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 1 3 0.5 2
101k-125k 2 10 2 0.8 1.2
126k-150k 8 6 1 0.1 8
151k-175k 7 21 5 0.5 2
176k-200k 20 34 2 0.3 3.5
201k-225k 24 64 9 0.4 2.3
226k-250k 59 85 13 0.2 4.2
251k-275k 67 82 11 0.2 4.9
276k-300k 66 71 13 0.2 5.6
301k-325k 66 106 21 0.3 3.7
326k-350k 81 189 29 0.4 2.6
351k-375k 77 170 26 0.4 2.7
376k-400k 81 209 24 0.4 2.3
401k-425k 68 196 25 0.5 2.1
426k-450k 84 157 13 0.3 3.2
451k-475k 53 99 10 0.3 3.2
476k-500k 72 112 14 0.3 3.9
501k-550k 82 119 12 0.2 4.1
551k-600k 66 90 9 0.2 4.4
601k-650k 49 72 7 0.2 4.1
651k-700k 39 59 12 0.3 4
701k-750k 41 35 6 0.1 7
751k-800k 27 26 2 0.2 6.2
801k-850k 15 19 3 0.2 4.7
851k-900k 9 17 2 0.3 3.2
901k-950k 10 10 2 0.2 6
951k-1m 10 8 0.1 7.5
1m-1.1m 13 10 1 0.1 7.8
1.1m-1.2m 8 6 0.1 8
1.2m-1.3m 8 3 1 0.1 16
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