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 2 1 0.1 12
76k-100k 1 5 2 0.8 1.2
101k-125k 3 5 0.3 3.6
126k-150k 6 13 5 0.4 2.8
151k-175k 14 52 12 0.6 1.6
176k-200k 50 93 26 0.3 3.2
201k-225k 62 109 23 0.3 3.4
226k-250k 91 169 36 0.3 3.2
251k-275k 109 154 26 0.2 4.2
276k-300k 139 187 32 0.2 4.5
301k-325k 107 152 19 0.2 4.2
326k-350k 107 145 23 0.2 4.4
351k-375k 72 122 19 0.3 3.5
376k-400k 83 142 22 0.3 3.5
401k-425k 60 81 12 0.2 4.4
426k-450k 61 89 16 0.2 4.1
451k-475k 27 53 8 0.3 3.1
476k-500k 42 80 13 0.3 3.2
501k-550k 49 102 18 0.3 2.9
551k-600k 38 102 12 0.4 2.2
601k-650k 40 82 12 0.3 2.9
651k-700k 43 81 13 0.3 3.2
701k-750k 20 67 9 0.6 1.8
751k-800k 23 60 11 0.4 2.3
801k-850k 21 43 7 0.3 2.9
851k-900k 13 40 3 0.5 2
901k-950k 11 26 1 0.4 2.5
951k-1m 14 29 8 0.3 2.9
1m-1.1m 15 30 9 0.3 3
1.1m-1.2m 19 20 2 0.2 5.7
1.2m-1.3m 12 22 3 0.3 3.3
1.3m-1.4m 8 14 1 0.3 3.4
1.4m-1.5m 11 8 2 0.1 8.3
1.5m-1.6m 8 11 0.2 4.4
1.6m-1.7m 6 9 3 0.3 4
1.7m-1.8m 6 9 3 0.3 4
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 1 0.1 18
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