Absorption Report

Ridge Community High School, Davenport, Haines City, FL

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 0% 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
151k-175k 1 0
226k-250k 2 2 0.2 6
251k-275k 1 1 0.2 6
276k-300k 2 12 1 1
301k-325k 15 48 8 0.5 1.9
326k-350k 23 61 8 0.4 2.3
351k-375k 31 52 9 0.3 3.6
376k-400k 28 57 8 0.3 2.9
401k-425k 19 14 0.1 8.1
426k-450k 28 19 3 0.1 8.8
451k-475k 7 15 3 0.4 2.8
476k-500k 14 5 0.1 16.8
501k-550k 11 12 1 0.2 5.5
551k-600k 9 7 1 0.1 7.7
601k-650k 3 0
651k-700k 1 0
701k-750k 5 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0
951k-1m 2 0

Townhouses 0% 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
226k-250k 1 4 3 0.7 1.5
251k-275k 22 43 7 0.3 3.1
276k-300k 30 23 5 0.1 7.8
301k-325k 28 66 11 0.4 2.5
326k-350k 12 11 1 0.2 6.5
351k-375k 6 1 0
376k-400k 3 7 1 0.4 2.6
401k-425k 6 2 0.1 18
426k-450k 3 0
451k-475k 2 0
476k-500k 1 0

Condos 0% 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
176k-200k 1 0.2 0
201k-225k 2 4 2 0.3 3
226k-250k 1 1 0.2 6
251k-275k 1 0

Land 0% 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
26k-50k 1 0.2 0
76k-100k 2 0
151k-175k 1 0
176k-200k 1 0
251k-275k 1 0
326k-350k 1 0.2 0
1.9m-2m 1 0