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 1 3 0.5 2
101k-125k 2 5 0.4 2.4
126k-150k 6 16 3 0.4 2.3
151k-175k 17 53 8 0.5 1.9
176k-200k 47 94 22 0.3 3
201k-225k 74 104 18 0.2 4.3
226k-250k 110 161 27 0.2 4.1
251k-275k 111 161 27 0.2 4.1
276k-300k 148 171 19 0.2 5.2
301k-325k 102 143 18 0.2 4.3
326k-350k 90 136 19 0.3 4
351k-375k 70 121 20 0.3 3.5
376k-400k 96 140 23 0.2 4.1
401k-425k 58 84 11 0.2 4.1
426k-450k 55 81 9 0.2 4.1
451k-475k 23 48 4 0.3 2.9
476k-500k 30 78 15 0.4 2.3
501k-550k 42 100 13 0.4 2.5
551k-600k 35 88 7 0.4 2.4
601k-650k 33 80 12 0.4 2.5
651k-700k 28 82 16 0.5 2
701k-750k 22 56 3 0.4 2.4
751k-800k 18 56 6 0.5 1.9
801k-850k 18 36 4 0.3 3
851k-900k 16 40 4 0.4 2.4
901k-950k 9 20 0.4 2.7
951k-1m 15 24 0.3 3.8
1m-1.1m 11 29 5 0.4 2.3
1.1m-1.2m 16 26 3 0.3 3.7
1.2m-1.3m 11 17 1 0.3 3.9
1.3m-1.4m 9 14 1 0.3 3.9
1.4m-1.5m 8 6 1 0.1 8
1.5m-1.6m 9 7 0.1 7.7
1.6m-1.7m 6 9 1 0.3 4
1.7m-1.8m 9 9 1 0.2 6
1.8m-1.9m 4 2 1 0.1 12
1.9m-2m 5 3 2 0.1 10
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 3 4 0.2 4.5
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 2 1 0.1 12
4.5m-5m 1 1 0.2 6