Absorption Report

Leesburg, FL, House

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 Last 6 Months 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 0.2 0
51k-75k 2 1 0.3 0
101k-125k 1 7 1.2 0.9
126k-150k 5 7 1 0.2 4.3
151k-175k 3 13 0.7 1.4
176k-200k 13 19 2 0.2 4.1
201k-225k 19 25 5 0.2 4.6
226k-250k 33 42 7 0.2 4.7
251k-275k 29 45 7 0.3 3.9
276k-300k 49 63 8 0.2 4.7
301k-325k 30 47 6 0.3 3.8
326k-350k 65 65 12 0.2 6
351k-375k 53 47 5 0.1 6.8
376k-400k 45 28 5 0.1 9.6
401k-425k 23 16 2 0.1 8.6
426k-450k 22 19 6 0.1 6.9
451k-475k 5 9 3 0.3 3.3
476k-500k 6 8 2 0.2 4.5
501k-550k 9 5 2 0.1 10.8
551k-600k 8 4 1 0.1 12
601k-650k 6 2 0.1 18
651k-700k 3 2 1 0.1 9
701k-750k 3 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0.3 0
901k-950k 1 0
951k-1m 1 0
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
2.25m-2.5m 1 0.2 0
4.5m-5m 1 0