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
51k-75k 1 0
76k-100k 1 4 0.7 1.5
101k-125k 1 6 3 1 1
126k-150k 3 6 1 0.3 3
151k-175k 4 17 3 0.7 1.4
176k-200k 28 35 7 0.2 4.8
201k-225k 28 69 12 0.4 2.4
226k-250k 64 89 19 0.2 4.3
251k-275k 56 90 15 0.3 3.7
276k-300k 67 81 14 0.2 5
301k-325k 54 99 15 0.3 3.3
326k-350k 88 196 35 0.4 2.7
351k-375k 80 183 36 0.4 2.6
376k-400k 88 236 48 0.4 2.2
401k-425k 67 211 40 0.5 1.9
426k-450k 89 180 35 0.3 3
451k-475k 55 136 17 0.4 2.4
476k-500k 72 131 26 0.3 3.3
501k-550k 100 156 16 0.3 3.8
551k-600k 73 119 14 0.3 3.7
601k-650k 46 93 11 0.3 3
651k-700k 52 71 6 0.2 4.4
701k-750k 39 45 6 0.2 5.2
751k-800k 27 34 4 0.2 4.8
801k-850k 11 20 2 0.3 3.3
851k-900k 16 22 2 0.2 4.4
901k-950k 5 11 2 0.4 2.7
951k-1m 10 11 0.2 5.5
1m-1.1m 10 14 1 0.2 4.3
1.1m-1.2m 9 10 3 0.2 5.4
1.2m-1.3m 6 3 0.1 12
1.3m-1.4m 6 7 1 0.2 5.1
1.4m-1.5m 6 4 1 0.1 9
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0