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 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
51k-75k 4 5 0.2 4.8
76k-100k 10 9 2 0.2 6.7
101k-125k 21 39 3 0.3 3.2
126k-150k 81 69 14 0.1 7
151k-175k 136 119 23 0.1 6.9
176k-200k 170 135 22 0.1 7.6
201k-225k 144 97 12 0.1 8.9
226k-250k 131 98 10 0.1 8
251k-275k 82 52 8 0.1 9.5
276k-300k 55 32 4 0.1 10.3
301k-325k 37 15 2 0.1 14.8
326k-350k 24 18 4 0.1 8
351k-375k 16 12 0.1 8
376k-400k 16 6 1 0.1 16
401k-425k 3 7 1 0.4 2.6
426k-450k 8 8 0.2 6
451k-475k 5 5 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 14 20 2 0.2 4.2
551k-600k 9 6 0.1 9
601k-650k 10 5 1 0.1 12
651k-700k 5 4 0.1 7.5
701k-750k 3 5 2 0.3 3.6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 1 0
1.8m-1.9m 1 0
4.5m-5m 1 0