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 8% 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
51k-75k 2 0
76k-100k 6 12 3 0.3 3
101k-125k 19 22 1 0.2 5.2
126k-150k 46 31 2 0.1 8.9
151k-175k 57 56 4 0.2 6.1
176k-200k 91 65 7 0.1 8.4
201k-225k 93 65 12 0.1 8.6
226k-250k 127 48 4 0.1 15.9
251k-275k 95 50 5 0.1 11.4
276k-300k 134 50 4 0.1 16.1
301k-325k 95 42 4 0.1 13.6
326k-350k 97 31 5 0.1 18.8
351k-375k 64 22 3 0.1 17.5
376k-400k 74 27 3 0.1 16.4
401k-425k 39 14 2 0.1 16.7
426k-450k 37 21 4 0.1 10.6
451k-475k 24 16 3 0.1 9
476k-500k 33 12 6 0.1 16.5
501k-550k 31 18 4 0.1 10.3
551k-600k 16 7 2 0.1 13.7
601k-650k 9 2 1 0 27
651k-700k 8 2 0 24
701k-750k 9 2 0 27
751k-800k 6 0
801k-850k 3 3 0.2 6
851k-900k 9 2 0 27
901k-950k 3 0
951k-1m 4 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 5 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0