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 67 72 14 0.2 5.6
301k-325k 65 105 22 0.3 3.7
326k-350k 80 189 30 0.4 2.5
351k-375k 73 168 29 0.4 2.6
376k-400k 85 210 29 0.4 2.4
401k-425k 68 200 27 0.5 2
426k-450k 85 160 14 0.3 3.2
451k-475k 52 99 12 0.3 3.2
476k-500k 72 113 17 0.3 3.8
501k-550k 86 120 15 0.2 4.3
551k-600k 68 92 12 0.2 4.4
601k-650k 45 74 8 0.3 3.6
651k-700k 38 58 10 0.3 3.9
701k-750k 36 36 6 0.2 6
751k-800k 28 26 2 0.2 6.5
801k-850k 13 19 4 0.2 4.1
851k-900k 10 17 2 0.3 3.5
901k-950k 10 10 2 0.2 6
951k-1m 8 8 0.2 6
1m-1.1m 14 10 2 0.1 8.4
1.1m-1.2m 10 6 0.1 10
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