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 5 5 2 0.2 6
151k-175k 17 8 0.1 12.8
176k-200k 25 31 4 0.2 4.8
201k-225k 39 46 6 0.2 5.1
226k-250k 54 36 6 0.1 9
251k-275k 66 67 13 0.2 5.9
276k-300k 126 88 20 0.1 8.6
301k-325k 86 77 15 0.1 6.7
326k-350k 133 79 15 0.1 10.1
351k-375k 101 57 8 0.1 10.6
376k-400k 112 63 13 0.1 10.7
401k-425k 87 58 15 0.1 9
426k-450k 90 43 11 0.1 12.6
451k-475k 57 32 3 0.1 10.7
476k-500k 89 36 9 0.1 14.8
501k-550k 118 44 9 0.1 16.1
551k-600k 92 51 8 0.1 10.8
601k-650k 72 36 9 0.1 12
651k-700k 64 26 7 0.1 14.8
701k-750k 44 30 4 0.1 8.8
751k-800k 52 18 4 0.1 17.3
801k-850k 40 11 1 0 21.8
851k-900k 55 24 5 0.1 13.8
901k-950k 28 21 4 0.1 8
951k-1m 44 13 5 0 20.3
1m-1.1m 34 20 3 0.1 10.2
1.1m-1.2m 52 17 5 0.1 18.4
1.2m-1.3m 44 19 5 0.1 13.9
1.3m-1.4m 39 9 1 0 26
1.4m-1.5m 29 6 3 0 29
1.5m-1.6m 19 10 1 0.1 11.4
1.6m-1.7m 16 7 0.1 13.7
1.7m-1.8m 26 4 2 0 39
1.8m-1.9m 21 9 2 0.1 14
1.9m-2m 22 10 1 0.1 13.2
2m-2.25m 33 7 1 0 28.3
2.25m-2.5m 42 6 0 42
2.5m-2.75m 31 6 1 0 31
2.75m-3m 28 9 3 0.1 18.7
3m-3.5m 38 7 2 0 32.6
3.5m-4m 28 10 1 0.1 16.8
4m-4.5m 15 2 1 0 45
4.5m-5m 13 3 2 0 26
5.01m-6m 9 7 0.1 7.7
6.01m-7m 15 5 2 0.1 18
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