Absorption Report

DeLand, Southwestern Middle School


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 Since 12/31 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
151k-175k 1 1 0.2 6
176k-200k 1 2 0.3 3
201k-225k 2 4 0.3 3
226k-250k 5 1 0.8 0
251k-275k 3 12 3 0.7 1.5
276k-300k 14 23 2 0.3 3.7
301k-325k 20 53 12 0.4 2.3
326k-350k 63 89 19 0.2 4.2
351k-375k 89 69 13 0.1 7.7
376k-400k 79 53 13 0.1 8.9
401k-425k 40 33 6 0.1 7.3
426k-450k 49 25 3 0.1 11.8
451k-475k 24 12 3 0.1 12
476k-500k 19 9 2 0.1 12.7
501k-550k 18 16 1 0.1 6.8
551k-600k 10 9 3 0.2 6.7
601k-650k 7 3 0.1 14
651k-700k 3 2 0.1 9
701k-750k 2 1 0.1 12
751k-800k 4 0
801k-850k 2 0
851k-900k 1 0.2 0
901k-950k 1 0
1.8m-1.9m 1 0.2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
251k-275k 2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 2 0.5 0
301k-325k 1 0