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
126k-150k 2 1 0.3 0
151k-175k 8 1 1.3 0
176k-200k 1 18 2 3 0.3
201k-225k 2 22 5 1.8 0.5
226k-250k 11 52 10 0.8 1.3
251k-275k 22 61 10 0.5 2.2
276k-300k 44 93 19 0.4 2.8
301k-325k 52 122 16 0.4 2.6
326k-350k 73 181 23 0.4 2.4
351k-375k 74 162 21 0.4 2.7
376k-400k 97 223 35 0.4 2.6
401k-425k 84 180 18 0.4 2.8
426k-450k 57 161 24 0.5 2.1
451k-475k 55 135 15 0.4 2.4
476k-500k 65 148 23 0.4 2.6
501k-550k 103 210 25 0.3 2.9
551k-600k 59 186 29 0.5 1.9
601k-650k 62 142 12 0.4 2.6
651k-700k 53 128 18 0.4 2.5
701k-750k 43 123 13 0.5 2.1
751k-800k 36 94 6 0.4 2.3
801k-850k 40 60 6 0.3 4
851k-900k 27 54 4 0.3 3
901k-950k 19 29 2 0.3 3.9
951k-1m 19 36 6 0.3 3.2
1m-1.1m 19 42 1 0.4 2.7
1.1m-1.2m 18 32 3 0.3 3.4
1.2m-1.3m 12 23 5 0.3 3.1
1.3m-1.4m 14 16 2 0.2 5.3
1.4m-1.5m 10 12 2 0.2 5
1.5m-1.6m 7 9 1 0.2 4.7
1.6m-1.7m 8 6 0.1 8
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 10 5 3 0.1 12
1.9m-2m 6 4 0.1 9
2m-2.25m 4 8 1 0.3 3
2.25m-2.5m 12 5 1 0.1 14.4
2.5m-2.75m 4 1 1 0 24
2.75m-3m 5 3 1 0.1 10
3m-3.5m 2 0
3.5m-4m 3 2 1 0.1 9
4m-4.5m 2 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0