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 2 1 0.3 0
101k-125k 2 2 0.2 6
126k-150k 7 5 0.1 8.4
151k-175k 6 5 1 0.1 7.2
176k-200k 12 11 2 0.2 6.5
201k-225k 34 23 3 0.1 8.9
226k-250k 36 33 4 0.2 6.5
251k-275k 29 30 3 0.2 5.8
276k-300k 56 95 8 0.3 3.5
301k-325k 18 57 7 0.5 1.9
326k-350k 37 44 2 0.2 5
351k-375k 15 42 2 0.5 2.1
376k-400k 46 49 3 0.2 5.6
401k-425k 15 42 4 0.5 2.1
426k-450k 23 46 8 0.3 3
451k-475k 21 49 5 0.4 2.6
476k-500k 28 35 6 0.2 4.8
501k-550k 45 63 9 0.2 4.3
551k-600k 43 48 6 0.2 5.4
601k-650k 46 55 9 0.2 5
651k-700k 29 40 6 0.2 4.4
701k-750k 37 40 8 0.2 5.6
751k-800k 34 37 6 0.2 5.5
801k-850k 19 21 2 0.2 5.4
851k-900k 22 31 6 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 3 0.1 14.4
1.2m-1.3m 13 6 0.1 13
1.3m-1.4m 5 7 1 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