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 28% 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 3 2 0.5 0
151k-175k 7 1.2 0
176k-200k 1 18 2 3 0.3
201k-225k 2 24 7 2 0.5
226k-250k 13 51 8 0.7 1.5
251k-275k 20 64 10 0.5 1.9
276k-300k 47 88 13 0.3 3.2
301k-325k 49 118 14 0.4 2.5
326k-350k 69 178 23 0.4 2.3
351k-375k 77 159 20 0.3 2.9
376k-400k 94 220 36 0.4 2.6
401k-425k 82 185 22 0.4 2.7
426k-450k 47 160 27 0.6 1.8
451k-475k 54 134 18 0.4 2.4
476k-500k 63 143 25 0.4 2.6
501k-550k 96 212 28 0.4 2.7
551k-600k 57 183 30 0.5 1.9
601k-650k 63 137 12 0.4 2.8
651k-700k 51 125 19 0.4 2.4
701k-750k 40 119 15 0.5 2
751k-800k 36 92 5 0.4 2.3
801k-850k 34 62 7 0.3 3.3
851k-900k 28 54 5 0.3 3.1
901k-950k 21 29 2 0.2 4.3
951k-1m 16 35 4 0.4 2.7
1m-1.1m 20 43 2 0.4 2.8
1.1m-1.2m 20 32 3 0.3 3.8
1.2m-1.3m 11 22 4 0.3 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 6 4 1 0.1 9
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