Rochester MN Absorption Rates – Supply and Demand of Housing

$150 – $199k $200 – $299k $300 – $399k $400 – $499k $500 – $749k $750 – 999k 1 Million +
10-2017 0.6 Months 1.2 Months 2.4 Months 3.9 Months 4.7 Months 5.2 Months 6.0 Months
9-2017 0.7 Months 1.5 Months 2.4 Months 4.5 Months 5.2 Months 7.7 Months 6.0 Months
8-2017 0.5 Months 1.4 Months 2.2 Months 3.8 Months 6.1 Months 7.0 Months 4.2 Months
7-2017 0.7 Months 1.3 Months 2.3 Months 4.1 Months 7.2 Months 8.8 Months 3.4 Months
6-2017 0.4 Months 1.0 Months 2.5 Months 3.8 Months 8.1 Months 8.5 Months 4.0 Months
5-2017 0.4 Months 0.9 Months 2.4 Months 4.2 Months 7.4 Months 16 Months 6.0 Months
4-2017 0.3 Months 0.7 Months 2.3 Months 4.3 Months 7.2 Months 10.7 Months 7.2 Months
3-2017 0.3 Months 0.5 Months 2.0 Months 4.5 Months 6.1 Months 12 Months 6.5 Months
2-2017 0.3 Months 0.8 Months 1.5 Months 3.7 Months 6.0 Months 16 Months 3.0 Months
1-2017 0.4 Months 0.6 Months 1.7 Months 3.5 Months 5.6 Months 18 Months 2.4 Months
12-2016 0.5 Months 0.9 Months 1.9 Months 3.9 Months 5.2 Months 20 Months 4.3 Months
11-2016 0.7 Months 1.1 Months 2.3 Months 4.1 Months 6.3 Months 18 Months 5.4 Months
10-2016 0.5 Months 0.8 Months 2.2 Months 3.7 Months 5.9 Months 21 Months 5.4 Months
9-2016 0.2 Months 0.5 Months 1.7 Months 3.0 Months 5.3 Months 18 Months 6.7 Months
8-2016 0.8 Months 1.1 Months 2.9 Months 6.7 Months 7.4 Months 21 Months 6 Months
7-2016 0.4 Months 0.7 Months 2.2 Months 5.8 Months 6.6 Months 15 Months 6.7 Months
6-2016 0.2 Months 0.3 Months 1.6 Months 4.1 Months 5.4 Months 12 Months 5.4 Months
5-2016 0.1 Months 0.2 Months 1.1 Months 3.7 Months 4.7 Months 9.4 Months 5.0 Months
4-2016 0.1 Months 0.1 Months 0.7 Months 2.5 Months 4.6 Months 9.4 Months 6.0 Months
3-2016 0.1 Months 0.1 Months 0.4 Months 1.9 Months 4.1 Months 7.2 Months 4.3 Months
2-2016 0.6 Months 1.2 Months 1.8 Months 3.5 Months 10.7 Months 6.0 Months 4.4 Months
1-2016 0.3 Months 0.7 Months 2.7 Months 2.9 Months 6.3 Months 5.6 Months 4.5 Months
2015 1.0 Months 1.7 Months 4.3 Months 5.2 Months 7.6 Months 14.4 Months 15.7 Months
2014 1.5 Months 2.4 Months 5.0 Months 6.4 Months 8.0 Months 20.0 Months 17 Months
2013 1.7 Months 2.8 Months 5.4 Months 6.8 Months 9.9 Months 11.3 Months 28 Months
2012 3.8 Months 4.4 Months 7.2 Months 8.6 Months 9.1 Months 7.1 Months 21 Months
2011 5.6 Months 6.9 Months 12.4 Months 8.7 Months 16.7 Months 27.3 Months 14 Months
2010 5.3 Months 8.6 Months 13.3 Months 13.1 Months 22.4 Months 44.8 Months 48 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 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