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
26k-50k 1 0.2 0
51k-75k 4 8 0.3 3
76k-100k 11 15 2 0.2 4.4
101k-125k 39 50 10 0.2 4.7
126k-150k 99 75 12 0.1 7.9
151k-175k 124 117 16 0.2 6.4
176k-200k 189 136 19 0.1 8.3
201k-225k 171 97 10 0.1 10.6
226k-250k 149 122 17 0.1 7.3
251k-275k 86 59 8 0.1 8.7
276k-300k 59 41 7 0.1 8.6
301k-325k 44 29 3 0.1 9.1
326k-350k 38 28 8 0.1 8.1
351k-375k 22 22 5 0.2 6
376k-400k 18 5 0 21.6
401k-425k 10 8 1 0.1 7.5
426k-450k 9 5 0.1 10.8
451k-475k 6 5 1 0.1 7.2
476k-500k 15 10 3 0.1 9
501k-550k 14 26 3 0.3 3.2
551k-600k 13 4 0.1 19.5
601k-650k 9 7 1 0.1 7.7
651k-700k 7 6 2 0.1 7
701k-750k 3 4 0.2 4.5
751k-800k 2 1 0.1 12
801k-850k 5 0
851k-900k 2 2 0.2 6
901k-950k 1 2 1 0.3 3
951k-1m 2 2 1 0.2 6
1m-1.1m 1 2 1 0.3 3
1.1m-1.2m 1 3 1 0.5 2
1.2m-1.3m 1 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 2 1 1 0.1 12
1.8m-1.9m 1 0
2m-2.25m 1 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0