Absorption Rate The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
January
Single-Family Detached
Year-Over-Year Change
Single-Family Attached
Year-Over-Year Change
Feb-2019
2.4
-17.2%
2.4
-7.7%
Mar-2019
2.4
-17.2%
2.4
-14.3%
Apr-2019
2.4
-22.6%
2.4
-14.3%
May-2019
2.6
-21.2%
2.6
-7.1%
Jun-2019
2.7
-25.0%
2.6
-13.3%
Jul-2019
2.6
-29.7%
2.6
-13.3%
Aug-2019
2.7
-22.9%
2.5
-24.2%
Sep-2019
2.6
-23.5%
2.4
-20.0%
Oct-2019
2.5
-24.2%
2.3
-25.8%
Nov-2019
2.2
-29.0%
2.0
-31.0%
Dec-2019
1.8
-33.3%
1.6
-30.4%
Jan-2020
1.5
-42.3%
1.4
-39.1%
12-Month Avg*
2.4
-24.9%
2.2
-20.1%
Absorption Rate
3.0
2.7
2.6
2.3 1.5
1.4
2018
2019
2020
2018
2019
2020
- 11.8%
- 13.3%
- 42.3%
- 25.0%
- 14.8%
- 39.1%
Single-Family Detached
* Absorption Rate for all properties from February 2019 through January 2020. This is not the average of the individual figures above.
Single-Family Attached
Historical Absorption Rate by Month
Single-Family Detached
Single-Family Attached
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
1-2020
Current as of February 5, 2020. All data from the Southwest Multiple Listing Service. Report Š 2020 ShowingTime. | 13
