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 30% 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 6 1.8 0.5
226k-250k 13 52 9 0.7 1.5
251k-275k 21 61 8 0.5 2.1
276k-300k 43 91 15 0.4 2.8
301k-325k 51 114 12 0.4 2.7
326k-350k 70 180 23 0.4 2.3
351k-375k 79 158 19 0.3 3
376k-400k 92 222 36 0.4 2.5
401k-425k 82 181 19 0.4 2.7
426k-450k 48 159 26 0.6 1.8
451k-475k 53 135 19 0.4 2.4
476k-500k 63 143 24 0.4 2.6
501k-550k 92 209 26 0.4 2.6
551k-600k 56 184 30 0.5 1.8
601k-650k 61 138 13 0.4 2.7
651k-700k 52 122 17 0.4 2.6
701k-750k 41 119 14 0.5 2.1
751k-800k 36 92 5 0.4 2.3
801k-850k 35 61 6 0.3 3.4
851k-900k 28 54 5 0.3 3.1
901k-950k 19 28 1 0.2 4.1
951k-1m 17 37 6 0.4 2.8
1m-1.1m 21 42 1 0.3 3
1.1m-1.2m 18 32 3 0.3 3.4
1.2m-1.3m 12 22 4 0.3 3.3
1.3m-1.4m 14 16 2 0.2 5.3
1.4m-1.5m 8 14 4 0.3 3.4
1.5m-1.6m 6 9 1 0.3 4
1.6m-1.7m 5 6 0.2 5
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 9 5 2 0.1 10.8
1.9m-2m 6 4 0.1 9
2m-2.25m 4 7 0.3 3.4
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