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 6 3 1 1
126k-150k 9 2 0 27
151k-175k 16 10 2 0.1 9.6
176k-200k 29 36 7 0.2 4.8
201k-225k 35 42 2 0.2 5
226k-250k 57 42 9 0.1 8.1
251k-275k 80 58 8 0.1 8.3
276k-300k 136 90 16 0.1 9.1
301k-325k 88 73 7 0.1 7.2
326k-350k 158 80 18 0.1 11.9
351k-375k 116 52 4 0.1 13.4
376k-400k 129 62 14 0.1 12.5
401k-425k 93 54 12 0.1 10.3
426k-450k 99 37 9 0.1 16.1
451k-475k 56 31 6 0.1 10.8
476k-500k 97 33 11 0.1 17.6
501k-550k 137 38 10 0 21.6
551k-600k 102 53 13 0.1 11.5
601k-650k 85 38 10 0.1 13.4
651k-700k 72 28 5 0.1 15.4
701k-750k 48 24 5 0.1 12
751k-800k 57 20 5 0.1 17.1
801k-850k 41 12 2 0 20.5
851k-900k 59 25 4 0.1 14.2
901k-950k 30 23 6 0.1 7.8
951k-1m 43 9 0 28.7
1m-1.1m 43 19 2 0.1 13.6
1.1m-1.2m 52 18 4 0.1 17.3
1.2m-1.3m 44 23 5 0.1 11.5
1.3m-1.4m 45 9 4 0 30
1.4m-1.5m 33 8 3 0 24.8
1.5m-1.6m 23 9 1 0.1 15.3
1.6m-1.7m 21 9 2 0.1 14
1.7m-1.8m 30 4 2 0 45
1.8m-1.9m 28 7 2 0 24
1.9m-2m 25 10 0.1 15
2m-2.25m 36 10 6 0 21.6
2.25m-2.5m 49 8 3 0 36.8
2.5m-2.75m 38 8 2 0 28.5
2.75m-3m 31 6 3 0 31
3m-3.5m 40 8 2 0 30
3.5m-4m 26 9 1 0.1 17.3
4m-4.5m 18 3 0 36
4.5m-5m 13 4 2 0.1 19.5
5.01m-6m 13 6 1 0.1 13
6.01m-7m 16 8 2 0.1 12
7.01m-8m 9 1 1 0 54
8.01m-9m 6 0
9.01m-10m 4 1 0 24
10.01m-11m 4 2 2 0.1 12
11.01m-12m 1 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