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 23 6 1.9 0.5
226k-250k 13 52 9 0.7 1.5
251k-275k 20 62 9 0.5 1.9
276k-300k 44 91 15 0.3 2.9
301k-325k 50 114 12 0.4 2.6
326k-350k 70 181 23 0.4 2.3
351k-375k 78 158 19 0.3 3
376k-400k 93 222 37 0.4 2.5
401k-425k 81 181 19 0.4 2.7
426k-450k 47 160 27 0.6 1.8
451k-475k 54 135 19 0.4 2.4
476k-500k 64 142 24 0.4 2.7
501k-550k 95 210 27 0.4 2.7
551k-600k 55 185 31 0.6 1.8
601k-650k 62 138 13 0.4 2.7
651k-700k 52 123 17 0.4 2.5
701k-750k 40 119 15 0.5 2
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 20 28 1 0.2 4.3
951k-1m 16 37 6 0.4 2.6
1m-1.1m 20 42 1 0.4 2.9
1.1m-1.2m 19 32 3 0.3 3.6
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 8 5 2 0.1 9.6
1.9m-2m 6 4 0.1 9
2m-2.25m 4 7 0.3 3.4
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 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