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
1k-25k 1 0
51k-75k 2 1 0.1 12
76k-100k 8 7 1 0.1 6.9
101k-125k 8 6 1 0.1 8
126k-150k 9 18 4 0.3 3
151k-175k 41 41 7 0.2 6
176k-200k 61 39 6 0.1 9.4
201k-225k 78 49 6 0.1 9.6
226k-250k 98 51 5 0.1 11.5
251k-275k 91 44 10 0.1 12.4
276k-300k 114 44 7 0.1 15.5
301k-325k 77 38 5 0.1 12.2
326k-350k 64 23 6 0.1 16.7
351k-375k 50 23 0.1 13
376k-400k 47 20 2 0.1 14.1
401k-425k 36 8 1 0 27
426k-450k 32 16 0.1 12
451k-475k 22 8 1 0.1 16.5
476k-500k 38 17 1 0.1 13.4
501k-550k 30 17 2 0.1 10.6
551k-600k 33 21 5 0.1 9.4
601k-650k 32 17 2 0.1 11.3
651k-700k 34 17 0.1 12
701k-750k 24 17 3 0.1 8.5
751k-800k 29 20 0.1 8.7
801k-850k 29 11 1 0.1 15.8
851k-900k 15 15 3 0.2 6
901k-950k 11 7 2 0.1 9.4
951k-1m 23 10 4 0.1 13.8
1m-1.1m 26 11 2 0.1 14.2
1.1m-1.2m 22 12 1 0.1 11
1.2m-1.3m 26 17 3 0.1 9.2
1.3m-1.4m 15 11 1 0.1 8.2
1.4m-1.5m 17 13 3 0.1 7.8
1.5m-1.6m 6 7 1 0.2 5.1
1.6m-1.7m 13 7 1 0.1 11.1
1.7m-1.8m 5 5 1 0.2 6
1.8m-1.9m 5 5 1 0.2 6
1.9m-2m 10 5 1 0.1 12
2m-2.25m 5 14 3 0.5 2.1
2.25m-2.5m 10 13 2 0.2 4.6
2.5m-2.75m 13 9 0.1 8.7
2.75m-3m 11 4 0.1 16.5
3m-3.5m 13 3 0 26
3.5m-4m 17 4 2 0 25.5
4m-4.5m 10 2 0 30
4.5m-5m 8 10 2 0.2 4.8
5.01m-6m 13 6 2 0.1 13
6.01m-7m 9 3 3 0.1 18
7.01m-8m 8 11 0.2 4.4
8.01m-9m 6 10 2 0.3 3.6
9.01m-10m 2 0.3 0
10.01m-11m 1 2 0.3 3
11.01m-12m 1 0
12.01m-13m 1 5 2 0.8 1.2
13.01m-14m 1 1 0.2 6
14.01m-15m 1 0
21.01m-22m 1 0.2 0