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 2 7 2 0.6 1.7
126k-150k 4 6 1 0.3 4
151k-175k 3 16 3 0.9 1.1
176k-200k 28 35 7 0.2 4.8
201k-225k 26 66 9 0.4 2.4
226k-250k 70 88 14 0.2 4.8
251k-275k 61 90 15 0.2 4.1
276k-300k 66 81 15 0.2 4.9
301k-325k 63 97 15 0.3 3.9
326k-350k 85 195 28 0.4 2.6
351k-375k 77 175 22 0.4 2.6
376k-400k 90 235 42 0.4 2.3
401k-425k 65 206 31 0.5 1.9
426k-450k 87 180 31 0.3 2.9
451k-475k 48 120 19 0.4 2.4
476k-500k 73 125 17 0.3 3.5
501k-550k 97 150 13 0.3 3.9
551k-600k 78 117 8 0.3 4
601k-650k 50 90 9 0.3 3.3
651k-700k 48 69 5 0.2 4.2
701k-750k 42 43 6 0.2 5.9
751k-800k 24 35 4 0.2 4.1
801k-850k 13 20 2 0.3 3.9
851k-900k 15 23 4 0.3 3.9
901k-950k 5 11 2 0.4 2.7
951k-1m 8 12 1 0.3 4
1m-1.1m 13 13 0.2 6
1.1m-1.2m 9 9 1 0.2 6
1.2m-1.3m 6 2 0.1 18
1.3m-1.4m 6 7 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