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 23% 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 6 4 1 0.1 9
151k-175k 5 3 0.1 10
176k-200k 13 10 1 0.1 7.8
201k-225k 23 29 5 0.2 4.8
226k-250k 40 37 5 0.2 6.5
251k-275k 32 32 5 0.2 6
276k-300k 56 98 19 0.3 3.4
301k-325k 23 59 8 0.4 2.3
326k-350k 34 48 9 0.2 4.3
351k-375k 15 41 6 0.5 2.2
376k-400k 42 64 6 0.3 3.9
401k-425k 19 44 3 0.4 2.6
426k-450k 27 52 8 0.3 3.1
451k-475k 31 56 6 0.3 3.3
476k-500k 28 31 7 0.2 5.4
501k-550k 46 70 7 0.3 3.9
551k-600k 52 55 5 0.2 5.7
601k-650k 44 54 10 0.2 4.9
651k-700k 37 37 6 0.2 6
701k-750k 48 41 5 0.1 7
751k-800k 40 38 8 0.2 6.3
801k-850k 23 28 7 0.2 4.9
851k-900k 28 31 10 0.2 5.4
901k-950k 11 9 0.1 7.3
951k-1m 13 13 1 0.2 6
1m-1.1m 21 9 1 0.1 14
1.1m-1.2m 20 11 3 0.1 10.9
1.2m-1.3m 12 5 1 0.1 14.4
1.3m-1.4m 4 8 3 0.3 3
1.4m-1.5m 2 7 1 0.6 1.7
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