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 7 3 1.2 0.9
126k-150k 4 6 1 0.3 4
151k-175k 4 17 3 0.7 1.4
176k-200k 27 35 7 0.2 4.6
201k-225k 28 65 12 0.4 2.6
226k-250k 67 87 19 0.2 4.6
251k-275k 56 88 12 0.3 3.8
276k-300k 69 82 17 0.2 5
301k-325k 61 94 16 0.3 3.9
326k-350k 84 194 33 0.4 2.6
351k-375k 81 177 31 0.4 2.7
376k-400k 85 231 44 0.5 2.2
401k-425k 62 204 38 0.5 1.8
426k-450k 84 177 33 0.4 2.8
451k-475k 49 122 20 0.4 2.4
476k-500k 74 128 22 0.3 3.5
501k-550k 97 153 16 0.3 3.8
551k-600k 72 118 9 0.3 3.7
601k-650k 47 90 11 0.3 3.1
651k-700k 51 68 5 0.2 4.5
701k-750k 40 44 6 0.2 5.5
751k-800k 25 35 3 0.2 4.3
801k-850k 13 20 2 0.3 3.9
851k-900k 15 24 4 0.3 3.8
901k-950k 5 11 2 0.4 2.7
951k-1m 8 12 1 0.3 4
1m-1.1m 11 13 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