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

Condos 18% 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 1 0.2 6
76k-100k 3 2 0.1 9
101k-125k 3 5 1 0.3 3.6
126k-150k 12 12 0.2 6
151k-175k 10 12 2 0.2 5
176k-200k 17 21 3 0.2 4.9
201k-225k 42 28 6 0.1 9
226k-250k 33 48 5 0.2 4.1
251k-275k 37 31 3 0.1 7.2
276k-300k 19 28 3 0.2 4.1
301k-325k 11 12 1 0.2 5.5
326k-350k 13 18 2 0.2 4.3
351k-375k 5 9 1 0.3 3.3
376k-400k 7 13 2 0.3 3.2
401k-425k 5 9 2 0.3 3.3
426k-450k 2 7 3 0.6 1.7
451k-475k 4 8 1 0.3 3
476k-500k 5 6 0.2 5
501k-550k 4 10 1 0.4 2.4
551k-600k 1 6 1 1 1
601k-650k 3 4 0.2 4.5
651k-700k 3 2 1 0.1 9
701k-750k 1 0.2 0
751k-800k 1 2 1 0.3 3
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 1 1 0.2 6
1.3m-1.4m 2 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 1 0