Absorption Report

Ona, House


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 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 1 0
51k-75k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 9 3 0.5 2
151k-175k 15 21 6 0.2 4.3
176k-200k 32 34 4 0.2 5.6
201k-225k 35 27 3 0.1 7.8
226k-250k 37 32 6 0.1 6.9
251k-275k 40 27 4 0.1 8.9
276k-300k 53 26 3 0.1 12.2
301k-325k 30 17 3 0.1 10.6
326k-350k 25 18 5 0.1 8.3
351k-375k 15 5 0.1 18
376k-400k 20 6 1 0.1 20
401k-425k 5 5 2 0.2 6
426k-450k 7 4 0.1 10.5
451k-475k 1 1 0.2 6
476k-500k 10 1 0 60
501k-550k 11 2 1 0 33
551k-600k 5 2 1 0.1 15
601k-650k 5 5 0.2 6
651k-700k 9 3 0.1 18
701k-750k 4 3 1 0.1 8
751k-800k 2 1 1 0.1 12
801k-850k 3 0.5 0
951k-1m 1 1 0.2 6
1m-1.1m 2 0
1.1m-1.2m 3 0
1.2m-1.3m 2 0.3 0
1.3m-1.4m 3 0
1.4m-1.5m 3 0
1.5m-1.6m 2 0
1.6m-1.7m 4 0
1.7m-1.8m 1 1 1 0.2 6
1.9m-2m 1 0
3.5m-4m 1 0