Absorption Report

Land O' Lakes, Gibbons Grove

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 15% 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
201k-225k 1 0.2 0
226k-250k 2 2 0.2 6
251k-275k 2 3 1 0.3 4
276k-300k 4 2 0.1 12
301k-325k 1 5 0.8 1.2
326k-350k 7 14 3 0.3 3
351k-375k 11 15 0.2 4.4
376k-400k 18 34 9 0.3 3.2
401k-425k 19 42 6 0.4 2.7
426k-450k 36 52 7 0.2 4.2
451k-475k 36 52 9 0.2 4.2
476k-500k 66 93 19 0.2 4.3
501k-550k 117 170 29 0.2 4.1
551k-600k 133 153 22 0.2 5.2
601k-650k 125 105 21 0.1 7.1
651k-700k 163 105 22 0.1 9.3
701k-750k 116 97 18 0.1 7.2
751k-800k 128 77 15 0.1 10
801k-850k 88 71 7 0.1 7.4
851k-900k 92 63 12 0.1 8.8
901k-950k 63 36 5 0.1 10.5
951k-1m 78 51 12 0.1 9.2
1m-1.1m 77 65 15 0.1 7.1
1.1m-1.2m 106 63 13 0.1 10.1
1.2m-1.3m 71 31 8 0.1 13.7
1.3m-1.4m 60 32 8 0.1 11.3
1.4m-1.5m 54 32 5 0.1 10.1
1.5m-1.6m 43 21 7 0.1 12.3
1.6m-1.7m 40 14 4 0.1 17.1
1.7m-1.8m 45 23 6 0.1 11.7
1.8m-1.9m 38 21 2 0.1 10.9
1.9m-2m 40 19 4 0.1 12.6
2m-2.25m 44 26 7 0.1 10.2
2.25m-2.5m 55 21 3 0.1 15.7
2.5m-2.75m 31 21 5 0.1 8.9
2.75m-3m 46 13 3 0 21.2
3m-3.5m 66 23 6 0.1 17.2
3.5m-4m 43 16 5 0.1 16.1
4m-4.5m 35 11 3 0.1 19.1
4.5m-5m 30 14 2 0.1 12.9
5.01m-6m 62 19 5 0.1 19.6
6.01m-7m 39 5 2 0 46.8
7.01m-8m 39 4 0 58.5
8.01m-9m 23 8 4 0.1 17.3
9.01m-10m 27 5 3 0 32.4
10.01m-11m 10 3 0.1 20
11.01m-12m 16 6 1 0.1 16
12.01m-13m 11 1 1 0 66
13.01m-14m 11 2 1 0 33
14.01m-15m 13 0
15.01m-16m 9 1 0 54
16.01m-17m 5 2 0.1 15
17.01m-18m 3 0
18.01m-19m 3 0
19.01m-20m 4 0
20.01m-21m 3 1 0.1 18
21.01m-22m 6 0
22.01m-23m 1 0
23.01m-24m 3 0
25.01m-26m 4 1 0 24
27.01m-28m 2 0
28.01m-29m 1 0
29.01m-30m 1 0
32.01m-33m 1 0
34.01m-35m 3 0
43.01m-44m 1 0
44.01m-45m 1 0.2 0
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0
294.01m-295m 1 0

Townhouses 13% 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
201k-225k 1 0
276k-300k 2 4 1 0.3 3
301k-325k 1 1 0.2 6
326k-350k 2 4 0.3 3
351k-375k 3 8 1 0.4 2.3
376k-400k 7 6 1 0.1 7
401k-425k 7 8 1 0.2 5.3
426k-450k 13 10 1 0.1 7.8
451k-475k 16 10 0.1 9.6
476k-500k 19 9 1 0.1 12.7
501k-550k 17 10 3 0.1 10.2
551k-600k 11 6 2 0.1 11
601k-650k 1 2 1 0.3 3
651k-700k 2 1 0.1 12
701k-750k 2 0
751k-800k 1 1 1 0.2 6
1m-1.1m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 3 0

