Absorption Report

85396, House

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 12% 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
276k-300k 2 0.3 0
301k-325k 4 6 0.3 4
326k-350k 17 33 3 0.3 3.1
351k-375k 15 30 4 0.3 3
376k-400k 22 38 8 0.3 3.5
401k-425k 20 45 3 0.4 2.7
426k-450k 37 48 7 0.2 4.6
451k-475k 27 33 7 0.2 4.9
476k-500k 31 38 2 0.2 4.9
501k-550k 36 54 7 0.3 4
551k-600k 47 42 10 0.1 6.7
601k-650k 29 25 2 0.1 7
651k-700k 16 25 4 0.3 3.8
701k-750k 12 12 1 0.2 6
751k-800k 13 15 1 0.2 5.2
801k-850k 2 7 0.6 1.7
851k-900k 5 5 3 0.2 6
901k-950k 4 3 0.1 8
951k-1m 4 5 0.2 4.8
1m-1.1m 4 2 0.1 12
1.1m-1.2m 1 3 1 0.5 2
1.2m-1.3m 7 4 0.1 10.5
1.3m-1.4m 2 0.3 0
1.4m-1.5m 2 0.3 0
1.5m-1.6m 2 0
1.7m-1.8m 2 1 0.3 0
1.8m-1.9m 1 1 0.2 6
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0.2 0
4m-4.5m 2 0
5.01m-6m 1 1 0.2 0