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 29% 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 3 22 5 1.2 0.8
226k-250k 11 52 9 0.8 1.3
251k-275k 19 63 9 0.6 1.8
276k-300k 44 91 15 0.3 2.9
301k-325k 53 114 13 0.4 2.8
326k-350k 71 179 22 0.4 2.4
351k-375k 76 159 20 0.3 2.9
376k-400k 94 221 34 0.4 2.6
401k-425k 81 181 20 0.4 2.7
426k-450k 49 165 26 0.6 1.8
451k-475k 55 134 16 0.4 2.5
476k-500k 65 143 21 0.4 2.7
501k-550k 95 208 22 0.4 2.7
551k-600k 55 185 30 0.6 1.8
601k-650k 60 140 13 0.4 2.6
651k-700k 52 125 17 0.4 2.5
701k-750k 42 120 13 0.5 2.1
751k-800k 36 93 6 0.4 2.3
801k-850k 38 61 7 0.3 3.7
851k-900k 27 52 4 0.3 3.1
901k-950k 18 29 1 0.3 3.7
951k-1m 18 37 6 0.3 2.9
1m-1.1m 19 42 1 0.4 2.7
1.1m-1.2m 19 32 3 0.3 3.6
1.2m-1.3m 12 22 5 0.3 3.3
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 6 9 1 0.3 4
1.6m-1.7m 5 6 0.2 5
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 10 5 2 0.1 12
1.9m-2m 6 4 0.1 9
2m-2.25m 4 8 0.3 3
2.25m-2.5m 11 5 1 0.1 13.2
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