Condos 11% 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 0.2 0
101k-125k 1 4 1 0.7 1.5
126k-150k 6 7 2 0.2 5.1
151k-175k 18 8 2 0.1 13.5
176k-200k 29 29 2 0.2 6
201k-225k 38 50 10 0.2 4.6
226k-250k 48 41 8 0.1 7
251k-275k 64 64 9 0.2 6
276k-300k 131 86 18 0.1 9.1
301k-325k 88 83 11 0.2 6.4
326k-350k 132 80 15 0.1 9.9
351k-375k 100 56 8 0.1 10.7
376k-400k 112 64 13 0.1 10.5
401k-425k 77 55 11 0.1 8.4
426k-450k 89 44 10 0.1 12.1
451k-475k 49 32 3 0.1 9.2
476k-500k 94 36 9 0.1 15.7
501k-550k 112 41 6 0.1 16.4
551k-600k 91 47 5 0.1 11.6
601k-650k 71 34 6 0.1 12.5
651k-700k 60 25 7 0.1 14.4
701k-750k 42 33 5 0.1 7.6
751k-800k 51 19 4 0.1 16.1
801k-850k 39 13 2 0.1 18
851k-900k 52 23 2 0.1 13.6
901k-950k 30 20 4 0.1 9
951k-1m 39 16 5 0.1 14.6
1m-1.1m 34 21 3 0.1 9.7
1.1m-1.2m 50 18 5 0.1 16.7
1.2m-1.3m 38 15 2 0.1 15.2
1.3m-1.4m 38 11 2 0 20.7
1.4m-1.5m 26 7 4 0 22.3
1.5m-1.6m 19 10 0.1 11.4
1.6m-1.7m 13 7 0.1 11.1
1.7m-1.8m 27 2 0 81
1.8m-1.9m 18 8 1 0.1 13.5
1.9m-2m 24 12 2 0.1 12
2m-2.25m 25 7 1 0 21.4
2.25m-2.5m 42 6 0 42
2.5m-2.75m 29 7 1 0 24.9
2.75m-3m 27 8 3 0 20.3
3m-3.5m 38 7 1 0 32.6
3.5m-4m 22 9 1 0.1 14.7
4m-4.5m 15 3 2 0 30
4.5m-5m 11 3 2 0 22
5.01m-6m 6 7 2 0.2 5.1
6.01m-7m 15 4 1 0 22.5
7.01m-8m 10 0
8.01m-9m 5 0
9.01m-10m 3 1 0.1 18
10.01m-11m 4 1 0 24
11.01m-12m 3 0
12.01m-13m 2 0
14.01m-15m 1 0
16.01m-17m 1 0
19.01m-20m 1 0
27.01m-28m 1 0
29.01m-30m 2 0
44.01m-45m 1 0

Land 8% 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 10 6 1 0.1 10
26k-50k 28 16 5 0.1 10.5
51k-75k 56 26 3 0.1 12.9
76k-100k 63 23 8 0.1 16.4
101k-125k 47 27 10 0.1 10.4
126k-150k 67 35 6 0.1 11.5
151k-175k 28 20 2 0.1 8.4
176k-200k 43 14 3 0.1 18.4
201k-225k 22 5 1 0 26.4
226k-250k 39 6 0 39
251k-275k 12 1 0 72
276k-300k 38 5 1 0 45.6
301k-325k 15 2 0 45
326k-350k 13 5 2 0.1 15.6
351k-375k 5 2 2 0.1 15
376k-400k 19 5 2 0 22.8
401k-425k 4 2 0.1 12
426k-450k 15 3 2 0 30
451k-475k 7 4 0.1 10.5
476k-500k 20 3 0 40
501k-550k 10 3 0.1 20
551k-600k 9 1 0 54
601k-650k 3 3 0.2 6
651k-700k 8 1 0 48
701k-750k 8 0
751k-800k 18 0
801k-850k 5 1 1 0 30
851k-900k 3 0
901k-950k 6 0
951k-1m 5 0
1m-1.1m 11 1 0 66
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 3 0
1.4m-1.5m 6 0
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 4 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 3 0
2m-2.25m 4 1 0 24
2.25m-2.5m 7 1 1 0 42
2.5m-2.75m 8 1 0 48
2.75m-3m 10 0
3m-3.5m 14 1 1 0 84
3.5m-4m 7 1 1 0 42
4m-4.5m 4 0
4.5m-5m 7 3 1 0.1 14
5.01m-6m 8 0
6.01m-7m 4 0
7.01m-8m 8 0
8.01m-9m 1 0
9.01m-10m 2 0
10.01m-11m 1 1 0.2 0
19.01m-20m 1 0
21.01m-22m 1 0
23.01m-24m 1 0
24.01m-25m 1 0
31.01m-32m 1 0.2 0
62.01m-63m 1 0