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 1 13 2 2.2 0.5
201k-225k 6 16 4 0.4 2.3
226k-250k 10 33 6 0.6 1.8
251k-275k 19 61 17 0.5 1.9
276k-300k 52 73 15 0.2 4.3
301k-325k 88 124 16 0.2 4.3
326k-350k 142 202 27 0.2 4.2
351k-375k 109 282 49 0.4 2.3
376k-400k 234 368 59 0.3 3.8
401k-425k 178 283 44 0.3 3.8
426k-450k 213 263 36 0.2 4.9
451k-475k 160 157 27 0.2 6.1
476k-500k 141 171 26 0.2 4.9
501k-550k 201 169 31 0.1 7.1
551k-600k 170 131 21 0.1 7.8
601k-650k 129 101 12 0.1 7.7
651k-700k 142 87 17 0.1 9.8
701k-750k 129 60 2 0.1 12.9
751k-800k 70 37 3 0.1 11.4
801k-850k 58 23 3 0.1 15.1
851k-900k 42 13 3 0.1 19.4
901k-950k 34 17 2 0.1 12
951k-1m 34 12 2 0.1 17
1m-1.1m 28 19 4 0.1 8.8
1.1m-1.2m 21 9 0.1 14
1.2m-1.3m 13 11 3 0.1 7.1
1.3m-1.4m 14 2 1 0 42
1.4m-1.5m 9 1 0 54
1.5m-1.6m 10 13 0.2 4.6
1.6m-1.7m 9 6 1 0.1 9
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