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 42% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 1 1 0.2 6
51k-75k 8 1.3 0
76k-100k 3 10 5 0.6 1.8
101k-125k 5 25 4 0.8 1.2
126k-150k 9 47 13 0.9 1.1
151k-175k 21 63 11 0.5 2
176k-200k 17 127 35 1.2 0.8
201k-225k 30 142 31 0.8 1.3
226k-250k 39 157 30 0.7 1.5
251k-275k 36 197 33 0.9 1.1
276k-300k 45 155 37 0.6 1.7
301k-325k 40 165 27 0.7 1.5
326k-350k 52 183 20 0.6 1.7
351k-375k 45 154 23 0.6 1.8
376k-400k 45 172 24 0.6 1.6
401k-425k 31 137 11 0.7 1.4
426k-450k 31 131 21 0.7 1.4
451k-475k 24 87 10 0.6 1.7
476k-500k 31 105 11 0.6 1.8
501k-550k 42 143 13 0.6 1.8
551k-600k 44 151 21 0.6 1.7
601k-650k 33 119 23 0.6 1.7
651k-700k 37 96 14 0.4 2.3
701k-750k 16 79 12 0.8 1.2
751k-800k 20 77 11 0.6 1.6
801k-850k 11 69 7 1 1
851k-900k 16 63 6 0.7 1.5
901k-950k 12 39 3 0.5 1.8
951k-1m 26 47 7 0.3 3.3
1m-1.1m 21 48 6 0.4 2.6
1.1m-1.2m 18 37 9 0.3 2.9
1.2m-1.3m 20 48 5 0.4 2.5
1.3m-1.4m 13 37 5 0.5 2.1
1.4m-1.5m 17 22 7 0.2 4.6
1.5m-1.6m 4 17 2 0.7 1.4
1.6m-1.7m 10 14 5 0.2 4.3
1.7m-1.8m 9 6 1 0.1 9
1.8m-1.9m 11 8 1 0.1 8.3
1.9m-2m 4 6 2 0.3 4
2m-2.25m 7 10 2 0.2 4.2
2.25m-2.5m 7 15 2 0.4 2.8
2.5m-2.75m 6 1 0 36
2.75m-3m 12 2 0 36
3m-3.5m 6 5 2 0.1 7.2
3.5m-4m 5 1 0 30
4m-4.5m 6 2 1 0.1 18
4.5m-5m 6 0
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
11.01m-12m 2 0
12.01m-13m 1 0
14.01m-15m 1 1 0.2 6
19.01m-20m 1 0