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 0.2 0
51k-75k 1 0
151k-175k 1 0.2 0
176k-200k 1 4 1 0.7 1.5
201k-225k 10 2 1.7 0
226k-250k 3 20 3 1.1 0.9
251k-275k 12 40 5 0.6 1.8
276k-300k 31 99 18 0.5 1.9
301k-325k 52 176 14 0.6 1.8
326k-350k 110 318 38 0.5 2.1
351k-375k 113 296 38 0.4 2.3
376k-400k 161 385 49 0.4 2.5
401k-425k 113 319 36 0.5 2.1
426k-450k 143 347 45 0.4 2.5
451k-475k 109 228 27 0.3 2.9
476k-500k 119 224 20 0.3 3.2
501k-550k 172 317 28 0.3 3.3
551k-600k 159 251 33 0.3 3.8
601k-650k 63 171 12 0.5 2.2
651k-700k 47 127 12 0.5 2.2
701k-750k 35 66 4 0.3 3.2
751k-800k 37 63 14 0.3 3.5
801k-850k 34 42 4 0.2 4.9
851k-900k 21 24 2 0.2 5.3
901k-950k 12 24 1 0.3 3
951k-1m 15 13 1 0.1 6.9
1m-1.1m 13 20 6 0.3 3.9
1.1m-1.2m 16 11 0.1 8.7
1.2m-1.3m 13 11 1 0.1 7.1
1.3m-1.4m 9 6 0.1 9
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 3 5 0.3 3.6
2m-2.25m 4 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
4.5m-5m 1 0
5.01m-6m 3 0
6.01m-7m 1 0
9.01m-10m 1 0