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 6 3 1 1
126k-150k 3 6 1 0.3 3
151k-175k 4 17 3 0.7 1.4
176k-200k 28 35 6 0.2 4.8
201k-225k 28 69 13 0.4 2.4
226k-250k 68 88 19 0.2 4.6
251k-275k 54 89 13 0.3 3.6
276k-300k 68 81 15 0.2 5
301k-325k 57 98 17 0.3 3.5
326k-350k 86 196 37 0.4 2.6
351k-375k 82 182 35 0.4 2.7
376k-400k 87 233 48 0.4 2.2
401k-425k 65 208 40 0.5 1.9
426k-450k 88 180 35 0.3 2.9
451k-475k 54 130 19 0.4 2.5
476k-500k 69 130 22 0.3 3.2
501k-550k 102 155 16 0.3 3.9
551k-600k 75 118 11 0.3 3.8
601k-650k 45 91 10 0.3 3
651k-700k 54 71 6 0.2 4.6
701k-750k 42 45 6 0.2 5.6
751k-800k 25 34 3 0.2 4.4
801k-850k 14 19 2 0.2 4.4
851k-900k 15 23 3 0.3 3.9
901k-950k 6 11 2 0.3 3.3
951k-1m 9 12 1 0.2 4.5
1m-1.1m 10 13 1 0.2 4.6
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 1 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