Absorption Report

Dunnellon, Rainbow Lakes Estates

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 17% 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
1k-25k 1 2 0.3 3
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 1 9 1 1.5 0.7
151k-175k 7 14 5 0.3 3
176k-200k 7 23 5 0.5 1.8
201k-225k 9 20 2 0.4 2.7
226k-250k 20 32 6 0.3 3.8
251k-275k 22 33 5 0.3 4
276k-300k 34 50 9 0.2 4.1
301k-325k 46 62 6 0.2 4.5
326k-350k 58 86 8 0.2 4
351k-375k 83 71 12 0.1 7
376k-400k 115 109 24 0.2 6.3
401k-425k 70 83 11 0.2 5.1
426k-450k 96 87 18 0.2 6.6
451k-475k 64 57 6 0.1 6.7
476k-500k 102 65 17 0.1 9.4
501k-550k 129 108 10 0.1 7.2
551k-600k 125 96 14 0.1 7.8
601k-650k 89 81 17 0.2 6.6
651k-700k 76 47 9 0.1 9.7
701k-750k 45 36 6 0.1 7.5
751k-800k 46 32 9 0.1 8.6
801k-850k 30 29 10 0.2 6.2
851k-900k 26 9 2 0.1 17.3
901k-950k 22 17 3 0.1 7.8
951k-1m 32 11 5 0.1 17.5
1m-1.1m 16 14 6 0.1 6.9
1.1m-1.2m 28 17 7 0.1 9.9
1.2m-1.3m 18 10 5 0.1 10.8
1.3m-1.4m 11 8 1 0.1 8.3
1.4m-1.5m 16 6 3 0.1 16
1.5m-1.6m 13 6 4 0.1 13
1.6m-1.7m 10 7 3 0.1 8.6
1.7m-1.8m 3 8 2 0.4 2.3
1.8m-1.9m 10 3 0.1 20
1.9m-2m 7 1 0 42
2m-2.25m 7 5 0.1 8.4
2.25m-2.5m 9 4 0.1 13.5
2.5m-2.75m 9 0
2.75m-3m 11 2 1 0 33
3m-3.5m 6 5 3 0.1 7.2
3.5m-4m 8 0
4m-4.5m 3 1 0.1 18
4.5m-5m 2 1 0.1 12
5.01m-6m 6 1 0 36
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
17.01m-18m 1 0.2 0

Townhouses 7% 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
76k-100k 1 0
126k-150k 3 4 1 0.2 4.5
151k-175k 6 5 2 0.1 7.2
176k-200k 12 9 0.1 8
201k-225k 13 16 2 0.2 4.9
226k-250k 26 18 3 0.1 8.7
251k-275k 19 16 5 0.1 7.1
276k-300k 30 24 3 0.1 7.5
301k-325k 29 12 0.1 14.5
326k-350k 40 18 0.1 13.3
351k-375k 17 11 0.1 9.3
376k-400k 15 1 0 90
401k-425k 3 1 1 0.1 18
426k-450k 3 0
451k-475k 2 0
476k-500k 3 0
501k-550k 3 0
551k-600k 1 0.2 0
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0

Condos 9% 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
51k-75k 2 0
76k-100k 10 11 2 0.2 5.5
101k-125k 21 24 4 0.2 5.3
126k-150k 50 38 10 0.1 7.9
151k-175k 66 50 6 0.1 7.9
176k-200k 107 60 10 0.1 10.7
201k-225k 112 60 9 0.1 11.2
226k-250k 127 50 13 0.1 15.2
251k-275k 96 48 7 0.1 12
276k-300k 148 47 5 0.1 18.9
301k-325k 112 43 7 0.1 15.6
326k-350k 116 29 3 0 24
351k-375k 74 21 4 0 21.1
376k-400k 84 25 7 0 20.2
401k-425k 34 12 5 0.1 17
426k-450k 51 17 3 0.1 18
451k-475k 30 21 5 0.1 8.6
476k-500k 27 11 4 0.1 14.7
501k-550k 35 18 3 0.1 11.7
551k-600k 17 7 1 0.1 14.6
601k-650k 10 2 1 0 30
651k-700k 11 2 0 33
701k-750k 10 3 1 0.1 20
751k-800k 8 0
801k-850k 4 3 0.1 8
851k-900k 13 1 0 78
901k-950k 2 0
951k-1m 4 1 1 0 24
1m-1.1m 1 0
1.1m-1.2m 7 3 0.1 14
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 7 0
1.4m-1.5m 3 0
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 10% 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
1k-25k 18 28 5 0.3 3.9
26k-50k 55 59 17 0.2 5.6
51k-75k 74 35 11 0.1 12.7
76k-100k 55 7 1 0 47.1
101k-125k 13 6 1 0.1 13
126k-150k 30 6 0 30
151k-175k 22 7 1 0.1 18.9
176k-200k 27 5 1 0 32.4
201k-225k 20 2 1 0 60
226k-250k 16 3 0 32
251k-275k 17 4 1 0 25.5
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 6 0
351k-375k 3 0
376k-400k 2 0
426k-450k 5 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 10 2 0 30
601k-650k 5 3 0.1 10
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 1 0.1 18
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0