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 92 26 0.3 3.3
201k-225k 66 105 22 0.3 3.8
226k-250k 88 166 37 0.3 3.2
251k-275k 112 152 25 0.2 4.4
276k-300k 139 187 32 0.2 4.5
301k-325k 99 157 23 0.3 3.8
326k-350k 115 140 16 0.2 4.9
351k-375k 75 119 17 0.3 3.8
376k-400k 79 142 24 0.3 3.3
401k-425k 63 79 10 0.2 4.8
426k-450k 57 89 17 0.3 3.8
451k-475k 26 58 10 0.4 2.7
476k-500k 46 76 9 0.3 3.6
501k-550k 46 106 22 0.4 2.6
551k-600k 40 105 15 0.4 2.3
601k-650k 44 83 14 0.3 3.2
651k-700k 43 79 11 0.3 3.3
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 40 3 0.6 1.8
901k-950k 9 28 2 0.5 1.9
951k-1m 15 27 6 0.3 3.3
1m-1.1m 17 28 7 0.3 3.6
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