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 3 17 3 0.9 1.1
176k-200k 28 35 7 0.2 4.8
201k-225k 27 65 12 0.4 2.5
226k-250k 68 87 19 0.2 4.7
251k-275k 59 88 12 0.2 4
276k-300k 66 83 18 0.2 4.8
301k-325k 62 95 15 0.3 3.9
326k-350k 85 197 35 0.4 2.6
351k-375k 78 180 31 0.4 2.6
376k-400k 84 231 43 0.5 2.2
401k-425k 65 205 38 0.5 1.9
426k-450k 83 179 34 0.4 2.8
451k-475k 49 123 21 0.4 2.4
476k-500k 72 129 22 0.3 3.3
501k-550k 97 154 17 0.3 3.8
551k-600k 74 119 10 0.3 3.7
601k-650k 48 91 12 0.3 3.2
651k-700k 50 69 6 0.2 4.3
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 7 7 1 0.2 6
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