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 2 1 0.3 0
76k-100k 1 0
101k-125k 3 3 0.2 6
126k-150k 5 3 0.1 10
151k-175k 4 6 2 0.3 4
176k-200k 10 14 5 0.2 4.3
201k-225k 26 25 4 0.2 6.2
226k-250k 39 28 5 0.1 8.4
251k-275k 26 30 3 0.2 5.2
276k-300k 51 97 12 0.3 3.2
301k-325k 14 57 6 0.7 1.5
326k-350k 31 45 4 0.2 4.1
351k-375k 10 41 2 0.7 1.5
376k-400k 38 60 13 0.3 3.8
401k-425k 8 42 5 0.9 1.1
426k-450k 14 52 8 0.6 1.6
451k-475k 22 45 6 0.3 2.9
476k-500k 27 36 6 0.2 4.5
501k-550k 38 66 8 0.3 3.5
551k-600k 40 47 7 0.2 5.1
601k-650k 37 55 6 0.2 4
651k-700k 28 39 3 0.2 4.3
701k-750k 37 40 4 0.2 5.6
751k-800k 28 36 3 0.2 4.7
801k-850k 16 24 3 0.3 4
851k-900k 22 25 5 0.2 5.3
901k-950k 14 8 2 0.1 10.5
951k-1m 12 10 2 0.1 7.2
1m-1.1m 15 10 2 0.1 9
1.1m-1.2m 20 14 5 0.1 8.6
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 3 8 2 0.4 2.3
1.4m-1.5m 1 5 0.8 1.2
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 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