Absorption Report

Bronson, 30th

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 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 1 0.2 0
176k-200k 4 1 0.7 0
201k-225k 1 5 2 0.8 1.2
226k-250k 2 19 7 1.6 0.6
251k-275k 10 54 12 0.9 1.1
276k-300k 60 112 23 0.3 3.2
301k-325k 98 184 30 0.3 3.2
326k-350k 106 161 33 0.3 4
351k-375k 87 125 30 0.2 4.2
376k-400k 93 88 21 0.2 6.3
401k-425k 50 89 18 0.3 3.4
426k-450k 71 54 12 0.1 7.9
451k-475k 35 42 10 0.2 5
476k-500k 41 39 8 0.2 6.3
501k-550k 40 46 14 0.2 5.2
551k-600k 37 40 9 0.2 5.6
601k-650k 21 32 10 0.3 3.9
651k-700k 18 23 3 0.2 4.7
701k-750k 18 22 7 0.2 4.9
751k-800k 19 16 3 0.1 7.1
801k-850k 13 8 0.1 9.8
851k-900k 13 7 0.1 11.1
901k-950k 6 9 1 0.3 4
951k-1m 15 5 2 0.1 18
1m-1.1m 11 6 1 0.1 11
1.1m-1.2m 7 8 1 0.2 5.3
1.2m-1.3m 8 2 0 24
1.3m-1.4m 6 1 0 36
1.4m-1.5m 8 5 1 0.1 9.6
1.5m-1.6m 9 1 0 54
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 4 1 0 24
1.9m-2m 4 2 0.1 12
2m-2.25m 1 1 0.2 6
2.25m-2.5m 7 1 1 0 42
2.5m-2.75m 2 1 0.1 12
2.75m-3m 1 0.2 0
3m-3.5m 2 1 0.3 0
3.5m-4m 2 0
4m-4.5m 3 0
5.01m-6m 1 1 0.2 0
6.01m-7m 1 0