0.1 12
1.1m-1.2m 4 0.7 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 1 0