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

Condos 22% 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 1 0.2 0
76k-100k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 2 11 2 0.9 1.1
201k-225k 3 18 1 1 1
226k-250k 6 18 2 0.5 2
251k-275k 19 24 6 0.2 4.8
276k-300k 22 22 3 0.2 6
301k-325k 20 18 2 0.2 6.7
326k-350k 34 26 6 0.1 7.8
351k-375k 20 9 3 0.1 13.3
376k-400k 22 22 5 0.2 6
401k-425k 6 12 0.3 3
426k-450k 16 7 2 0.1 13.7
451k-475k 2 12 2 1 1
476k-500k 21 17 3 0.1 7.4
501k-550k 28 30 3 0.2 5.6
551k-600k 21 23 8 0.2 5.5
601k-650k 10 21 3 0.4 2.9
651k-700k 16 19 4 0.2 5.1
701k-750k 9 16 1 0.3 3.4
751k-800k 6 16 3 0.4 2.3
801k-850k 8 12 0.3 4
851k-900k 9 9 1 0.2 6
901k-950k 3 7 0.4 2.6
951k-1m 3 6 0.3 3
1m-1.1m 2 6 1 0.5 2
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 3 4 0.2 4.5
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0.3 0
1.5m-1.6m 2 3 0.3 4
1.6m-1.7m 1 2 1 0.3 3
1.8m-1.9m 1 0.2 0
1.9m-2m 1 2 2 0.3 3
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 1 0.2 0
2.5m-2.75m 3 0.5 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0