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
1k-25k 2 1 0.1 12
76k-100k 2 6 3 0.5 2
101k-125k 2 4 0.3 3
126k-150k 6 12 4 0.3 3
151k-175k 16 52 10 0.5 1.8
176k-200k 51 93 27 0.3 3.3
201k-225k 67 104 21 0.3 3.9
226k-250k 86 165 40 0.3 3.1
251k-275k 112 152 26 0.2 4.4
276k-300k 140 189 31 0.2 4.4
301k-325k 101 154 21 0.3 3.9
326k-350k 115 139 15 0.2 5
351k-375k 77 119 17 0.3 3.9
376k-400k 82 140 23 0.3 3.5
401k-425k 63 80 10 0.2 4.7
426k-450k 57 90 17 0.3 3.8
451k-475k 29 56 8 0.3 3.1
476k-500k 46 77 10 0.3 3.6
501k-550k 44 105 24 0.4 2.5
551k-600k 43 103 13 0.4 2.5
601k-650k 41 82 13 0.3 3
651k-700k 46 80 9 0.3 3.5
701k-750k 20 70 11 0.6 1.7
751k-800k 24 58 10 0.4 2.5
801k-850k 21 45 8 0.4 2.8
851k-900k 12 41 4 0.6 1.8
901k-950k 11 27 2 0.4 2.4
951k-1m 15 27 6 0.3 3.3
1m-1.1m 18 28 7 0.3 3.9
1.1m-1.2m 19 20 2 0.2 5.7
1.2m-1.3m 12 24 2 0.3 3
1.3m-1.4m 7 14 2 0.3 3
1.4m-1.5m 11 9 2 0.1 7.3
1.5m-1.6m 8 11 0.2 4.4
1.6m-1.7m 8 8 1 0.2 6
1.7m-1.8m 7 9 3 0.2 4.7
1.8m-1.9m 8 3 1 0.1 16
1.9m-2m 8 1 0 48
2m-2.25m 7 5 1 0.1 8.4
2.25m-2.5m 6 5 0.1 7.2
2.5m-2.75m 2 3 0.3 4
2.75m-3m 3 2 0.1 9
3m-3.5m 2 4 0.3 3
3.5m-4m 1 0
4m-4.5m 2 1 0.1 12
4.5m-5m 1 0.2 0