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 24% 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
76k-100k 1 0.2 0
101k-125k 3 1 0.5 0
126k-150k 3 0.5 0
151k-175k 1 8 1.3 0.8
176k-200k 5 5 0.2 6
201k-225k 5 19 2 0.6 1.6
226k-250k 13 40 5 0.5 2
251k-275k 36 74 14 0.3 2.9
276k-300k 55 119 21 0.4 2.8
301k-325k 46 79 11 0.3 3.5
326k-350k 60 129 18 0.4 2.8
351k-375k 52 107 10 0.3 2.9
376k-400k 80 126 21 0.3 3.8
401k-425k 55 72 8 0.2 4.6
426k-450k 61 67 10 0.2 5.5
451k-475k 39 41 5 0.2 5.7
476k-500k 31 49 5 0.3 3.8
501k-550k 38 52 6 0.2 4.4
551k-600k 26 27 7 0.2 5.8
601k-650k 13 14 2 0.2 5.6
651k-700k 7 7 0.2 6
701k-750k 6 6 0.2 6
751k-800k 5 3 1 0.1 10
801k-850k 3 3 0.2 6
851k-900k 3 1 0.1 18
901k-950k 1 0
951k-1m 4 2 0.1 12
1m-1.1m 2 1 0.1 12
1.1m-1.2m 8 1 0 48
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 4 1 0 24
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 1 0
2m-2.25m 1 0
2.75m-3m 1 0
10.01m-11m 1 0
34.01m-35m 1 0