Absorption Report

Oldsmar

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 5% 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 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 2 0.3 3
126k-150k 1 7 1 1.2 0.9
151k-175k 7 4 1 0.1 10.5
176k-200k 7 10 2 0.2 4.2
201k-225k 10 7 1 0.1 8.6
226k-250k 14 15 3 0.2 5.6
251k-275k 19 31 3 0.3 3.7
276k-300k 54 54 6 0.2 6
301k-325k 49 51 7 0.2 5.8
326k-350k 86 70 11 0.1 7.4
351k-375k 66 78 13 0.2 5.1
376k-400k 87 70 7 0.1 7.5
401k-425k 53 39 4 0.1 8.2
426k-450k 67 58 9 0.1 6.9
451k-475k 28 44 8 0.3 3.8
476k-500k 44 36 3 0.1 7.3
501k-550k 65 57 7 0.1 6.8
551k-600k 50 46 5 0.2 6.5
601k-650k 42 53 7 0.2 4.8
651k-700k 32 32 7 0.2 6
701k-750k 35 36 4 0.2 5.8
751k-800k 21 29 2 0.2 4.3
801k-850k 12 19 0.3 3.8
851k-900k 20 15 0.1 8
901k-950k 22 12 2 0.1 11
951k-1m 16 8 2 0.1 12
1m-1.1m 16 10 0.1 9.6
1.1m-1.2m 12 8 0.1 9
1.2m-1.3m 8 5 1 0.1 9.6
1.3m-1.4m 3 6 0.3 3
1.4m-1.5m 5 5 0.2 6
1.5m-1.6m 5 4 1 0.1 7.5
1.6m-1.7m 6 2 0.1 18
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 3 1 0.1 18
1.9m-2m 4 3 2 0.1 8
2m-2.25m 5 0
2.25m-2.5m 5 1 1 0 30
2.5m-2.75m 2 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
4.5m-5m 1 0

Townhouses 14% 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
201k-225k 1 0.2 0
226k-250k 4 1 1 0 24
251k-275k 1 1 0.2 6
301k-325k 1 1 0.2 6
326k-350k 3 4 1 0.2 4.5
351k-375k 5 2 1 0.1 15
376k-400k 1 2 0.3 3
426k-450k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6

Condos 3% 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 2 0.3 0
101k-125k 4 4 1 0.2 6
126k-150k 11 7 1 0.1 9.4
151k-175k 25 21 2 0.1 7.1
176k-200k 36 20 2 0.1 10.8
201k-225k 22 22 2 0.2 6
226k-250k 16 19 0.2 5.1
251k-275k 31 30 5 0.2 6.2
276k-300k 41 19 3 0.1 12.9
301k-325k 28 18 4 0.1 9.3
326k-350k 24 9 1 0.1 16
351k-375k 24 11 0.1 13.1
376k-400k 25 10 2 0.1 15
401k-425k 20 11 2 0.1 10.9
426k-450k 25 6 0 25
451k-475k 8 6 1 0.1 8
476k-500k 10 7 1 0.1 8.6
501k-550k 21 5 0 25.2
551k-600k 11 2 0 33
601k-650k 5 3 1 0.1 10
651k-700k 2 0
701k-750k 7 3 0.1 14
751k-800k 8 0
801k-850k 2 0
851k-900k 6 0
951k-1m 1 0
1.1m-1.2m 3 0

Land 2% 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 397 250 23 0.1 9.5
26k-50k 339 126 23 0.1 16.1
51k-75k 133 58 11 0.1 13.8
76k-100k 77 19 4 0 24.3
101k-125k 40 19 2 0.1 12.6
126k-150k 36 7 3 0 30.9
151k-175k 17 16 3 0.2 6.4
176k-200k 21 6 0 21
201k-225k 14 6 2 0.1 14
226k-250k 17 2 0 51
251k-275k 11 4 0.1 16.5
276k-300k 26 6 0 26
301k-325k 9 1 0 54
326k-350k 15 3 1 0 30
351k-375k 5 3 0.1 10
376k-400k 12 2 0 36
401k-425k 4 3 0.1 8
426k-450k 6 0
451k-475k 4 0
476k-500k 6 0
501k-550k 4 1 0 24
551k-600k 8 1 0 48
601k-650k 4 0
651k-700k 2 0
701k-750k 3 0
751k-800k 6 0
851k-900k 2 1 0.1 12
951k-1m 9 0
1m-1.1m 4 1 1 0 24
1.1m-1.2m 3 0
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 4 0
1.5m-1.6m 2 0
1.9m-2m 2 1 0.1 12
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 2 0
7.01m-8m 1 0
13.01m-14m 1 0
15.01m-16m 1 0