Absorption Report

Orlando, FL, Condo

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

Condos 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
51k-75k 4 5 0.2 4.8
76k-100k 11 9 2 0.1 7.3
101k-125k 20 38 2 0.3 3.2
126k-150k 77 66 13 0.1 7
151k-175k 136 120 23 0.1 6.8
176k-200k 167 134 20 0.1 7.5
201k-225k 139 95 10 0.1 8.8
226k-250k 130 102 10 0.1 7.6
251k-275k 83 52 8 0.1 9.6
276k-300k 59 32 4 0.1 11.1
301k-325k 36 15 2 0.1 14.4
326k-350k 25 19 4 0.1 7.9
351k-375k 18 13 1 0.1 8.3
376k-400k 16 6 1 0.1 16
401k-425k 3 7 1 0.4 2.6
426k-450k 9 8 0.1 6.8
451k-475k 5 5 1 0.2 6
476k-500k 7 7 1 0.2 6
501k-550k 15 20 3 0.2 4.5
551k-600k 8 6 0.1 8
601k-650k 10 5 1 0.1 12
651k-700k 5 4 0.1 7.5
701k-750k 3 5 2 0.3 3.6
751k-800k 1 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 1 0
1.8m-1.9m 1 0
4.5m-5m 1 0