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 2 1 1
126k-150k 3 6 1 0.3 3
151k-175k 4 17 3 0.7 1.4
176k-200k 27 34 6 0.2 4.8
201k-225k 27 65 11 0.4 2.5
226k-250k 70 85 17 0.2 4.9
251k-275k 54 87 11 0.3 3.7
276k-300k 69 81 16 0.2 5.1
301k-325k 56 94 16 0.3 3.6
326k-350k 85 194 33 0.4 2.6
351k-375k 79 177 31 0.4 2.7
376k-400k 86 230 43 0.4 2.2
401k-425k 60 203 37 0.6 1.8
426k-450k 87 176 32 0.3 3
451k-475k 50 121 19 0.4 2.5
476k-500k 69 127 21 0.3 3.3
501k-550k 99 153 16 0.3 3.9
551k-600k 74 118 9 0.3 3.8
601k-650k 46 89 10 0.3 3.1
651k-700k 52 68 5 0.2 4.6
701k-750k 41 44 6 0.2 5.6
751k-800k 25 34 2 0.2 4.4
801k-850k 13 20 2 0.3 3.9
851k-900k 15 23 3 0.3 3.9
901k-950k 5 11 2 0.4 2.7
951k-1m 8 12 1 0.3 4
1m-1.1m 11 13 1 0.2 5.1
1.1m-1.2m 9 9 3 0.2 6
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 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