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 5 1 0.8 1.2
126k-150k 7 5 2 0.1 8.4
151k-175k 16 8 0.1 12
176k-200k 26 31 3 0.2 5
201k-225k 37 46 6 0.2 4.8
226k-250k 53 38 8 0.1 8.4
251k-275k 72 65 11 0.2 6.6
276k-300k 126 90 20 0.1 8.4
301k-325k 87 74 15 0.1 7.1
326k-350k 136 77 16 0.1 10.6
351k-375k 101 57 10 0.1 10.6
376k-400k 113 66 16 0.1 10.3
401k-425k 88 55 13 0.1 9.6
426k-450k 92 44 10 0.1 12.5
451k-475k 53 34 5 0.1 9.4
476k-500k 89 37 9 0.1 14.4
501k-550k 119 44 8 0.1 16.2
551k-600k 91 50 9 0.1 10.9
601k-650k 77 35 11 0.1 13.2
651k-700k 66 28 9 0.1 14.1
701k-750k 43 28 2 0.1 9.2
751k-800k 55 19 5 0.1 17.4
801k-850k 41 11 1 0 22.4
851k-900k 54 24 4 0.1 13.5
901k-950k 29 21 5 0.1 8.3
951k-1m 44 12 3 0 22
1m-1.1m 33 21 3 0.1 9.4
1.1m-1.2m 51 18 6 0.1 17
1.2m-1.3m 42 19 6 0.1 13.3
1.3m-1.4m 38 9 1 0 25.3
1.4m-1.5m 30 6 0 30
1.5m-1.6m 20 10 1 0.1 12
1.6m-1.7m 17 8 1 0.1 12.8
1.7m-1.8m 25 4 2 0 37.5
1.8m-1.9m 24 9 1 0.1 16
1.9m-2m 22 10 1 0.1 13.2
2m-2.25m 32 9 3 0 21.3
2.25m-2.5m 42 7 1 0 36
2.5m-2.75m 33 6 1 0 33
2.75m-3m 26 9 4 0.1 17.3
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 10 8 1 0.1 7.5
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 4 1 0 24
10.01m-11m 4 2 1 0.1 12
11.01m-12m 2 0
12.01m-13m 2 0
14.01m-15m 2 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