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 1 0.7 1.5
126k-150k 5 5 2 0.2 6
151k-175k 17 8 1 0.1 12.8
176k-200k 26 31 4 0.2 5
201k-225k 39 46 6 0.2 5.1
226k-250k 52 38 6 0.1 8.2
251k-275k 63 68 12 0.2 5.6
276k-300k 127 88 21 0.1 8.7
301k-325k 83 79 14 0.2 6.3
326k-350k 135 81 15 0.1 10
351k-375k 100 58 8 0.1 10.3
376k-400k 115 64 13 0.1 10.8
401k-425k 85 57 14 0.1 8.9
426k-450k 86 43 11 0.1 12
451k-475k 56 31 2 0.1 10.8
476k-500k 91 36 8 0.1 15.2
501k-550k 116 44 9 0.1 15.8
551k-600k 94 50 7 0.1 11.3
601k-650k 71 37 9 0.1 11.5
651k-700k 64 26 8 0.1 14.8
701k-750k 42 30 3 0.1 8.4
751k-800k 51 19 4 0.1 16.1
801k-850k 39 12 2 0.1 19.5
851k-900k 54 23 4 0.1 14.1
901k-950k 28 22 6 0.1 7.6
951k-1m 45 13 5 0 20.8
1m-1.1m 34 20 3 0.1 10.2
1.1m-1.2m 51 18 6 0.1 17
1.2m-1.3m 42 19 5 0.1 13.3
1.3m-1.4m 40 8 0 30
1.4m-1.5m 29 7 4 0 24.9
1.5m-1.6m 19 9 0.1 12.7
1.6m-1.7m 16 7 0.1 13.7
1.7m-1.8m 26 4 2 0 39
1.8m-1.9m 20 9 2 0.1 13.3
1.9m-2m 22 10 1 0.1 13.2
2m-2.25m 32 7 1 0 27.4
2.25m-2.5m 42 6 0 42
2.5m-2.75m 29 7 1 0 24.9
2.75m-3m 27 9 3 0.1 18
3m-3.5m 39 6 1 0 39
3.5m-4m 27 10 1 0.1 16.2
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 14 5 2 0.1 16.8
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