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 24% 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
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 4 7 1 0.3 3.4
201k-225k 7 21 2 0.5 2
226k-250k 16 41 5 0.4 2.3
251k-275k 47 77 12 0.3 3.7
276k-300k 61 123 19 0.3 3
301k-325k 46 91 11 0.3 3
326k-350k 62 136 17 0.4 2.7
351k-375k 57 104 10 0.3 3.3
376k-400k 86 134 20 0.3 3.9
401k-425k 53 75 12 0.2 4.2
426k-450k 63 77 11 0.2 4.9
451k-475k 41 43 5 0.2 5.7
476k-500k 33 59 6 0.3 3.4
501k-550k 42 54 3 0.2 4.7
551k-600k 30 33 8 0.2 5.5
601k-650k 18 15 3 0.1 7.2
651k-700k 7 8 0.2 5.3
701k-750k 8 6 0.1 8
751k-800k 6 4 1 0.1 9
801k-850k 4 3 0.1 8
851k-900k 4 1 0 24
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 3 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