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
76k-100k 1 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 2 1 0.3 3
176k-200k 2 13 2 1.1 0.9
201k-225k 5 17 4 0.6 1.8
226k-250k 11 33 6 0.5 2
251k-275k 19 60 16 0.5 1.9
276k-300k 52 74 16 0.2 4.2
301k-325k 87 126 19 0.2 4.1
326k-350k 139 203 29 0.2 4.1
351k-375k 108 285 53 0.4 2.3
376k-400k 232 369 59 0.3 3.8
401k-425k 183 280 43 0.3 3.9
426k-450k 212 262 35 0.2 4.9
451k-475k 156 157 28 0.2 6
476k-500k 138 171 26 0.2 4.8
501k-550k 202 169 32 0.1 7.2
551k-600k 171 130 20 0.1 7.9
601k-650k 128 101 13 0.1 7.6
651k-700k 139 88 17 0.1 9.5
701k-750k 128 60 2 0.1 12.8
751k-800k 72 37 3 0.1 11.7
801k-850k 57 22 2 0.1 15.5
851k-900k 43 13 3 0.1 19.8
901k-950k 35 17 2 0.1 12.4
951k-1m 33 12 2 0.1 16.5
1m-1.1m 30 18 4 0.1 10
1.1m-1.2m 20 9 0.1 13.3
1.2m-1.3m 13 11 3 0.1 7.1
1.3m-1.4m 13 2 1 0 39
1.4m-1.5m 9 2 0 27
1.5m-1.6m 9 13 0.2 4.2
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 9 4 1 0.1 13.5
1.9m-2m 6 2 0.1 18
2m-2.25m 6 1 1 0 36
2.25m-2.5m 10 4 1 0.1 15
2.5m-2.75m 3 0
2.75m-3m 5 1 0 30
3m-3.5m 7 0
3.5m-4m 3 0
4m-4.5m 2 0
4.5m-5m 1 1 0.2 6
5.01m-6m 3 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0