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 5 19 2 0.6 1.6
251k-275k 14 46 5 0.5 1.8
276k-300k 38 107 20 0.5 2.1
301k-325k 53 195 32 0.6 1.6
326k-350k 123 345 43 0.5 2.1
351k-375k 122 329 49 0.4 2.2
376k-400k 181 402 64 0.4 2.7
401k-425k 136 335 49 0.4 2.4
426k-450k 172 372 50 0.4 2.8
451k-475k 122 251 28 0.3 2.9
476k-500k 139 249 35 0.3 3.3
501k-550k 191 360 44 0.3 3.2
551k-600k 173 265 37 0.3 3.9
601k-650k 70 203 19 0.5 2.1
651k-700k 56 146 20 0.4 2.3
701k-750k 46 80 10 0.3 3.5
751k-800k 50 64 8 0.2 4.7
801k-850k 34 54 6 0.3 3.8
851k-900k 24 31 2 0.2 4.6
901k-950k 18 29 5 0.3 3.7
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 15 1 0.1 7.2
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 1 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 11 3 0 22
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