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 26% 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 1 1 0.2 6
76k-100k 4 1 0.7 0
101k-125k 4 4 0.2 6
126k-150k 7 15 2 0.4 2.8
151k-175k 14 62 12 0.7 1.4
176k-200k 51 92 18 0.3 3.3
201k-225k 72 109 17 0.3 4
226k-250k 119 152 24 0.2 4.7
251k-275k 100 158 24 0.3 3.8
276k-300k 127 164 18 0.2 4.6
301k-325k 96 139 15 0.2 4.1
326k-350k 89 131 14 0.2 4.1
351k-375k 64 115 9 0.3 3.3
376k-400k 90 139 15 0.3 3.9
401k-425k 51 83 11 0.3 3.7
426k-450k 49 77 9 0.3 3.8
451k-475k 25 43 2 0.3 3.5
476k-500k 29 71 6 0.4 2.5
501k-550k 38 94 9 0.4 2.4
551k-600k 32 87 9 0.5 2.2
601k-650k 34 72 10 0.4 2.8
651k-700k 29 76 8 0.4 2.3
701k-750k 23 51 4 0.4 2.7
751k-800k 15 58 5 0.6 1.6
801k-850k 19 35 0.3 3.3
851k-900k 16 36 3 0.4 2.7
901k-950k 8 20 0.4 2.4
951k-1m 10 27 4 0.5 2.2
1m-1.1m 10 29 2 0.5 2.1
1.1m-1.2m 14 26 4 0.3 3.2
1.2m-1.3m 11 15 1 0.2 4.4
1.3m-1.4m 7 11 2 0.3 3.8
1.4m-1.5m 6 6 1 0.2 6
1.5m-1.6m 9 8 1 0.1 6.8
1.6m-1.7m 6 7 1 0.2 5.1
1.7m-1.8m 8 10 2 0.2 4.8
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 4 3 0.1 8
2m-2.25m 5 5 1 0.2 6
2.25m-2.5m 4 3 0.1 8
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 1 0 30
3m-3.5m 1 4 0.7 1.5
3.5m-4m 1 0
4m-4.5m 1 1 0.2 6
4.5m-5m 1 0