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 0.3 4
151k-175k 4 16 3 0.7 1.5
176k-200k 28 36 8 0.2 4.7
201k-225k 25 63 8 0.4 2.4
226k-250k 67 85 13 0.2 4.7
251k-275k 60 83 13 0.2 4.3
276k-300k 64 79 13 0.2 4.9
301k-325k 63 100 14 0.3 3.8
326k-350k 84 193 24 0.4 2.6
351k-375k 75 168 21 0.4 2.7
376k-400k 88 228 32 0.4 2.3
401k-425k 62 199 24 0.5 1.9
426k-450k 89 174 28 0.3 3.1
451k-475k 45 115 17 0.4 2.3
476k-500k 74 122 18 0.3 3.6
501k-550k 94 146 14 0.3 3.9
551k-600k 76 109 7 0.2 4.2
601k-650k 46 87 11 0.3 3.2
651k-700k 48 66 6 0.2 4.4
701k-750k 40 42 6 0.2 5.7
751k-800k 25 32 4 0.2 4.7
801k-850k 14 20 2 0.2 4.2
851k-900k 14 23 4 0.3 3.7
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 3 1 0.1 12
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
2.25m-2.5m 1 0.2 0
2.5m-2.75m 1 0
3m-3.5m 1 0.2 0