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 21% 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 12 12 3 0.2 6
201k-225k 26 24 3 0.2 6.5
226k-250k 38 29 5 0.1 7.9
251k-275k 26 31 2 0.2 5
276k-300k 51 88 11 0.3 3.5
301k-325k 15 56 5 0.6 1.6
326k-350k 32 46 4 0.2 4.2
351k-375k 11 40 2 0.6 1.7
376k-400k 38 59 12 0.3 3.9
401k-425k 8 41 3 0.9 1.2
426k-450k 14 51 8 0.6 1.6
451k-475k 22 46 7 0.3 2.9
476k-500k 29 36 5 0.2 4.8
501k-550k 38 64 9 0.3 3.6
551k-600k 41 45 5 0.2 5.5
601k-650k 37 56 6 0.3 4
651k-700k 25 40 5 0.3 3.8
701k-750k 35 38 2 0.2 5.5
751k-800k 29 33 3 0.2 5.3
801k-850k 16 26 4 0.3 3.7
851k-900k 22 24 3 0.2 5.5
901k-950k 14 8 1 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 21 13 4 0.1 9.7
1.2m-1.3m 12 5 0.1 14.4
1.3m-1.4m 3 8 1 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