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 23% 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 16 3 0.4 2.6
151k-175k 15 61 12 0.7 1.5
176k-200k 50 93 20 0.3 3.2
201k-225k 70 113 21 0.3 3.7
226k-250k 120 154 25 0.2 4.7
251k-275k 103 154 21 0.2 4
276k-300k 126 161 19 0.2 4.7
301k-325k 99 139 14 0.2 4.3
326k-350k 87 135 14 0.3 3.9
351k-375k 67 117 9 0.3 3.4
376k-400k 91 133 15 0.2 4.1
401k-425k 51 82 13 0.3 3.7
426k-450k 48 79 7 0.3 3.6
451k-475k 25 40 2 0.3 3.8
476k-500k 27 72 7 0.4 2.3
501k-550k 38 99 12 0.4 2.3
551k-600k 33 86 7 0.4 2.3
601k-650k 31 71 10 0.4 2.6
651k-700k 25 76 9 0.5 2
701k-750k 23 53 3 0.4 2.6
751k-800k 16 55 5 0.6 1.7
801k-850k 18 35 0.3 3.1
851k-900k 17 36 3 0.4 2.8
901k-950k 8 19 0.4 2.5
951k-1m 13 27 4 0.3 2.9
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 0.2 4.4
1.3m-1.4m 7 10 2 0.2 4.2
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 7 7 1 0.2 6
1.7m-1.8m 8 10 2 0.2 4.8
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 3 3 0.2 6
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