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 14 54 10 0.6 1.6
326k-350k 25 81 13 0.5 1.9
351k-375k 24 90 3 0.6 1.6
376k-400k 36 123 20 0.6 1.8
401k-425k 43 137 22 0.5 1.9
426k-450k 43 134 17 0.5 1.9
451k-475k 34 88 13 0.4 2.3
476k-500k 46 85 9 0.3 3.2
501k-550k 87 156 26 0.3 3.3
551k-600k 45 121 20 0.4 2.2
601k-650k 53 102 13 0.3 3.1
651k-700k 50 101 13 0.3 3
701k-750k 30 55 3 0.3 3.3
751k-800k 28 40 2 0.2 4.2
801k-850k 25 43 4 0.3 3.5
851k-900k 29 30 2 0.2 5.8
901k-950k 16 21 3 0.2 4.6
951k-1m 18 20 2 0.2 5.4
1m-1.1m 11 20 3 0.3 3.3
1.1m-1.2m 10 18 4 0.3 3.3
1.2m-1.3m 10 7 2 0.1 8.6
1.3m-1.4m 8 14 3 0.3 3.4
1.4m-1.5m 7 8 3 0.2 5.3
1.5m-1.6m 11 5 0.1 13.2
1.6m-1.7m 3 5 2 0.3 3.6
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 2 1 0.1 12
1.9m-2m 5 1 1 0 30
2m-2.25m 5 5 0.2 6
2.25m-2.5m 10 5 1 0.1 12
2.5m-2.75m 7 1 0 42
2.75m-3m 5 0
3m-3.5m 5 0
3.5m-4m 3 0
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0