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 25% 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
51k-75k 1 0
76k-100k 1 1 0.2 6
101k-125k 3 1 0.5 0
126k-150k 3 0.5 0
151k-175k 1 8 1.3 0.8
176k-200k 4 6 1 0.3 4
201k-225k 5 20 2 0.7 1.5
226k-250k 15 40 5 0.4 2.3
251k-275k 36 70 11 0.3 3.1
276k-300k 55 117 18 0.4 2.8
301k-325k 43 82 9 0.3 3.1
326k-350k 62 129 16 0.3 2.9
351k-375k 53 104 10 0.3 3.1
376k-400k 82 129 21 0.3 3.8
401k-425k 50 73 11 0.2 4.1
426k-450k 56 72 11 0.2 4.7
451k-475k 38 41 5 0.2 5.6
476k-500k 32 53 6 0.3 3.6
501k-550k 40 49 3 0.2 4.9
551k-600k 25 30 8 0.2 5
601k-650k 16 14 2 0.1 6.9
651k-700k 6 7 0.2 5.1
701k-750k 7 6 0.1 7
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 5 2 0.1 15
1m-1.1m 2 1 0.1 12
1.1m-1.2m 8 1 0 48
1.2m-1.3m 2 0
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