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
151k-175k 2 0.3 0
176k-200k 6 1 1 0
201k-225k 3 8 1 0.4 2.3
226k-250k 5 22 3 0.7 1.4
251k-275k 9 25 4 0.5 2.2
276k-300k 22 33 4 0.3 4
301k-325k 19 45 3 0.4 2.5
326k-350k 50 80 7 0.3 3.8
351k-375k 38 62 6 0.3 3.7
376k-400k 63 85 20 0.2 4.4
401k-425k 42 53 6 0.2 4.8
426k-450k 66 67 5 0.2 5.9
451k-475k 42 44 5 0.2 5.7
476k-500k 58 60 7 0.2 5.8
501k-550k 63 84 10 0.2 4.5
551k-600k 63 74 4 0.2 5.1
601k-650k 36 60 6 0.3 3.6
651k-700k 45 49 2 0.2 5.5
701k-750k 27 29 5 0.2 5.6
751k-800k 17 33 3 0.3 3.1
801k-850k 9 22 2 0.4 2.5
851k-900k 15 15 2 0.2 6
901k-950k 7 11 3 0.3 3.8
951k-1m 5 7 1 0.2 4.3
1m-1.1m 8 15 1 0.3 3.2
1.1m-1.2m 4 9 3 0.4 2.7
1.2m-1.3m 4 5 1 0.2 4.8
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 7 2 0 21
1.6m-1.7m 2 0
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 1 0
2.25m-2.5m 2 1 1 0.1 12
2.5m-2.75m 3 0.5 0
2.75m-3m 1 0
3m-3.5m 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
176k-200k 1 0.2 0
201k-225k 4 0.7 0
251k-275k 2 0
276k-300k 1 0.2 0
301k-325k 3 3 1 0.2 6
326k-350k 7 3 1 0.1 14
351k-375k 1 1 1 0.2 6
376k-400k 2 0.3 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
651k-700k 1 0.2 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
51k-75k 1 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 1 0.2 0
151k-175k 3 11 3 0.6 1.6
176k-200k 15 13 1 0.1 6.9
201k-225k 11 22 0.3 3
226k-250k 27 25 4 0.2 6.5
251k-275k 27 20 3 0.1 8.1
276k-300k 45 20 5 0.1 13.5
301k-325k 20 28 3 0.2 4.3
326k-350k 19 15 0.1 7.6
351k-375k 15 13 1 0.1 6.9
376k-400k 12 12 2 0.2 6
401k-425k 11 9 0.1 7.3
426k-450k 7 13 3 0.3 3.2
451k-475k 4 4 0.2 6
476k-500k 7 6 1 0.1 7
501k-550k 6 3 0.1 12
551k-600k 2 7 0.6 1.7
601k-650k 1 4 1 0.7 1.5
651k-700k 1 4 0.7 1.5
701k-750k 1 4 1 0.7 1.5
751k-800k 1 1 0.2 6
801k-850k 4 1 0 24
851k-900k 1 2 0.3 3
901k-950k 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.6m-1.7m 1 0
3.5m-4m 1 0.2 0
4m-4.5m 1 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
26k-50k 1 2 0.3 3
51k-75k 5 9 1 0.3 3.3
76k-100k 14 10 2 0.1 8.4
101k-125k 9 3 0.1 18
126k-150k 2 1 0.1 12
151k-175k 3 1 0.1 18
176k-200k 2 0
201k-225k 1 0
251k-275k 1 0.2 0
276k-300k 3 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0
476k-500k 1 0
601k-650k 1 0
651k-700k 2 0
751k-800k 1 0
901k-950k 3 0
951k-1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0