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 2 13 3 1.1 0.9
226k-250k 5 19 2 0.6 1.6
251k-275k 14 45 4 0.5 1.9
276k-300k 37 110 24 0.5 2
301k-325k 53 195 31 0.6 1.6
326k-350k 124 346 44 0.5 2.2
351k-375k 116 327 48 0.5 2.1
376k-400k 177 404 61 0.4 2.6
401k-425k 136 334 47 0.4 2.4
426k-450k 176 369 49 0.3 2.9
451k-475k 125 244 28 0.3 3.1
476k-500k 135 251 35 0.3 3.2
501k-550k 194 357 42 0.3 3.3
551k-600k 174 264 34 0.3 4
601k-650k 71 197 16 0.5 2.2
651k-700k 58 145 18 0.4 2.4
701k-750k 48 77 10 0.3 3.7
751k-800k 49 65 9 0.2 4.5
801k-850k 34 54 5 0.3 3.8
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 1 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 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 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