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
51k-75k 2 2 0.3 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 2 1 0.3 0
151k-175k 1 1 0.2 6
176k-200k 1 0.2 0
201k-225k 2 4 1 0.3 3
226k-250k 6 6 3 0.2 6
251k-275k 5 11 4 0.4 2.7
276k-300k 10 13 3 0.2 4.6
301k-325k 14 27 6 0.3 3.1
326k-350k 17 40 2 0.4 2.6
351k-375k 31 68 14 0.4 2.7
376k-400k 42 90 13 0.4 2.8
401k-425k 31 69 10 0.4 2.7
426k-450k 30 37 8 0.2 4.9
451k-475k 18 25 7 0.2 4.3
476k-500k 15 19 1 0.2 4.7
501k-550k 18 21 8 0.2 5.1
551k-600k 10 18 6 0.3 3.3
601k-650k 14 17 0.2 4.9
651k-700k 8 10 2 0.2 4.8
701k-750k 6 8 1 0.2 4.5
751k-800k 3 5 0.3 3.6
801k-850k 6 1 0 36
851k-900k 3 3 0.2 6
901k-950k 1 4 0.7 1.5
951k-1m 2 2 0.2 6
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 4 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0