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 24% 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 2 1 0.3 0
101k-125k 2 4 0.3 3
126k-150k 7 4 0.1 10.5
151k-175k 6 5 1 0.1 7.2
176k-200k 11 11 2 0.2 6
201k-225k 33 24 3 0.1 8.3
226k-250k 35 33 6 0.2 6.4
251k-275k 29 30 3 0.2 5.8
276k-300k 55 96 9 0.3 3.4
301k-325k 18 56 7 0.5 1.9
326k-350k 36 43 2 0.2 5
351k-375k 14 43 2 0.5 2
376k-400k 46 49 3 0.2 5.6
401k-425k 14 42 4 0.5 2
426k-450k 23 46 9 0.3 3
451k-475k 20 50 6 0.4 2.4
476k-500k 28 34 6 0.2 4.9
501k-550k 43 65 11 0.3 4
551k-600k 41 50 4 0.2 4.9
601k-650k 43 58 11 0.2 4.4
651k-700k 28 40 6 0.2 4.2
701k-750k 38 39 7 0.2 5.8
751k-800k 33 36 5 0.2 5.5
801k-850k 19 21 2 0.2 5.4
851k-900k 22 31 5 0.2 4.3
901k-950k 14 9 1 0.1 9.3
951k-1m 10 11 1 0.2 5.5
1m-1.1m 18 11 3 0.1 9.8
1.1m-1.2m 24 10 2 0.1 14.4
1.2m-1.3m 13 4 0.1 19.5
1.3m-1.4m 5 7 0.2 4.3
1.4m-1.5m 1 5 0.8 1.2
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 2 0.3 3
1.9m-2m 1 0.2 0
2m-2.25m 2 2 0.3 0
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