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

Houses 0% 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
26k-50k 2 0.3 0
51k-75k 7 3 3 0.1 14
76k-100k 6 5 1 0.1 7.2
101k-125k 2 8 4 0.7 1.5
126k-150k 7 12 2 0.3 3.5
151k-175k 5 23 3 0.8 1.3
176k-200k 21 32 6 0.3 3.9
201k-225k 27 51 11 0.3 3.2
226k-250k 62 66 10 0.2 5.6
251k-275k 47 55 12 0.2 5.1
276k-300k 59 55 10 0.2 6.4
301k-325k 23 46 6 0.3 3
326k-350k 29 58 11 0.3 3
351k-375k 30 41 2 0.2 4.4
376k-400k 34 43 4 0.2 4.7
401k-425k 18 35 6 0.3 3.1
426k-450k 17 20 4 0.2 5.1
451k-475k 14 23 2 0.3 3.7
476k-500k 16 18 5 0.2 5.3
501k-550k 23 28 3 0.2 4.9
551k-600k 18 19 2 0.2 5.7
601k-650k 5 9 1 0.3 3.3
651k-700k 5 12 1 0.4 2.5
701k-750k 9 7 1 0.1 7.7
751k-800k 6 3 0.1 12
801k-850k 5 5 1 0.2 6
851k-900k 5 2 0.1 15
901k-950k 2 0.3 0
951k-1m 3 5 0.3 3.6
1m-1.1m 7 2 0 21
1.1m-1.2m 5 1 0 30
1.2m-1.3m 1 1 1 0.2 6
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0