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 3 0.5 2
101k-125k 1 8 2 1.3 0.8
126k-150k 4 5 0.2 4.8
151k-175k 8 19 3 0.4 2.5
176k-200k 21 38 5 0.3 3.3
201k-225k 26 64 11 0.4 2.4
226k-250k 61 85 18 0.2 4.3
251k-275k 71 80 11 0.2 5.3
276k-300k 66 76 15 0.2 5.2
301k-325k 63 101 25 0.3 3.7
326k-350k 90 186 26 0.3 2.9
351k-375k 76 168 28 0.4 2.7
376k-400k 80 217 29 0.5 2.2
401k-425k 69 200 26 0.5 2.1
426k-450k 89 166 20 0.3 3.2
451k-475k 49 109 15 0.4 2.7
476k-500k 83 119 17 0.2 4.2
501k-550k 88 129 15 0.2 4.1
551k-600k 73 103 10 0.2 4.3
601k-650k 43 82 11 0.3 3.1
651k-700k 41 60 7 0.2 4.1
701k-750k 39 39 6 0.2 6
751k-800k 27 29 4 0.2 5.6
801k-850k 16 22 5 0.2 4.4
851k-900k 10 21 3 0.4 2.9
901k-950k 9 10 1 0.2 5.4
951k-1m 9 11 0.2 4.9
1m-1.1m 13 11 1 0.1 7.1
1.1m-1.2m 9 6 0.1 9
1.2m-1.3m 6 3 2 0.1 12
1.3m-1.4m 7 6 0.1 7
1.4m-1.5m 3 4 0.2 4.5
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0