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 25% 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
26k-50k 1 0
51k-75k 1 0
76k-100k 1 1 0.2 6
101k-125k 4 1 0.7 0
126k-150k 4 1 0.7 0
151k-175k 2 9 1 0.8 1.3
176k-200k 2 8 2 0.7 1.5
201k-225k 7 20 2 0.5 2.1
226k-250k 16 42 4 0.4 2.3
251k-275k 47 75 12 0.3 3.8
276k-300k 59 122 20 0.3 2.9
301k-325k 46 91 11 0.3 3
326k-350k 63 135 18 0.4 2.8
351k-375k 59 101 10 0.3 3.5
376k-400k 86 135 19 0.3 3.8
401k-425k 51 75 13 0.2 4.1
426k-450k 64 77 10 0.2 5
451k-475k 41 42 4 0.2 5.9
476k-500k 33 59 6 0.3 3.4
501k-550k 40 52 3 0.2 4.6
551k-600k 30 33 7 0.2 5.5
601k-650k 17 16 2 0.2 6.4
651k-700k 7 8 0.2 5.3
701k-750k 8 6 0.1 8
751k-800k 7 4 1 0.1 10.5
801k-850k 5 3 0.1 10
851k-900k 5 1 0 30
901k-950k 1 2 0.3 3
951k-1m 5 4 0.1 7.5
1m-1.1m 2 2 0.2 6
1.1m-1.2m 9 1 0 54
1.2m-1.3m 2 0
1.3m-1.4m 4 1 0 24
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 3 0.5 2
1.8m-1.9m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 1 0.2 6
2.75m-3m 1 0
10.01m-11m 1 0
34.01m-35m 1 0