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

Townhouses 17% 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
101k-125k 1 2 1 0.3 3
126k-150k 4 3 1 0.1 8
151k-175k 10 13 4 0.2 4.6
176k-200k 22 37 5 0.3 3.6
201k-225k 22 46 6 0.3 2.9
226k-250k 33 57 10 0.3 3.5
251k-275k 28 45 7 0.3 3.7
276k-300k 36 60 13 0.3 3.6
301k-325k 52 73 10 0.2 4.3
326k-350k 34 70 14 0.3 2.9
351k-375k 27 53 12 0.3 3.1
376k-400k 30 57 6 0.3 3.2
401k-425k 16 38 6 0.4 2.5
426k-450k 14 34 6 0.4 2.5
451k-475k 11 24 6 0.4 2.8
476k-500k 19 16 2 0.1 7.1
501k-550k 19 29 7 0.3 3.9
551k-600k 15 27 9 0.3 3.3
601k-650k 11 22 5 0.3 3
651k-700k 19 23 8 0.2 5
701k-750k 8 13 1 0.3 3.7
751k-800k 5 6 0.2 5
801k-850k 4 2 0.1 12
851k-900k 3 1 0.1 18
901k-950k 5 1 0 30
951k-1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 3 1 0.5 2
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
1.9m-2m 1 1 1 0.2 6
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
4m-4.5m 1 1 0.2 0