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
76k-100k 1 3 0.5 2
101k-125k 1 10 2 1.7 0.6
126k-150k 8 6 1 0.1 8
151k-175k 7 21 6 0.5 2
176k-200k 22 34 2 0.3 3.9
201k-225k 23 64 10 0.5 2.2
226k-250k 58 85 15 0.2 4.1
251k-275k 66 82 13 0.2 4.8
276k-300k 68 72 14 0.2 5.7
301k-325k 66 105 24 0.3 3.8
326k-350k 83 189 32 0.4 2.6
351k-375k 75 169 26 0.4 2.7
376k-400k 82 208 25 0.4 2.4
401k-425k 67 196 26 0.5 2.1
426k-450k 84 157 14 0.3 3.2
451k-475k 51 99 11 0.3 3.1
476k-500k 76 114 16 0.3 4
501k-550k 85 120 15 0.2 4.3
551k-600k 68 90 12 0.2 4.5
601k-650k 49 72 7 0.2 4.1
651k-700k 37 59 12 0.3 3.8
701k-750k 40 36 6 0.2 6.7
751k-800k 26 26 2 0.2 6
801k-850k 15 19 3 0.2 4.7
851k-900k 9 17 2 0.3 3.2
901k-950k 10 10 2 0.2 6
951k-1m 8 8 0.2 6
1m-1.1m 15 10 1 0.1 9
1.1m-1.2m 9 6 0.1 9
1.2m-1.3m 7 3 1 0.1 14
1.3m-1.4m 3 5 0.3 3.6
1.4m-1.5m 3 3 0.2 6
1.5m-1.6m 1 3 0.5 2
1.6m-1.7m 3 1 0.1 18
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.1 12
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0