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 6 0.2 4.8
201k-225k 29 70 13 0.4 2.5
226k-250k 64 88 19 0.2 4.4
251k-275k 56 90 15 0.3 3.7
276k-300k 69 81 15 0.2 5.1
301k-325k 56 99 15 0.3 3.4
326k-350k 86 195 35 0.4 2.6
351k-375k 80 182 35 0.4 2.6
376k-400k 88 235 47 0.4 2.2
401k-425k 65 211 39 0.5 1.8
426k-450k 90 178 34 0.3 3
451k-475k 54 132 17 0.4 2.5
476k-500k 71 131 25 0.3 3.3
501k-550k 99 154 16 0.3 3.9
551k-600k 74 119 13 0.3 3.7
601k-650k 46 93 10 0.3 3
651k-700k 51 71 6 0.2 4.3
701k-750k 41 45 6 0.2 5.5
751k-800k 24 34 4 0.2 4.2
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 9 12 1 0.2 4.5
1m-1.1m 10 13 1 0.2 4.6
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