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 68 13 0.4 2.5
226k-250k 70 88 20 0.2 4.8
251k-275k 56 88 12 0.3 3.8
276k-300k 69 82 16 0.2 5
301k-325k 63 98 17 0.3 3.9
326k-350k 87 196 35 0.4 2.7
351k-375k 84 181 33 0.4 2.8
376k-400k 86 233 43 0.5 2.2
401k-425k 60 206 40 0.6 1.7
426k-450k 87 177 34 0.3 2.9
451k-475k 50 125 19 0.4 2.4
476k-500k 69 129 22 0.3 3.2
501k-550k 99 155 17 0.3 3.8
551k-600k 74 118 9 0.3 3.8
601k-650k 45 91 10 0.3 3
651k-700k 52 69 5 0.2 4.5
701k-750k 41 44 6 0.2 5.6
751k-800k 25 34 2 0.2 4.4
801k-850k 14 19 2 0.2 4.4
851k-900k 15 23 3 0.3 3.9
901k-950k 5 11 2 0.4 2.7
951k-1m 8 12 1 0.3 4
1m-1.1m 11 13 1 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 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