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
126k-150k 1 0.2 0
151k-175k 1 1 1 0.2 6
176k-200k 1 9 2 1.5 0.7
201k-225k 2 3 2 0.3 4
226k-250k 1 16 4 2.7 0.4
251k-275k 3 24 7 1.3 0.8
276k-300k 16 24 5 0.3 4
301k-325k 34 36 6 0.2 5.7
326k-350k 41 77 11 0.3 3.2
351k-375k 39 84 12 0.4 2.8
376k-400k 71 112 18 0.3 3.8
401k-425k 59 80 10 0.2 4.4
426k-450k 64 91 11 0.2 4.2
451k-475k 48 51 9 0.2 5.6
476k-500k 52 67 11 0.2 4.7
501k-550k 74 62 16 0.1 7.2
551k-600k 63 39 3 0.1 9.7
601k-650k 32 43 10 0.2 4.5
651k-700k 45 29 8 0.1 9.3
701k-750k 29 9 1 0.1 19.3
751k-800k 20 16 3 0.1 7.5
801k-850k 18 12 2 0.1 9
851k-900k 12 4 0.1 18
901k-950k 7 8 2 0.2 5.3
951k-1m 8 5 0.1 9.6
1m-1.1m 4 4 2 0.2 6
1.1m-1.2m 6 1 0 36
1.2m-1.3m 3 6 2 0.3 3
1.3m-1.4m 5 1 0 30
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 3 1 0.3 4
1.9m-2m 2 1 0.1 12
2m-2.25m 1 1 1 0.2 6
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 2 0
2.75m-3m 2 1 0.1 12
3m-3.5m 2 0
3.5m-4m 1 0