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 13 3 2.2 0
226k-250k 6 18 1 0.5 2
251k-275k 14 46 5 0.5 1.8
276k-300k 37 107 21 0.5 2.1
301k-325k 52 199 33 0.6 1.6
326k-350k 123 348 44 0.5 2.1
351k-375k 122 332 50 0.5 2.2
376k-400k 179 405 68 0.4 2.7
401k-425k 137 336 52 0.4 2.4
426k-450k 172 374 54 0.4 2.8
451k-475k 120 251 29 0.3 2.9
476k-500k 140 250 35 0.3 3.4
501k-550k 191 365 50 0.3 3.1
551k-600k 173 267 37 0.3 3.9
601k-650k 71 203 20 0.5 2.1
651k-700k 56 147 20 0.4 2.3
701k-750k 45 80 10 0.3 3.4
751k-800k 49 64 8 0.2 4.6
801k-850k 34 54 7 0.3 3.8
851k-900k 24 31 4 0.2 4.6
901k-950k 18 31 5 0.3 3.5
951k-1m 17 15 0.1 6.8
1m-1.1m 17 19 3 0.2 5.4
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 4 4 0.2 6
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