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 10 3 1.7 0.6
126k-150k 8 6 1 0.1 8
151k-175k 6 21 7 0.6 1.7
176k-200k 23 35 2 0.3 3.9
201k-225k 23 64 11 0.5 2.2
226k-250k 59 85 18 0.2 4.2
251k-275k 66 82 13 0.2 4.8
276k-300k 68 72 14 0.2 5.7
301k-325k 66 106 23 0.3 3.7
326k-350k 80 190 31 0.4 2.5
351k-375k 73 169 30 0.4 2.6
376k-400k 85 210 29 0.4 2.4
401k-425k 67 201 28 0.5 2
426k-450k 84 161 15 0.3 3.1
451k-475k 53 99 12 0.3 3.2
476k-500k 73 114 18 0.3 3.8
501k-550k 87 120 15 0.2 4.4
551k-600k 68 92 12 0.2 4.4
601k-650k 46 74 8 0.3 3.7
651k-700k 38 59 11 0.3 3.9
701k-750k 37 36 6 0.2 6.2
751k-800k 27 26 2 0.2 6.2
801k-850k 13 19 4 0.2 4.1
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 2 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