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 12 52 9 0.7 1.4
251k-275k 20 62 8 0.5 1.9
276k-300k 43 91 15 0.4 2.8
301k-325k 53 115 14 0.4 2.8
326k-350k 72 180 23 0.4 2.4
351k-375k 75 159 20 0.4 2.8
376k-400k 96 221 34 0.4 2.6
401k-425k 82 181 20 0.4 2.7
426k-450k 48 166 27 0.6 1.7
451k-475k 54 135 17 0.4 2.4
476k-500k 63 145 23 0.4 2.6
501k-550k 94 209 23 0.4 2.7
551k-600k 55 185 30 0.6 1.8
601k-650k 60 140 13 0.4 2.6
651k-700k 53 125 17 0.4 2.5
701k-750k 41 121 14 0.5 2
751k-800k 37 93 6 0.4 2.4
801k-850k 37 61 7 0.3 3.6
851k-900k 27 52 4 0.3 3.1
901k-950k 19 29 1 0.3 3.9
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 3 0
3.5m-4m 2 2 1 0.2 6
4m-4.5m 2 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0