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 27% 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 1 0.2 6
76k-100k 1 0
101k-125k 1 0.2 0
126k-150k 3 0.5 0
151k-175k 1 1 0.2 6
176k-200k 3 0.5 0
201k-225k 1 4 1 0.7 1.5
226k-250k 1 5 1 0.8 1.2
251k-275k 2 17 1 1.4 0.7
276k-300k 8 25 1 0.5 1.9
301k-325k 9 47 7 0.9 1.1
326k-350k 20 73 5 0.6 1.6
351k-375k 24 86 11 0.6 1.7
376k-400k 34 102 11 0.5 2
401k-425k 47 125 7 0.4 2.3
426k-450k 37 124 10 0.6 1.8
451k-475k 27 81 12 0.5 2
476k-500k 51 68 8 0.2 4.5
501k-550k 82 147 21 0.3 3.3
551k-600k 45 108 13 0.4 2.5
601k-650k 45 95 13 0.4 2.8
651k-700k 40 89 9 0.4 2.7
701k-750k 30 50 6 0.3 3.6
751k-800k 27 39 6 0.2 4.2
801k-850k 21 37 6 0.3 3.4
851k-900k 24 27 3 0.2 5.3
901k-950k 13 17 2 0.2 4.6
951k-1m 18 20 2 0.2 5.4
1m-1.1m 13 19 4 0.2 4.1
1.1m-1.2m 14 15 2 0.2 5.6
1.2m-1.3m 7 6 1 0.1 7
1.3m-1.4m 10 11 0.2 5.5
1.4m-1.5m 6 9 1 0.3 4
1.5m-1.6m 10 5 1 0.1 12
1.6m-1.7m 3 7 1 0.4 2.6
1.7m-1.8m 4 1 0 24
1.8m-1.9m 2 1 0.1 12
1.9m-2m 6 2 0.1 18
2m-2.25m 4 5 1 0.2 4.8
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 7 1 0 42
2.75m-3m 4 1 1 0 24
3m-3.5m 6 0
3.5m-4m 2 0
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 2 0