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

Condos 11% 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
76k-100k 1 0.2 0
101k-125k 1 4 0.7 1.5
126k-150k 6 5 2 0.1 7.2
151k-175k 17 8 0.1 12.8
176k-200k 25 31 3 0.2 4.8
201k-225k 38 46 6 0.2 5
226k-250k 53 38 8 0.1 8.4
251k-275k 71 66 12 0.2 6.5
276k-300k 125 87 18 0.1 8.6
301k-325k 86 76 15 0.1 6.8
326k-350k 135 79 17 0.1 10.3
351k-375k 99 58 10 0.1 10.2
376k-400k 112 65 14 0.1 10.3
401k-425k 87 58 13 0.1 9
426k-450k 92 43 9 0.1 12.8
451k-475k 56 33 3 0.1 10.2
476k-500k 90 35 7 0.1 15.4
501k-550k 119 44 9 0.1 16.2
551k-600k 91 52 9 0.1 10.5
601k-650k 75 34 10 0.1 13.2
651k-700k 63 28 9 0.1 13.5
701k-750k 44 28 2 0.1 9.4
751k-800k 52 18 4 0.1 17.3
801k-850k 41 11 1 0 22.4
851k-900k 55 24 5 0.1 13.8
901k-950k 27 22 5 0.1 7.4
951k-1m 45 13 5 0 20.8
1m-1.1m 34 21 3 0.1 9.7
1.1m-1.2m 51 17 5 0.1 18
1.2m-1.3m 44 19 6 0.1 13.9
1.3m-1.4m 39 9 1 0 26
1.4m-1.5m 29 6 1 0 29
1.5m-1.6m 20 10 1 0.1 12
1.6m-1.7m 16 7 0.1 13.7
1.7m-1.8m 27 4 2 0 40.5
1.8m-1.9m 21 9 2 0.1 14
1.9m-2m 22 10 1 0.1 13.2
2m-2.25m 33 8 2 0 24.8
2.25m-2.5m 42 6 0 42
2.5m-2.75m 32 6 1 0 32
2.75m-3m 27 10 4 0.1 16.2
3m-3.5m 38 7 2 0 32.6
3.5m-4m 28 10 1 0.1 16.8
4m-4.5m 15 2 0 45
4.5m-5m 13 3 2 0 26
5.01m-6m 9 7 0.1 7.7
6.01m-7m 16 5 2 0.1 19.2
7.01m-8m 8 2 2 0 24
8.01m-9m 5 0
9.01m-10m 3 1 0.1 18
10.01m-11m 4 2 1 0.1 12
11.01m-12m 3 0
12.01m-13m 2 0
14.01m-15m 1 0
16.01m-17m 1 0
19.01m-20m 1 0
27.01m-28m 1 0
29.01m-30m 2 0
44.01m-45m 1 0