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 9 1 1.5 0
201k-225k 2 3 2 0.3 4
226k-250k 2 16 4 1.3 0.8
251k-275k 3 25 7 1.4 0.7
276k-300k 17 24 5 0.2 4.3
301k-325k 34 36 6 0.2 5.7
326k-350k 43 77 11 0.3 3.4
351k-375k 34 84 13 0.4 2.4
376k-400k 72 111 17 0.3 3.9
401k-425k 58 81 11 0.2 4.3
426k-450k 61 93 13 0.3 3.9
451k-475k 50 51 8 0.2 5.9
476k-500k 56 66 11 0.2 5.1
501k-550k 74 65 18 0.1 6.8
551k-600k 58 39 3 0.1 8.9
601k-650k 32 43 7 0.2 4.5
651k-700k 43 29 7 0.1 8.9
701k-750k 28 9 0.1 18.7
751k-800k 22 16 1 0.1 8.3
801k-850k 17 12 2 0.1 8.5
851k-900k 12 3 0 24
901k-950k 8 8 2 0.2 6
951k-1m 8 5 0.1 9.6
1m-1.1m 3 4 2 0.2 4.5
1.1m-1.2m 7 1 0 42
1.2m-1.3m 2 6 2 0.5 2
1.3m-1.4m 5 2 1 0.1 15
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 0.2 6
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 1 0
2.75m-3m 2 1 0.1 12
3m-3.5m 2 0
3.5m-4m 1 0