Absorption Report

Indian Shores


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
126k-150k 1 0.2 0
226k-250k 3 2 0.5 0
251k-275k 1 0
276k-300k 8 2 1.3 0
301k-325k 3 12 4 0.7 1.5
326k-350k 21 36 3 0.3 3.5
351k-375k 11 69 10 1 1
376k-400k 25 73 11 0.5 2.1
401k-425k 30 90 11 0.5 2
426k-450k 28 72 6 0.4 2.3
451k-475k 34 95 21 0.5 2.1
476k-500k 30 72 12 0.4 2.5
501k-550k 33 93 14 0.5 2.1
551k-600k 43 68 13 0.3 3.8
601k-650k 22 63 11 0.5 2.1
651k-700k 31 48 10 0.3 3.9
701k-750k 23 29 5 0.2 4.8
751k-800k 21 21 5 0.2 6
801k-850k 7 16 2 0.4 2.6
851k-900k 8 7 0.1 6.9
901k-950k 4 9 0.4 2.7
951k-1m 9 7 1 0.1 7.7
1m-1.1m 3 8 1 0.4 2.3
1.1m-1.2m 6 8 1 0.2 4.5
1.2m-1.3m 7 8 2 0.2 5.3
1.3m-1.4m 6 7 0.2 5.1
1.4m-1.5m 3 2 0.1 9
1.5m-1.6m 4 2 0.1 12
1.9m-2m 1 0
2.25m-2.5m 1 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
151k-175k 1 0.2 0
201k-225k 5 1 0.8 0
226k-250k 4 9 3 0.4 2.7
251k-275k 2 9 2 0.8 1.3
276k-300k 17 24 4 0.2 4.3
301k-325k 31 105 14 0.6 1.8
326k-350k 18 83 15 0.8 1.3
351k-375k 7 16 1 0.4 2.6
376k-400k 2 6 3 0.5 2
401k-425k 9 2 0 27
426k-450k 2 4 2 0.3 3
451k-475k 2 5 3 0.4 2.4
476k-500k 1 2 1 0.3 3
501k-550k 2 3 0.3 4
551k-600k 1 1 0.2 6
651k-700k 1 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
176k-200k 2 0.3 0
226k-250k 1 1 0.2 0
276k-300k 2 0
301k-325k 1 0
326k-350k 3 0
351k-375k 1 1 0.2 6
376k-400k 2 0
501k-550k 1 0.2 0

Land 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
1k-25k 2 1 0.3 0
26k-50k 3 0
76k-100k 2 0
101k-125k 2 0
126k-150k 2 5 2 0.4 2.4
151k-175k 4 1 0 24
176k-200k 4 2 1 0.1 12
201k-225k 1 3 0.5 2
226k-250k 1 2 0.3 3
376k-400k 2 0
401k-425k 1 0.2 0
651k-700k 1 0
751k-800k 2 0
1m-1.1m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 3 1 0.1 18
2.25m-2.5m 3 0
2.75m-3m 1 0
3.5m-4m 2 0