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 22% 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
51k-75k 1 1 0.2 6
76k-100k 1 0.2 0
101k-125k 2 3 0.3 4
126k-150k 5 4 1 0.1 7.5
151k-175k 6 3 0.1 12
176k-200k 13 10 1 0.1 7.8
201k-225k 25 28 3 0.2 5.4
226k-250k 38 36 5 0.2 6.3
251k-275k 31 32 5 0.2 5.8
276k-300k 59 92 14 0.3 3.8
301k-325k 24 61 7 0.4 2.4
326k-350k 36 47 10 0.2 4.6
351k-375k 16 41 5 0.4 2.3
376k-400k 40 68 10 0.3 3.5
401k-425k 19 45 4 0.4 2.5
426k-450k 27 52 8 0.3 3.1
451k-475k 29 57 7 0.3 3.1
476k-500k 30 31 8 0.2 5.8
501k-550k 41 72 7 0.3 3.4
551k-600k 53 56 5 0.2 5.7
601k-650k 44 50 7 0.2 5.3
651k-700k 37 38 5 0.2 5.8
701k-750k 47 40 4 0.1 7.1
751k-800k 45 37 6 0.1 7.3
801k-850k 24 27 6 0.2 5.3
851k-900k 30 29 8 0.2 6.2
901k-950k 10 9 0.2 6.7
951k-1m 14 14 1 0.2 6
1m-1.1m 20 9 1 0.1 13.3
1.1m-1.2m 24 8 0.1 18
1.2m-1.3m 11 5 1 0.1 13.2
1.3m-1.4m 6 7 3 0.2 5.1
1.4m-1.5m 3 6 0.3 3
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 3 0.5 0
1.7m-1.8m 1 0
1.9m-2m 1 0.2 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 2 0.3 0
2.5m-2.75m 1 0.2 0
2.75m-3m 1 1 0.2 6
3.5m-4m 1 0
6.01m-7m 1 0