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 19% 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
26k-50k 1 0.2 0
51k-75k 1 0.2 0
76k-100k 2 1 0.3 0
101k-125k 2 1 0.1 12
126k-150k 6 1 0
151k-175k 2 8 0.7 1.5
176k-200k 8 17 5 0.4 2.8
201k-225k 12 23 2 0.3 3.1
226k-250k 31 59 7 0.3 3.2
251k-275k 45 71 8 0.3 3.8
276k-300k 52 70 9 0.2 4.5
301k-325k 42 69 6 0.3 3.7
326k-350k 37 50 7 0.2 4.4
351k-375k 37 40 3 0.2 5.6
376k-400k 41 47 7 0.2 5.2
401k-425k 20 29 2 0.2 4.1
426k-450k 24 33 0.2 4.4
451k-475k 17 30 4 0.3 3.4
476k-500k 17 20 0.2 5.1
501k-550k 19 20 1 0.2 5.7
551k-600k 21 21 4 0.2 6
601k-650k 10 9 0.2 6.7
651k-700k 21 10 2 0.1 12.6
701k-750k 8 7 1 0.1 6.9
751k-800k 6 2 1 0.1 18
801k-850k 3 1 0.1 18
851k-900k 1 3 0.5 2
901k-950k 1 2 0.3 3
951k-1m 1 1 0.2 6
1m-1.1m 1 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
6.01m-7m 1 0