Absorption Report

Largo

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 1 0.2 0
176k-200k 2 0.3 0
201k-225k 1 2 0.3 3
226k-250k 2 7 2 0.6 1.7
251k-275k 3 6 1 0.3 3
276k-300k 5 13 3 0.4 2.3
301k-325k 16 11 1 0.1 8.7
326k-350k 20 18 1 0.2 6.7
351k-375k 24 17 3 0.1 8.5
376k-400k 34 14 2 0.1 14.6
401k-425k 19 14 2 0.1 8.1
426k-450k 17 9 1 0.1 11.3
451k-475k 12 12 0.2 6
476k-500k 29 12 4 0.1 14.5
501k-550k 22 22 3 0.2 6
551k-600k 30 14 1 0.1 12.9
601k-650k 19 8 3 0.1 14.3
651k-700k 10 3 1 0.1 20
701k-750k 7 1 0 42
751k-800k 4 2 0.1 12
801k-850k 1 0
851k-900k 2 1 0.1 12
951k-1m 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 1 0.2 0
201k-225k 1 0
226k-250k 1 0
326k-350k 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
101k-125k 1 1 0.2 6
126k-150k 5 0
151k-175k 7 2 0 21
176k-200k 3 2 0.1 9
201k-225k 3 4 1 0.2 4.5
226k-250k 6 1 0 36
251k-275k 2 1 1 0.1 12
276k-300k 1 0.2 0
351k-375k 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 18 43 5 0.4 2.5
26k-50k 211 55 3 0 23
51k-75k 113 24 0 28.3
76k-100k 30 2 1 0 90
101k-125k 12 0
126k-150k 3 0
151k-175k 2 1 0.1 12
176k-200k 5 0
276k-300k 1 0
301k-325k 1 0
326k-350k 2 0
401k-425k 1 0
426k-450k 1 1 0.2 6
751k-800k 1 0
851k-900k 1 0
1.1m-1.2m 1 1 0.2 6
1.4m-1.5m 2 0
2m-2.25m 1 1 0.2 0