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 1 1 0.2 6
151k-175k 8 1 1.3 0
176k-200k 1 18 2 3 0.3
201k-225k 3 21 5 1.2 0.9
226k-250k 11 52 11 0.8 1.3
251k-275k 22 63 10 0.5 2.1
276k-300k 45 94 18 0.3 2.9
301k-325k 51 121 18 0.4 2.5
326k-350k 74 180 21 0.4 2.5
351k-375k 73 161 23 0.4 2.7
376k-400k 99 224 42 0.4 2.7
401k-425k 84 180 20 0.4 2.8
426k-450k 58 164 23 0.5 2.1
451k-475k 56 134 13 0.4 2.5
476k-500k 62 149 28 0.4 2.5
501k-550k 106 208 30 0.3 3.1
551k-600k 58 187 34 0.5 1.9
601k-650k 63 142 13 0.4 2.7
651k-700k 53 128 19 0.4 2.5
701k-750k 44 122 14 0.5 2.2
751k-800k 35 94 9 0.4 2.2
801k-850k 40 62 5 0.3 3.9
851k-900k 26 55 4 0.4 2.8
901k-950k 21 29 2 0.2 4.3
951k-1m 19 37 8 0.3 3.1
1m-1.1m 19 45 1 0.4 2.5
1.1m-1.2m 17 35 3 0.3 2.9
1.2m-1.3m 13 22 5 0.3 3.5
1.3m-1.4m 14 17 2 0.2 4.9
1.4m-1.5m 9 13 3 0.2 4.2
1.5m-1.6m 7 9 1 0.2 4.7
1.6m-1.7m 8 7 0.1 6.9
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 9 5 3 0.1 10.8
1.9m-2m 5 4 0.1 7.5
2m-2.25m 5 8 1 0.3 3.8
2.25m-2.5m 13 6 1 0.1 13
2.5m-2.75m 3 1 1 0.1 18
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