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

Land 5% 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
1k-25k 255 138 17 0.1 11.1
26k-50k 152 159 31 0.2 5.7
51k-75k 134 63 13 0.1 12.8
76k-100k 103 40 8 0.1 15.5
101k-125k 63 19 3 0.1 19.9
126k-150k 78 29 7 0.1 16.1
151k-175k 45 13 2 0 20.8
176k-200k 55 12 1 0 27.5
201k-225k 34 13 2 0.1 15.7
226k-250k 37 13 4 0.1 17.1
251k-275k 17 10 2 0.1 10.2
276k-300k 29 6 1 0 29
301k-325k 12 1 0 72
326k-350k 17 4 2 0 25.5
351k-375k 7 3 0.1 14
376k-400k 14 2 0 42
401k-425k 10 1 1 0 60
426k-450k 9 0
451k-475k 6 2 0.1 18
476k-500k 17 4 1 0 25.5
501k-550k 7 1 0 42
551k-600k 14 7 1 0.1 12
601k-650k 6 0
651k-700k 7 0
701k-750k 9 1 0 54
751k-800k 7 1 1 0 42
801k-850k 3 1 0.1 18
851k-900k 6 2 0.1 18
901k-950k 1 1 0.2 6
951k-1m 7 0
1m-1.1m 5 0
1.1m-1.2m 8 0
1.2m-1.3m 3 0
1.3m-1.4m 4 0
1.4m-1.5m 5 0
1.5m-1.6m 3 0
1.6m-1.7m 2 0
1.7m-1.8m 2 2 1 0.2 6
1.8m-1.9m 2 0
1.9m-2m 5 0
2m-2.25m 5 0
2.25m-2.5m 6 1 0 36
2.5m-2.75m 1 0
2.75m-3m 5 0
3m-3.5m 11 0
3.5m-4m 4 0
4m-4.5m 3 0
4.5m-5m 2 0
5.01m-6m 4 0
6.01m-7m 1 1 0.2 6
7.01m-8m 4 0
8.01m-9m 4 0
9.01m-10m 1 0
10.01m-11m 1 0
18.01m-19m 1 0
23.01m-24m 1 0
82.01m-83m 1 0