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 0.2 0
151k-175k 1 1 0.2 6
176k-200k 1 4 1 0.7 1.5
201k-225k 11 2 1.8 0
226k-250k 3 21 3 1.2 0.9
251k-275k 10 42 7 0.7 1.4
276k-300k 31 96 18 0.5 1.9
301k-325k 54 178 13 0.5 1.8
326k-350k 106 319 33 0.5 2
351k-375k 122 294 31 0.4 2.5
376k-400k 164 382 47 0.4 2.6
401k-425k 112 314 35 0.5 2.1
426k-450k 146 352 43 0.4 2.5
451k-475k 109 223 24 0.3 2.9
476k-500k 121 226 16 0.3 3.2
501k-550k 163 323 35 0.3 3
551k-600k 155 248 32 0.3 3.8
601k-650k 66 171 13 0.4 2.3
651k-700k 50 128 13 0.4 2.3
701k-750k 37 62 3 0.3 3.6
751k-800k 39 62 13 0.3 3.8
801k-850k 30 43 4 0.2 4.2
851k-900k 20 24 2 0.2 5
901k-950k 10 26 3 0.4 2.3
951k-1m 13 14 2 0.2 5.6
1m-1.1m 15 20 6 0.2 4.5
1.1m-1.2m 14 11 1 0.1 7.6
1.2m-1.3m 11 12 2 0.2 5.5
1.3m-1.4m 10 6 0.1 10
1.4m-1.5m 11 12 3 0.2 5.5
1.5m-1.6m 9 10 2 0.2 5.4
1.6m-1.7m 6 5 0.1 7.2
1.7m-1.8m 10 5 0.1 12
1.8m-1.9m 5 5 0.2 6
1.9m-2m 4 5 0.2 4.8
2m-2.25m 3 0
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 3 1 0.1 18
2.75m-3m 9 3 1 0.1 18
3m-3.5m 5 2 0.1 15
3.5m-4m 4 0
4m-4.5m 2 0
5.01m-6m 3 0
6.01m-7m 1 0
9.01m-10m 1 0