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 14 52 12 0.6 1.6
176k-200k 48 92 23 0.3 3.1
201k-225k 61 110 22 0.3 3.3
226k-250k 92 167 36 0.3 3.3
251k-275k 113 153 26 0.2 4.4
276k-300k 140 185 29 0.2 4.5
301k-325k 108 153 17 0.2 4.2
326k-350k 108 144 22 0.2 4.5
351k-375k 74 121 19 0.3 3.7
376k-400k 81 141 23 0.3 3.4
401k-425k 62 82 13 0.2 4.5
426k-450k 61 86 16 0.2 4.3
451k-475k 27 51 8 0.3 3.2
476k-500k 41 81 14 0.3 3
501k-550k 49 102 18 0.3 2.9
551k-600k 38 103 13 0.5 2.2
601k-650k 40 82 12 0.3 2.9
651k-700k 43 81 12 0.3 3.2
701k-750k 21 67 9 0.5 1.9
751k-800k 23 58 10 0.4 2.4
801k-850k 21 43 6 0.3 2.9
851k-900k 13 40 2 0.5 2
901k-950k 11 26 1 0.4 2.5
951k-1m 14 28 7 0.3 3
1m-1.1m 15 30 7 0.3 3
1.1m-1.2m 19 20 2 0.2 5.7
1.2m-1.3m 12 22 2 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 2 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