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 31% 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
51k-75k 1 3 1 0.5 2
76k-100k 2 4 1 0.3 3
101k-125k 3 0
126k-150k 2 9 0.8 1.3
151k-175k 15 2 2.5 0
176k-200k 3 12 4 0.7 1.5
201k-225k 2 18 2 1.5 0.7
226k-250k 13 32 5 0.4 2.4
251k-275k 7 34 4 0.8 1.2
276k-300k 19 53 9 0.5 2.2
301k-325k 14 45 7 0.5 1.9
326k-350k 29 64 15 0.4 2.7
351k-375k 18 65 8 0.6 1.7
376k-400k 16 46 11 0.5 2.1
401k-425k 19 38 3 0.3 3
426k-450k 22 44 5 0.3 3
451k-475k 11 37 6 0.6 1.8
476k-500k 17 37 6 0.4 2.8
501k-550k 33 42 3 0.2 4.7
551k-600k 26 47 10 0.3 3.3
601k-650k 12 27 6 0.4 2.7