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 4 0.7 1.5
201k-225k 1 14 4 2.3 0.4
226k-250k 5 18 2 0.6 1.7
251k-275k 14 44 3 0.5 1.9
276k-300k 37 111 24 0.5 2
301k-325k 53 194 29 0.6 1.6
326k-350k 126 342 42 0.5 2.2
351k-375k 120 325 46 0.5 2.2
376k-400k 177 402 59 0.4 2.6
401k-425k 136 334 46 0.4 2.4
426k-450k 177 367 46 0.3 2.9
451k-475k 126 245 26 0.3 3.1
476k-500k 134 250 33 0.3 3.2
501k-550k 193 355 41 0.3 3.3
551k-600k 173 265 35 0.3 3.9
601k-650k 70 195 16 0.5 2.2
651k-700k 58 142 18 0.4 2.5
701k-750k 47 77 10 0.3 3.7
751k-800k 49 65 9 0.2 4.5
801k-850k 35 54 5 0.3 3.9
851k-900k 28 30 2 0.2 5.6
901k-950k 18 28 4 0.3 3.9
951k-1m 18 15 0.1 7.2
1m-1.1m 16 19 4 0.2 5.1
1.1m-1.2m 15 16 0.2 5.6
1.2m-1.3m 17 15 1 0.1 6.8
1.3m-1.4m 14 8 0.1 10.5
1.4m-1.5m 15 9 2 0.1 10
1.5m-1.6m 13 10 6 0.1 7.8
1.6m-1.7m 6 7 0.2 5.1
1.7m-1.8m 13 4 0.1 19.5
1.8m-1.9m 8 5 0.1 9.6
1.9m-2m 6 7 1 0.2 5.1
2m-2.25m 4 3 0.1 8
2.25m-2.5m 6 2 1 0.1 18
2.5m-2.75m 5 1 0 30
2.75m-3m 11 2 0 33
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