Absorption Report

Lutz, Oak 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 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 1 0.2 0
26k-50k 2 0.3 0
51k-75k 1 2 0.3 3
76k-100k 1 8 2 1.3 0.8
101k-125k 3 20 1 1.1 0.9
126k-150k 20 49 9 0.4 2.4
151k-175k 52 95 13 0.3 3.3
176k-200k 88 158 27 0.3 3.3
201k-225k 130 225 34 0.3 3.5
226k-250k 219 353 44 0.3 3.7
251k-275k 224 387 48 0.3 3.5
276k-300k 348 498 71 0.2 4.2
301k-325k 307 381 58 0.2 4.8
326k-350k 255 245 35 0.2 6.2
351k-375k 147 166 26 0.2 5.3
376k-400k 120 116 19 0.2 6.2
401k-425k 61 80 11 0.2 4.6
426k-450k 49 67 12 0.2 4.4
451k-475k 22 47 8 0.4 2.8
476k-500k 31 35 6 0.2 5.3
501k-550k 39 38 9 0.2 6.2
551k-600k 29 33 6 0.2 5.3
601k-650k 30 26 0.1 6.9
651k-700k 21 15 3 0.1 8.4
701k-750k 11 9 0.1 7.3
751k-800k 12 6 2 0.1 12
801k-850k 9 8 1 0.1 6.8
851k-900k 7 5 0.1 8.4
901k-950k 5 4 1 0.1 7.5
951k-1m 11 9 2 0.1 7.3
1m-1.1m 11 3 1 0 22
1.1m-1.2m 10 3 0.1 20
1.2m-1.3m 7 4 1 0.1 10.5
1.3m-1.4m 3 3 0.2 6
1.4m-1.5m 6 1 0 36
1.5m-1.6m 5 1 0 30
1.6m-1.7m 4 0
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 3 0
1.9m-2m 4 1 0 24
2m-2.25m 3 3 1 0.2 6
2.25m-2.5m 9 2 1 0 27
2.5m-2.75m 4 0
2.75m-3m 7 0
3m-3.5m 5 0
3.5m-4m 7 1 1 0 42
4m-4.5m 3 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
13.01m-14m 1 0
14.01m-15m 1 0
26.01m-27m 1 0.2 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
101k-125k 1 0
126k-150k 3 1 0.5 0
151k-175k 2 2 0.2 6
176k-200k 3 5 1 0.3 3.6
201k-225k 8 7 2 0.1 6.9
226k-250k 15 38 3 0.4 2.4
251k-275k 11 10 0.2 6.6
276k-300k 1 1 0.2 6
301k-325k 1 0.2 0
326k-350k 1 0
476k-500k 1 0
651k-700k 1 0.2 0
751k-800k 1 2 1 0.3 3
801k-850k 1 1 1 0.2 6

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 2 0.3 0
76k-100k 3 4 1 0.2 4.5
101k-125k 4 20 4 0.8 1.2
126k-150k 18 23 3 0.2 4.7
151k-175k 14 7 1 0.1 12
176k-200k 5 2 0.1 15
201k-225k 3 2 0.1 9
226k-250k 3 2 0.1 9
451k-475k 2 0
476k-500k 2 0
501k-550k 1 0.2 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 66 202 24 0.5 2
26k-50k 256 407 49 0.3 3.8
51k-75k 105 85 18 0.1 7.4
76k-100k 58 25 3 0.1 13.9
101k-125k 18 6 0.1 18
126k-150k 12 8 2 0.1 9
151k-175k 9 2 1 0 27
176k-200k 10 2 1 0 30
201k-225k 4 6 1 0.3 4
226k-250k 10 7 0.1 8.6
251k-275k 1 2 1 0.3 3
276k-300k 9 1 0 54
301k-325k 5 1 0 30
326k-350k 6 3 1 0.1 12
351k-375k 2 2 1 0.2 6
376k-400k 3 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 0
476k-500k 11 2 0 33
501k-550k 5 2 0.1 15
551k-600k 9 0
601k-650k 1 1 0.2 6
651k-700k 4 1 0 24
701k-750k 5 1 0 30
751k-800k 5 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 0
901k-950k 1 1 0.2 6
951k-1m 6 0
1m-1.1m 1 0
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 3 1 0.3 4
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 7 2 0 21
1.6m-1.7m 2 0
1.7m-1.8m 4 0
1.8m-1.9m 1 0
1.9m-2m 1 1 0.2 6
2m-2.25m 2 0
2.25m-2.5m 2 0
2.75m-3m 3 0
3m-3.5m 3 0
3.5m-4m 1 1 0.2 6
4m-4.5m 2 0.3 0
4.5m-5m 1 0
5.01m-6m 4 0
6.01m-7m 1 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0
11.01m-12m 1 0
12.01m-13m 1 0
31.01m-32m 1 0.2 0