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 50 93 26 0.3 3.2
201k-225k 67 104 21 0.3 3.9
226k-250k 87 166 37 0.3 3.1
251k-275k 112 152 25 0.2 4.4
276k-300k 140 186 31 0.2 4.5
301k-325k 101 154 20 0.3 3.9
326k-350k 116 139 15 0.2 5
351k-375k 75 119 17 0.3 3.8
376k-400k 81 140 22 0.3 3.5
401k-425k 63 79 10 0.2 4.8
426k-450k 57 89 17 0.3 3.8
451k-475k 28 57 9 0.3 2.9
476k-500k 46 77 10 0.3 3.6
501k-550k 45 105 21 0.4 2.6
551k-600k 43 103 13 0.4 2.5
601k-650k 42 82 13 0.3 3.1
651k-700k 45 78 10 0.3 3.5
701k-750k 21 70 10 0.6 1.8
751k-800k 24 58 9 0.4 2.5
801k-850k 21 45 8 0.4 2.8
851k-900k 12 41 3 0.6 1.8
901k-950k 10 27 2 0.5 2.2
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 1 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