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 26% 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 1 3 0.5 2
201k-225k 2 4 0.3 3
226k-250k 1 8 1 1.3 0.8
251k-275k 3 14 2 0.8 1.3
276k-300k 7 31 6 0.7 1.4
301k-325k 18 51 6 0.5 2.1
326k-350k 29 82 11 0.5 2.1
351k-375k 22 96 5 0.7 1.4
376k-400k 40 122 17 0.5 2
401k-425k 47 133 21 0.5 2.1
426k-450k 46 143 19 0.5 1.9
451k-475k 35 87 12 0.4 2.4
476k-500k 49 93 12 0.3 3.2
501k-550k 88 153 24 0.3 3.5
551k-600k 52 126 19 0.4 2.5
601k-650k 56 105 14 0.3 3.2
651k-700k 54 99 11 0.3 3.3
701k-750k 30 60 3 0.3 3
751k-800k 32 45 2 0.2 4.3
801k-850k 25 42 6 0.3 3.6
851k-900k 31 31 3 0.2 6
901k-950k 18 23 2 0.2 4.7
951k-1m 19 20 1 0.2 5.7
1m-1.1m 12 22 5 0.3 3.3
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 10 14 2 0.2 4.3
1.4m-1.5m 7 10 3 0.2 4.2
1.5m-1.6m 11 6 0.1 11
1.6m-1.7m 4 5 2 0.2 4.8
1.7m-1.8m 3 4 1 0.2 4.5
1.8m-1.9m 3 1 0.1 18
1.9m-2m 6 0
2m-2.25m 4 5 0.2 4.8
2.25m-2.5m 11 5 2 0.1 13.2
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 3 0
6.01m-7m 1 0