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 5 5 2 0.2 6
151k-175k 5 3 0.1 10
176k-200k 13 10 1 0.1 7.8
201k-225k 26 29 5 0.2 5.4
226k-250k 37 37 4 0.2 6
251k-275k 33 32 5 0.2 6.2
276k-300k 58 97 19 0.3 3.6
301k-325k 24 58 7 0.4 2.5
326k-350k 33 48 8 0.2 4.1
351k-375k 15 42 5 0.5 2.1
376k-400k 42 62 3 0.2 4.1
401k-425k 18 44 4 0.4 2.5
426k-450k 24 53 7 0.4 2.7
451k-475k 29 55 6 0.3 3.2
476k-500k 28 31 8 0.2 5.4
501k-550k 45 70 7 0.3 3.9
551k-600k 53 54 4 0.2 5.9
601k-650k 44 56 11 0.2 4.7
651k-700k 36 37 7 0.2 5.8
701k-750k 47 42 7 0.1 6.7
751k-800k 38 39 7 0.2 5.8
801k-850k 24 25 5 0.2 5.8
851k-900k 29 30 9 0.2 5.8
901k-950k 11 9 0.1 7.3
951k-1m 12 12 1 0.2 6
1m-1.1m 21 9 1 0.1 14
1.1m-1.2m 21 11 3 0.1 11.5
1.2m-1.3m 11 5 1 0.1 13.2
1.3m-1.4m 4 8 3 0.3 3
1.4m-1.5m 3 7 1 0.4 2.6
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