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 2 3 0.3 4
101k-125k 2 10 2 0.8 1.2
126k-150k 8 6 1 0.1 8
151k-175k 8 21 5 0.4 2.3
176k-200k 19 35 3 0.3 3.3
201k-225k 25 64 9 0.4 2.3
226k-250k 61 86 14 0.2 4.3
251k-275k 67 83 12 0.2 4.8
276k-300k 66 73 15 0.2 5.4
301k-325k 63 110 25 0.3 3.4
326k-350k 85 193 33 0.4 2.6
351k-375k 79 172 28 0.4 2.8
376k-400k 81 212 27 0.4 2.3
401k-425k 68 197 26 0.5 2.1
426k-450k 87 158 14 0.3 3.3
451k-475k 53 100 11 0.3 3.2
476k-500k 72 112 15 0.3 3.9
501k-550k 79 121 14 0.3 3.9
551k-600k 64 91 10 0.2 4.2
601k-650k 50 75 10 0.3 4
651k-700k 40 59 12 0.2 4.1
701k-750k 38 35 6 0.2 6.5
751k-800k 27 26 2 0.2 6.2
801k-850k 16 19 3 0.2 5.1
851k-900k 9 17 2 0.3 3.2
901k-950k 10 10 2 0.2 6
951k-1m 10 9 1 0.2 6.7
1m-1.1m 13 10 1 0.1 7.8
1.1m-1.2m 7 6 0.1 7
1.2m-1.3m 7 3 1 0.1 14
1.3m-1.4m 3 4 0.2 4.5
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