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 4 2 0.7 1.5
101k-125k 3 5 0.3 3.6
126k-150k 6 13 4 0.4 2.8
151k-175k 15 50 9 0.6 1.8
176k-200k 47 91 20 0.3 3.1
201k-225k 59 107 18 0.3 3.3
226k-250k 90 165 33 0.3 3.3
251k-275k 109 149 26 0.2 4.4
276k-300k 136 181 28 0.2 4.5
301k-325k 106 152 15 0.2 4.2
326k-350k 104 141 17 0.2 4.4
351k-375k 74 120 15 0.3 3.7
376k-400k 85 140 22 0.3 3.6
401k-425k 62 81 12 0.2 4.6
426k-450k 55 85 17 0.3 3.9
451k-475k 27 51 8 0.3 3.2
476k-500k 40 80 14 0.3 3
501k-550k 49 101 16 0.3 2.9
551k-600k 35 103 13 0.5 2
601k-650k 40 81 11 0.3 3
651k-700k 41 81 11 0.3 3
701k-750k 20 67 9 0.6 1.8
751k-800k 23 58 10 0.4 2.4
801k-850k 20 41 6 0.3 2.9
851k-900k 13 40 2 0.5 2
901k-950k 10 25 1 0.4 2.4
951k-1m 14 28 7 0.3 3
1m-1.1m 15 29 6 0.3 3.1
1.1m-1.2m 19 20 2 0.2 5.7
1.2m-1.3m 12 21 2 0.3 3.4
1.3m-1.4m 8 14 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 2 0.3 4
1.7m-1.8m 6 9 3 0.3 4
1.8m-1.9m 8 2 1 0 24
1.9m-2m 7 1 0 42
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