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
1k-25k 1 0
26k-50k 1 0.2 0
126k-150k 1 0
176k-200k 6 7 1 0.2 5.1
201k-225k 9 18 0.3 3
226k-250k 24 31 5 0.2 4.6
251k-275k 24 50 7 0.3 2.9
276k-300k 31 37 7 0.2 5
301k-325k 34 40 9 0.2 5.1
326k-350k 30 24 6 0.1 7.5
351k-375k 10 32 5 0.5 1.9
376k-400k 21 29 1 0.2 4.3
401k-425k 11 22 5 0.3 3
426k-450k 11 14 2 0.2 4.7
451k-475k 13 12 1 0.2 6.5
476k-500k 14 14 4 0.2 6
501k-550k 15 24 3 0.3 3.8
551k-600k 13 16 3 0.2 4.9
601k-650k 13 18 2 0.2 4.3
651k-700k 13 15 3 0.2 5.2
701k-750k 13 17 6 0.2 4.6
751k-800k 15 17 3 0.2 5.3
801k-850k 15 7 1 0.1 12.9
851k-900k 10 10 2 0.2 6
901k-950k 5 10 4 0.3 3
951k-1m 6 6 0.2 6
1m-1.1m 7 3 1 0.1 14
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 6 3 2 0.1 12
1.3m-1.4m 2 4 2 0.3 3
1.4m-1.5m 1 0.2 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0.5 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 2 0
2.75m-3m 1 0
4m-4.5m 1 1 0.2 6