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 8 2 1.3 0.8
126k-150k 4 5 0.2 4.8
151k-175k 9 18 3 0.3 3
176k-200k 21 38 5 0.3 3.3
201k-225k 26 64 11 0.4 2.4
226k-250k 60 84 16 0.2 4.3
251k-275k 70 80 10 0.2 5.3
276k-300k 65 76 13 0.2 5.1
301k-325k 63 101 22 0.3 3.7
326k-350k 90 186 24 0.3 2.9
351k-375k 76 168 27 0.4 2.7
376k-400k 80 217 28 0.5 2.2
401k-425k 68 200 25 0.5 2
426k-450k 88 166 18 0.3 3.2
451k-475k 49 109 13 0.4 2.7
476k-500k 82 119 17 0.2 4.1
501k-550k 87 129 13 0.2 4
551k-600k 73 102 10 0.2 4.3
601k-650k 43 82 10 0.3 3.1
651k-700k 41 60 7 0.2 4.1
701k-750k 39 39 5 0.2 6
751k-800k 27 29 4 0.2 5.6
801k-850k 16 22 5 0.2 4.4
851k-900k 10 21 2 0.4 2.9
901k-950k 9 10 1 0.2 5.4
951k-1m 9 11 0.2 4.9
1m-1.1m 13 11 1 0.1 7.1
1.1m-1.2m 9 6 0.1 9
1.2m-1.3m 6 3 2 0.1 12
1.3m-1.4m 7 6 0.1 7
1.4m-1.5m 3 4 0.2 4.5
1.5m-1.6m 1 4 0.7 1.5
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0