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

Townhouses 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
76k-100k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 1 3 0.5 2
201k-225k 2 6 2 0.5 2
226k-250k 9 17 3 0.3 3.2
251k-275k 8 15 3 0.3 3.2
276k-300k 16 27 4 0.3 3.6
301k-325k 17 27 4 0.3 3.8
326k-350k 29 33 5 0.2 5.3
351k-375k 31 48 5 0.3 3.9
376k-400k 28 51 4 0.3 3.3
401k-425k 25 49 8 0.3 3.1
426k-450k 20 39 3 0.3 3.1
451k-475k 13 17 5 0.2 4.6
476k-500k 12 17 2 0.2 4.2
501k-550k 15 27 4 0.3 3.3
551k-600k 22 21 5 0.2 6.3
601k-650k 14 16 1 0.2 5.3
651k-700k 10 15 0.3 4
701k-750k 7 5 0.1 8.4
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 5 4 0.1 7.5
901k-950k 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0