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

Houses 29% 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
1k-25k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 0
126k-150k 1 0
151k-175k 1 1 0.2 0
176k-200k 1 5 1 0.8 1.2
201k-225k 12 2 2 0
226k-250k 5 18 1 0.6 1.7
251k-275k 14 46 5 0.5 1.8
276k-300k 38 106 20 0.5 2.2
301k-325k 54 198 30 0.6 1.6
326k-350k 127 343 42 0.5 2.2
351k-375k 121 332 49 0.5 2.2
376k-400k 176 404 67 0.4 2.6
401k-425k 139 333 50 0.4 2.5
426k-450k 170 372 53 0.4 2.7
451k-475k 119 252 29 0.4 2.8
476k-500k 138 251 35 0.3 3.3
501k-550k 191 364 49 0.3 3.1
551k-600k 175 264 35 0.3 4
601k-650k 73 203 19 0.5 2.2
651k-700k 57 144 17 0.4 2.4
701k-750k 45 81 11 0.3 3.3
751k-800k 49 64 8 0.2 4.6
801k-850k 34 53 7 0.3 3.8
851k-900k 23 31 4 0.2 4.5
901k-950k 18 32 5 0.3 3.4
951k-1m 17 15 0.1 6.8
1m-1.1m 18 19 3 0.2 5.7
1.1m-1.2m 15 17 0.2 5.3
1.2m-1.3m 18 16 1 0.1 6.8
1.3m-1.4m 14 9 0.1 9.3
1.4m-1.5m 14 9 2 0.1 9.3
1.5m-1.6m 11 10 6 0.2 6.6
1.6m-1.7m 6 7 2 0.2 5.1
1.7m-1.8m 11 4 0.1 16.5
1.8m-1.9m 9 5 0.1 10.8
1.9m-2m 6 7 1 0.2 5.1
2m-2.25m 5 4 0.1 7.5
2.25m-2.5m 6 2 1 0.1 18
2.5m-2.75m 5 1 0 30
2.75m-3m 10 3 0.1 20
3m-3.5m 5 2 0.1 15
3.5m-4m 5 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 3 0
6.01m-7m 1 0
9.01m-10m 1 0