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

Condos 13% 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 0.2 0
26k-50k 3 1 1 0.1 18
51k-75k 4 2 0.1 12
76k-100k 5 0
101k-125k 9 10 4 0.2 5.4
126k-150k 27 27 4 0.2 6
151k-175k 35 34 5 0.2 6.2
176k-200k 76 60 8 0.1 7.6
201k-225k 105 90 12 0.1 7
226k-250k 105 112 13 0.2 5.6
251k-275k 110 113 13 0.2 5.8
276k-300k 120 87 6 0.1 8.3
301k-325k 55 85 12 0.3 3.9
326k-350k 70 82 5 0.2 5.1
351k-375k 50 49 6 0.2 6.1
376k-400k 56 67 9 0.2 5
401k-425k 31 45 2 0.2 4.1
426k-450k 31 25 2 0.1 7.4
451k-475k 26 31 2 0.2 5
476k-500k 34 37 4 0.2 5.5
501k-550k 35 35 4 0.2 6
551k-600k 27 27 2 0.2 6
601k-650k 25 24 3 0.2 6.3
651k-700k 20 18 2 0.2 6.7
701k-750k 12 10 1 0.1 7.2
751k-800k 15 7 0.1 12.9
801k-850k 8 7 1 0.1 6.9
851k-900k 9 8 3 0.1 6.8
901k-950k 2 2 0.2 6
951k-1m 5 2 0.1 15
1m-1.1m 8 5 2 0.1 9.6
1.1m-1.2m 12 0
1.2m-1.3m 4 9 1 0.4 2.7
1.3m-1.4m 6 4 3 0.1 9
1.4m-1.5m 7 2 1 0 21
1.5m-1.6m 2 2 1 0.2 6
1.6m-1.7m 4 0
1.7m-1.8m 5 2 0.1 15
1.8m-1.9m 3 1 0.1 18
1.9m-2m 5 1 0 30
2m-2.25m 6 1 0 36
2.25m-2.5m 5 1 0 30
2.5m-2.75m 2 2 0.2 6
2.75m-3m 3 3 0.2 6
3m-3.5m 3 3 0.2 6
3.5m-4m 3 0
4m-4.5m 3 0
4.5m-5m 4 0
5.01m-6m 2 0
9.01m-10m 1 0
11.01m-12m 1 0