Absorption Report

Land O' Lakes, Connerton Elementary 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
126k-150k 1 0.2 0
151k-175k 2 7 0.6 1.7
176k-200k 2 9 4 0.8 1.3
201k-225k 27 39 6 0.2 4.2
226k-250k 15 31 6 0.3 2.9
251k-275k 53 72 9 0.2 4.4
276k-300k 83 95 17 0.2 5.2
301k-325k 89 106 18 0.2 5
326k-350k 143 168 33 0.2 5.1
351k-375k 98 176 25 0.3 3.3
376k-400k 171 217 37 0.2 4.7
401k-425k 89 160 20 0.3 3.3
426k-450k 118 172 25 0.2 4.1
451k-475k 102 91 19 0.1 6.7
476k-500k 92 104 21 0.2 5.3
501k-550k 127 107 24 0.1 7.1
551k-600k 103 69 7 0.1 9
601k-650k 76 49 8 0.1 9.3
651k-700k 78 39 5 0.1 12
701k-750k 86 29 4 0.1 17.8
751k-800k 41 24 4 0.1 10.3
801k-850k 39 10 0 23.4
851k-900k 28 9 0.1 18.7
901k-950k 20 9 1 0.1 13.3
951k-1m 25 8 1 0.1 18.8
1m-1.1m 11 6 1 0.1 11
1.1m-1.2m 14 2 1 0 42
1.2m-1.3m 7 2 0 21
1.3m-1.4m 5 1 0 30
1.4m-1.5m 5 2 0.1 15
1.5m-1.6m 4 12 2 0.5 2
1.6m-1.7m 2 4 1 0.3 3
1.7m-1.8m 1 3 0.5 2
1.8m-1.9m 5 0
1.9m-2m 2 1 0.1 12
2.25m-2.5m 2 0
2.75m-3m 1 0
3m-3.5m 3 0
3.5m-4m 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
126k-150k 1 1 1 0.2 6
151k-175k 2 2 1 0.2 6
176k-200k 2 5 0.4 2.4
201k-225k 5 7 1 0.2 4.3
226k-250k 8 15 6 0.3 3.2
251k-275k 24 50 6 0.3 2.9
276k-300k 48 76 10 0.3 3.8
301k-325k 57 66 15 0.2 5.2
326k-350k 92 91 7 0.2 6.1
351k-375k 74 114 14 0.3 3.9
376k-400k 69 42 4 0.1 9.9
401k-425k 28 19 5 0.1 8.8
426k-450k 21 13 4 0.1 9.7
451k-475k 26 7 2 0 22.3
476k-500k 40 18 3 0.1 13.3
501k-550k 72 26 2 0.1 16.6
551k-600k 45 9 1 0 30
601k-650k 10 6 0.1 10
651k-700k 5 1 0 30

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
76k-100k 1 0
101k-125k 10 1 1.7 0
126k-150k 8 8 1 0.2 6
151k-175k 12 24 6 0.3 3
176k-200k 16 20 4 0.2 4.8
201k-225k 30 23 3 0.1 7.8
226k-250k 47 37 6 0.1 7.6
251k-275k 58 31 5 0.1 11.2
276k-300k 38 17 4 0.1 13.4
301k-325k 15 3 1 0 30
326k-350k 28 11 3 0.1 15.3
351k-375k 15 5 3 0.1 18
376k-400k 19 3 0 38
401k-425k 9 4 1 0.1 13.5
426k-450k 5 1 0 30
451k-475k 2 0
476k-500k 2 1 0.3 0
501k-550k 6 1 0 36
551k-600k 3 0
651k-700k 2 0
701k-750k 1 0
901k-950k 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
1k-25k 8 1 0 48
26k-50k 87 21 4 0 24.9
51k-75k 56 37 3 0.1 9.1
76k-100k 10 1 0 60
101k-125k 3 2 1 0.1 9
126k-150k 12 5 0.1 14.4
151k-175k 6 4 1 0.1 9
176k-200k 3 1 0.1 18
201k-225k 2 2 0.2 6
226k-250k 2 2 0.2 6
251k-275k 2 1 0.1 12
276k-300k 6 1 0 36
301k-325k 1 1 0.2 6
326k-350k 7 0
351k-375k 1 0
376k-400k 3 0
401k-425k 1 1 0.2 6
426k-450k 3 1 0.1 18
451k-475k 1 1 0.2 0
476k-500k 3 0
501k-550k 5 0
551k-600k 2 1 1 0.1 12
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 1 1 0.2 0
751k-800k 1 1 0.2 0
801k-850k 1 0
851k-900k 1 0
901k-950k 2 0
951k-1m 4 0
1m-1.1m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.9m-2m 3 0
2.25m-2.5m 2 0
3m-3.5m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 2 0
6.01m-7m 2 0
7.01m-8m 2 0
13.01m-14m 1 0