Housing Absorption Rates Rochester MN

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	$150 - $199k	$200 - $299k	$300 - $399k	$400 - $499k	$500 - $749k	$750 - 999k	1 Million +
12-11	5.6 Months	8.41 Months	12.4 Months	10.7 Months	11.6 Months	14.1 Months	12 Months
11-11	3.6 Months	5.6 Months	9.4 Months	4.6 Months	6.7 Months	8.7 Months	6 Months
10-11	4.1 Months	6.0 Months	12.3 Months	6.2 Months	7.2 Months	8.1 Months	6 Months
9-11	4.7 Months	6.4 Months	13.5 Months	7.5 Months	9.2 Months	7.2 Months	8 Months
8-11	4.6 Months	6.2 Months	12.6 Months	7.8 Months	7.5 Months	10.5 Months	7.2 Months
7-11	9.0 Months	10.6 Months	18.0 Months	14.7 Months	18.8 Months	18 Months	18 Months
6-11	6.4 Months	6.7 Months	13.0 Months	7.7 Months	14.5 Months	21 Months	8 Months
5-11	6.7 Months	8.2 Months	14.0 Months	8.0 Months	16.8 Months	48 Months	30 Months
4-11	7.0 Months	7.4 Months	13.8 Months	9.7 Months	19.4 Months	48 Months	24 Months
3-11	6.8 Months	7.3 Months	12.9 Months	11.3 Months	21.2 Months	54 Months	24 Months
2-11	5.5 Months	6.2 Months	9.7 Months	9.7 Months	19.3 Months	54 Months	12 Months
1-11	3.2 Months	3.6 Months	7.5 Months	6.5 Months	12 Months	36 Months	12 Months
2010	5.3 Months	8.6 Months	13.3 Months	13.1 Months	22.4 Months	44.8 Months	48.5 Months
2009	4.5 Months	6.8 Months	9.0 Months	10.0 Months	16.8 Months	25.4 Months	60 Months
2008	4.9 Months	6.1 Months	9.2 Months	10.8 Months	12.3 Months	14.3 Months	20.5 Months

Absorption rate is the analysis of supply and demand for housing relative to a price range. It answers the question, how long would it take to sell off the current housing inventory if another house did not come on the market? The National Association of REALTORS states that an absorption rate of less then 6 months starts to favor the Seller and an absorption rate greater then 6 months starts to favor the buyer.  Rising or declining price trends can be predicted based on absorption rate numbers. The higher the absorption rate, the more downward pressure on prices due to an over supply of housing inventory. The lower the absorption rate, prices will tend to rise due to a tighter supply of housing inventory.

Data supplied from the Southeast Minnesota Association of REALTORS Multiple Listing Service (MLS) and compiled by Shawn Buryska, CRS, GRI, ESA – Coldwell Banker Burnet Realty, Rochester Minnesota 55901

Data parameters: Property type - Residential; Type of Property - Single Family; List Price - See table above; City - Rochester; Dates - 12 months back from the end of the last month