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
126k-150k 3 0.5 0
151k-175k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 1 2 0.3 3
226k-250k 1 5 0.8 1.2
251k-275k 3 8 2 0.4 2.3
276k-300k 1 9 1.5 0.7
301k-325k 5 16 1 0.5 1.9
326k-350k 13 20 1 0.3 3.9
351k-375k 6 25 2 0.7 1.4
376k-400k 18 33 3 0.3 3.3
401k-425k 4 41 9 1.7 0.6
426k-450k 19 37 3 0.3 3.1
451k-475k 10 45 6 0.8 1.3
476k-500k 19 43 2 0.4 2.7
501k-550k 45 107 10 0.4 2.5
551k-600k 64 120 12 0.3 3.2
601k-650k 61 112 13 0.3 3.3
651k-700k 57 133 17 0.4 2.6
701k-750k 61 104 12 0.3 3.5
751k-800k 58 76 9 0.2 4.6
801k-850k 28 58 4 0.3 2.9
851k-900k 29 44 3 0.3 4
901k-950k 14 18 1 0.2 4.7
951k-1m 19 21 2 0.2 5.4
1m-1.1m 23 29 2 0.2 4.8
1.1m-1.2m 16 24 3 0.3 4
1.2m-1.3m 12 14 1 0.2 5.1
1.3m-1.4m 14 12 1 0.1 7
1.4m-1.5m 10 14 1 0.2 4.3
1.5m-1.6m 8 6 1 0.1 8
1.6m-1.7m 8 6 0.1 8
1.7m-1.8m 3 4 0.2 4.5
1.8m-1.9m 4 1 0.7 0
1.9m-2m 3 2 0.1 9
2m-2.25m 1 5 0.8 1.2
2.25m-2.5m 5 4 0.1 7.5
2.5m-2.75m 1 1 0.2 6
2.75m-3m 4 2 1 0.1 12
3m-3.5m 6 2 0.1 18
3.5m-4m 2 0.3 0
4m-4.5m 1 0
7.01m-8m 1 0