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 27% 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
26k-50k 2 0.3 0
51k-75k 2 4 0.3 3
76k-100k 1 14 1 2.3 0.4
101k-125k 1 12 1 2 0.5
126k-150k 4 13 2 0.5 1.8
151k-175k 9 20 5 0.4 2.7
176k-200k 7 29 3 0.7 1.4
201k-225k 12 39 4 0.5 1.8
226k-250k 36 68 6 0.3 3.2
251k-275k 38 66 6 0.3 3.5
276k-300k 32 94 14 0.5 2
301k-325k 42 70 13 0.3 3.6
326k-350k 42 117 18 0.5 2.2
351k-375k 54 79 7 0.2 4.1
376k-400k 55 108 12 0.3 3.1
401k-425k 36 71 9 0.3 3
426k-450k 52 70 8 0.2 4.5
451k-475k 30 65 6 0.4 2.8
476k-500k 24 59 9 0.4 2.4
501k-550k 42 82 11 0.3 3.1
551k-600k 37 78 9 0.4 2.8
601k-650k 26 49 2 0.3 3.2
651k-700k 21 29 3 0.2 4.3
701k-750k 16 19 1 0.2 5.1
751k-800k 16 20 3 0.2 4.8
801k-850k 9 15 0.3 3.6
851k-900k 9 20 2 0.4 2.7
901k-950k 8 15 1 0.3 3.2
951k-1m 10 11 1 0.2 5.5
1m-1.1m 8 7 0.1 6.9
1.1m-1.2m 11 12 1 0.2 5.5
1.2m-1.3m 4 7 1 0.3 3.4
1.3m-1.4m 8 11 1 0.2 4.4
1.4m-1.5m 3 7 0.4 2.6
1.5m-1.6m 4 6 0.3 4
1.6m-1.7m 4 6 0.3 4
1.7m-1.8m 6 8 0.2 4.5
1.8m-1.9m 2 9 0.8 1.3
1.9m-2m 3 3 0.2 6
2m-2.25m 10 10 0.2 6
2.25m-2.5m 5 3 0.1 10
2.5m-2.75m 1 5 0.8 1.2
2.75m-3m 2 3 1 0.3 4
3m-3.5m 4 4 1 0.2 6
3.5m-4m 1 1 0.2 6
4m-4.5m 2 1 0.1 12
4.5m-5m 2 0
5.01m-6m 2 0
6.01m-7m 2 1 0.1 12
7.01m-8m 3 0
8.01m-9m 1 0.2 0
20.01m-21m 1 0