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
26k-50k 5 2 0.8 0
51k-75k 4 8 4 0.3 3
76k-100k 8 11 0.2 4.4
101k-125k 10 22 8 0.4 2.7
126k-150k 21 41 13 0.3 3.1
151k-175k 30 75 13 0.4 2.4
176k-200k 61 115 14 0.3 3.2
201k-225k 96 211 34 0.4 2.7
226k-250k 189 272 41 0.2 4.2
251k-275k 192 247 35 0.2 4.7
276k-300k 196 246 40 0.2 4.8
301k-325k 165 284 47 0.3 3.5
326k-350k 216 389 71 0.3 3.3
351k-375k 175 345 48 0.3 3
376k-400k 230 392 52 0.3 3.5
401k-425k 186 340 35 0.3 3.3
426k-450k 162 259 24 0.3 3.8
451k-475k 103 171 19 0.3 3.6
476k-500k 143 203 28 0.2 4.2
501k-550k 186 253 39 0.2 4.4
551k-600k 119 184 25 0.3 3.9
601k-650k 107 156 26 0.2 4.1
651k-700k 65 111 27 0.3 3.5
701k-750k 69 77 12 0.2 5.4
751k-800k 47 50 7 0.2 5.6
801k-850k 29 52 10 0.3 3.3
851k-900k 26 33 1 0.2 4.7
901k-950k 19 28 9 0.2 4.1
951k-1m 23 21 4 0.2 6.6
1m-1.1m 22 24 4 0.2 5.5
1.1m-1.2m 20 17 1 0.1 7.1
1.2m-1.3m 14 13 3 0.2 6.5
1.3m-1.4m 6 8 1 0.2 4.5
1.4m-1.5m 8 5 1 0.1 9.6
1.5m-1.6m 1 5 1 0.8 1.2
1.6m-1.7m 4 1 0 24
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 2 2 0.2 6
1.9m-2m 1 0
2m-2.25m 2 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3.5m-4m 2 0
4m-4.5m 2 0
5.01m-6m 1 0
14.01m-15m 1 0