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

Townhouses 23% 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 2 0.3 0
126k-150k 1 0
151k-175k 2 0
176k-200k 7 2 0 21
201k-225k 7 8 0.2 5.3
226k-250k 19 16 2 0.1 7.1
251k-275k 7 25 3 0.6 1.7
276k-300k 13 27 1 0.3 2.9
301k-325k 14 35 6 0.4 2.4
326k-350k 19 44 6 0.4 2.6
351k-375k 25 33 5 0.2 4.5
376k-400k 32 53 7 0.3 3.6
401k-425k 23 31 8 0.2 4.5
426k-450k 30 28 3 0.2 6.4
451k-475k 21 28 4 0.2 4.5
476k-500k 26 34 3 0.2 4.6
501k-550k 36 32 3 0.1 6.8
551k-600k 20 21 3 0.2 5.7
601k-650k 8 9 1 0.2 5.3
651k-700k 7 12 1 0.3 3.5
701k-750k 6 9 1 0.3 4
751k-800k 2 3 0.3 4
801k-850k 3 4 1 0.2 4.5
851k-900k 2 5 2 0.4 2.4
901k-950k 1 3 0.5 2
951k-1m 1 4 0.7 1.5
1m-1.1m 2 1 0.3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0