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 29% 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 0
126k-150k 1 0
151k-175k 1 1 0.2 0
176k-200k 1 4 1 0.7 1.5
201k-225k 1 10 2 1.7 0.6
226k-250k 1 19 1 3.2 0.3
251k-275k 12 41 5 0.6 1.8
276k-300k 40 96 19 0.4 2.5
301k-325k 49 190 32 0.6 1.5
326k-350k 119 328 42 0.5 2.2
351k-375k 115 314 42 0.5 2.2
376k-400k 172 397 58 0.4 2.6
401k-425k 142 326 44 0.4 2.6
426k-450k 170 373 60 0.4 2.7
451k-475k 113 241 32 0.4 2.8
476k-500k 131 249 43 0.3 3.2
501k-550k 175 360 45 0.3 2.9
551k-600k 174 247 37 0.2 4.2
601k-650k 66 204 28 0.5 1.9
651k-700k 50 132 21 0.4 2.3
701k-750k 39 79 10 0.3 3
751k-800k 46 57 6 0.2 4.8
801k-850k 32 47 5 0.2 4.1
851k-900k 18 30 5 0.3 3.6
901k-950k 17 32 5 0.3 3.2
951k-1m 20 14 1 0.1 8.6
1m-1.1m 18 15 2 0.1 7.2
1.1m-1.2m 15 16 1 0.2 5.6
1.2m-1.3m 16 16 1 0.2 6
1.3m-1.4m 9 9 0.2 6
1.4m-1.5m 13 8 1 0.1 9.8
1.5m-1.6m 8 9 5 0.2 5.3
1.6m-1.7m 4 6 2 0.3 4
1.7m-1.8m 7 5 0.1 8.4
1.8m-1.9m 9 5 0.1 10.8
1.9m-2m 6 6 1 0.2 6
2m-2.25m 4 4 0.2 6
2.25m-2.5m 7 2 1 0 21
2.5m-2.75m 5 1 0 30
2.75m-3m 10 2 0 30
3m-3.5m 6 2 0.1 18
3.5m-4m 6 0
4m-4.5m 2 0
4.5m-5m 2 0
5.01m-6m 4 0
6.01m-7m 1 0
9.01m-10m 1 0