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
1k-25k 2 1 0.3 0
26k-50k 3 1 0.5 0
51k-75k 3 0.5 0
76k-100k 2 2 0.2 6
101k-125k 1 4 0.7 1.5
126k-150k 3 13 4 0.7 1.4
151k-175k 10 26 5 0.4 2.3
176k-200k 25 53 12 0.4 2.8
201k-225k 51 98 13 0.3 3.1
226k-250k 105 156 30 0.2 4
251k-275k 108 156 18 0.2 4.2
276k-300k 162 239 34 0.2 4.1
301k-325k 175 223 39 0.2 4.7
326k-350k 127 162 30 0.2 4.7
351k-375k 94 104 18 0.2 5.4
376k-400k 58 53 10 0.2 6.6
401k-425k 36 37 4 0.2 5.8
426k-450k 21 37 4 0.3 3.4
451k-475k 21 23 1 0.2 5.5
476k-500k 21 15 1 0.1 8.4
501k-550k 34 24 5 0.1 8.5
551k-600k 17 25 5 0.2 4.1
601k-650k 21 13 1 0.1 9.7
651k-700k 13 8 1 0.1 9.8
701k-750k 8 6 0.1 8
751k-800k 8 4 0.1 12
801k-850k 9 8 1 0.1 6.8
851k-900k 4 6 0.3 4
901k-950k 7 1 0 42
951k-1m 6 5 1 0.1 7.2
1m-1.1m 9 2 1 0 27
1.1m-1.2m 8 1 0 48
1.2m-1.3m 7 1 0 42
1.3m-1.4m 4 4 1 0.2 6
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 5 1 0 30
1.8m-1.9m 2 1 0.1 12
1.9m-2m 5 1 1 0 30
2m-2.25m 5 1 0 30
2.25m-2.5m 5 0
2.5m-2.75m 5 0
2.75m-3m 3 0
3m-3.5m 1 0
3.5m-4m 3 0
4m-4.5m 1 0
7.01m-8m 1 0
10.01m-11m 1 0