Absorption Report

Leesburg, House

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
51k-75k 4 1 0.7 0
76k-100k 1 0
101k-125k 2 0.3 0
126k-150k 2 7 1 0.6 1.7
151k-175k 4 11 1 0.5 2.2
176k-200k 5 14 2 0.5 2.1
201k-225k 16 24 5 0.3 4
226k-250k 25 45 6 0.3 3.3
251k-275k 32 50 11 0.3 3.8
276k-300k 32 64 11 0.3 3
301k-325k 45 76 17 0.3 3.6
326k-350k 35 51 13 0.2 4.1
351k-375k 42 50 10 0.2 5
376k-400k 33 25 5 0.1 7.9
401k-425k 15 20 6 0.2 4.5
426k-450k 14 12 1 0.1 7
451k-475k 11 4 1 0.1 16.5
476k-500k 17 5 0 20.4
501k-550k 4 2 0.1 12
551k-600k 4 8 3 0.3 3
601k-650k 5 2 2 0.1 15
651k-700k 6 3 0.1 12
701k-750k 1 4 0.7 1.5
751k-800k 1 2 2 0.3 3
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
1m-1.1m 2 1 0.3 0
1.8m-1.9m 1 0.2 0
2.75m-3m 1 0
4.5m-5m 1 0