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 34% 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
151k-175k 2 4 1 0.3 3
176k-200k 7 5 0.1 8.4
201k-225k 7 26 5 0.6 1.6
226k-250k 22 46 6 0.3 2.9
251k-275k 26 84 13 0.5 1.9
276k-300k 42 81 13 0.3 3.1
301k-325k 22 81 10 0.6 1.6
326k-350k 45 113 21 0.4 2.4
351k-375k 54 108 16 0.3 3
376k-400k 26 78 9 0.5 2
401k-425k 34 79 10 0.4 2.6
426k-450k 52 87 13 0.3 3.6
451k-475k 29 58 12 0.3 3
476k-500k 19 40 12 0.4 2.9
501k-550k 42 60 7 0.2 4.2
551k-600k 49 72 12 0.2 4.1
601k-650k 29 34 4 0.2 5.1
651k-700k 25 23 1 0.2 6.5
701k-750k 17 43 4 0.4 2.4
751k-800k 20 17 3 0.1 7.1
801k-850k 7 11 2 0.3 3.8
851k-900k 8 9 0.2 5.3
901k-950k 6 3 0.1 12
951k-1m 3 13 4 0.7 1.4
1m-1.1m 5 5 0.2 6
1.1m-1.2m 5 6 0.2 5
1.2m-1.3m 4 4 1 0.2 6
1.3m-1.4m 2 5 0.4 2.4
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 1 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 2 0.3 3
1.8m-1.9m 1 0
1.9m-2m 2 0.3 0
2m-2.25m 1 0
2.25m-2.5m 2 0.3 0
3m-3.5m 1 1 0.2 0