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
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 6 1 1 1
251k-275k 2 17 1 1.4 0.7
276k-300k 8 27 1 0.6 1.8
301k-325k 9 50 8 0.9 1.1
326k-350k 20 76 7 0.6 1.6
351k-375k 23 87 10 0.6 1.6
376k-400k 39 101 9 0.4 2.3
401k-425k 46 127 7 0.5 2.2
426k-450k 38 125 10 0.5 1.8
451k-475k 26 83 13 0.5 1.9
476k-500k 52 72 9 0.2 4.3
501k-550k 83 149 20 0.3 3.3
551k-600k 47 108 14 0.4 2.6
601k-650k 46 94 11 0.3 2.9
651k-700k 41 89 9 0.4 2.8
701k-750k 30 50 5 0.3 3.6
751k-800k 27 40 7 0.2 4.1
801k-850k 22 38 6 0.3 3.5
851k-900k 25 28 3 0.2 5.4
901k-950k 14 16 1 0.2 5.3
951k-1m 18 20 2 0.2 5.4
1m-1.1m 13 19 4 0.2 4.1
1.1m-1.2m 15 15 2 0.2 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 6 0.3 3
1.7m-1.8m 5 2 0.1 15
1.8m-1.9m 2 1 0.1 12
1.9m-2m 6 2 0.1 18
2m-2.25m 5 4 0.1 7.5
2.25m-2.5m 7 3 0.1 14
2.5m-2.75m 7 1 0 42
2.75m-3m 5 0
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