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
51k-75k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 4 1 0.7 0
151k-175k 1 1 0.2 0
176k-200k 3 0.5 0
201k-225k 2 3 0.3 4
226k-250k 1 8 2 1.3 0.8
251k-275k 2 14 1 1.2 0.9
276k-300k 7 33 5 0.8 1.3
301k-325k 15 54 10 0.6 1.7
326k-350k 26 82 15 0.5 1.9
351k-375k 24 92 3 0.6 1.6
376k-400k 36 124 20 0.6 1.7
401k-425k 43 137 22 0.5 1.9
426k-450k 44 136 17 0.5 1.9
451k-475k 35 90 13 0.4 2.3
476k-500k 46 86 10 0.3 3.2
501k-550k 88 156 26 0.3 3.4
551k-600k 47 123 20 0.4 2.3
601k-650k 54 102 14 0.3 3.2
651k-700k 51 102 14 0.3 3
701k-750k 32 57 3 0.3 3.4
751k-800k 30 43 2 0.2 4.2
801k-850k 25 44 4 0.3 3.4
851k-900k 29 30 2 0.2 5.8
901k-950k 16 22 3 0.2 4.4
951k-1m 19 20 2 0.2 5.7
1m-1.1m 11 21 3 0.3 3.1
1.1m-1.2m 12 18 4 0.3 4
1.2m-1.3m 11 7 2 0.1 9.4
1.3m-1.4m 9 14 3 0.3 3.9
1.4m-1.5m 7 8 3 0.2 5.3
1.5m-1.6m 11 6 0.1 11
1.6m-1.7m 4 5 2 0.2 4.8
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 3 1 0.1 18
1.9m-2m 5 1 1 0 30
2m-2.25m 5 5 0.2 6
2.25m-2.5m 10 5 2 0.1 12
2.5m-2.75m 7 1 0 42
2.75m-3m 5 0
3m-3.5m 5 0
3.5m-4m 4 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0