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 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
126k-150k 2 0.3 0
176k-200k 3 2 0.1 9
201k-225k 4 8 3 0.3 3
226k-250k 11 17 5 0.3 3.9
251k-275k 4 19 1 0.8 1.3
276k-300k 26 50 8 0.3 3.1
301k-325k 29 48 9 0.3 3.6
326k-350k 28 57 10 0.3 2.9
351k-375k 38 70 9 0.3 3.3
376k-400k 52 94 14 0.3 3.3
401k-425k 55 102 17 0.3 3.2
426k-450k 43 49 10 0.2 5.3
451k-475k 26 20 3 0.1 7.8
476k-500k 14 21 4 0.3 4
501k-550k 22 38 6 0.3 3.5
551k-600k 7 12 1 0.3 3.5
601k-650k 5 8 2 0.3 3.8
651k-700k 10 10 2 0.2 6
701k-750k 6 4 2 0.1 9
751k-800k 1 0
801k-850k 1 0.2 0
851k-900k 2 0