Absorption Report

Orlando, Ruby Lake, Casoria

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 20% 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 2 0.3 0
76k-100k 1 0.2 0
101k-125k 1 6 3 1 1
126k-150k 1 9 1.5 0.7
151k-175k 6 12 2 0.3 3
176k-200k 8 19 6 0.4 2.5
201k-225k 6 22 4 0.6 1.6
226k-250k 15 24 3 0.3 3.8
251k-275k 23 36 7 0.3 3.8
276k-300k 27 52 7 0.3 3.1
301k-325k 30 59 10 0.3 3.1
326k-350k 45 104 19 0.4 2.6
351k-375k 56 84 7 0.3 4
376k-400k 79 105 18 0.2 4.5
401k-425k 65 83 8 0.2 4.7
426k-450k 73 88 17 0.2 5
451k-475k 44 67 7 0.3 3.9
476k-500k 72 63 10 0.1 6.9
501k-550k 100 122 13 0.2 4.9
551k-600k 109 134 18 0.2 4.9
601k-650k 78 92 15 0.2 5.1
651k-700k 68 60 11 0.1 6.8
701k-750k 33 47 3 0.2 4.2
751k-800k 32 35 5 0.2 5.5
801k-850k 36 33 7 0.2 6.5
851k-900k 20 20 3 0.2 6
901k-950k 14 19 2 0.2 4.4
951k-1m 24 11 1 0.1 13.1
1m-1.1m 14 17 3 0.2 4.9
1.1m-1.2m 24 16 2 0.1 9
1.2m-1.3m 14 4 0 21
1.3m-1.4m 10 12 2 0.2 5
1.4m-1.5m 11 8 3 0.1 8.3
1.5m-1.6m 10 6 1 0.1 10
1.6m-1.7m 20 9 1 0.1 13.3
1.7m-1.8m 5 6 2 0.2 5
1.8m-1.9m 4 4 0.2 6
1.9m-2m 3 2 0.1 9
2m-2.25m 9 6 1 0.1 9
2.25m-2.5m 5 4 1 0.1 7.5
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 10 2 0 30
3m-3.5m 7 4 1 0.1 10.5
3.5m-4m 7 1 0 42
4m-4.5m 3 1 0.1 18
4.5m-5m 1 2 0.3 3
5.01m-6m 4 1 0 24
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
17.01m-18m 1 0.2 0
24.01m-25m 1 0

Townhouses 11% 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 1 3 1 0.5 2
151k-175k 3 4 0.2 4.5
176k-200k 14 15 6 0.2 5.6
201k-225k 13 15 1 0.2 5.2
226k-250k 27 23 5 0.1 7
251k-275k 23 16 0.1 8.6
276k-300k 18 27 4 0.3 4
301k-325k 25 15 1 0.1 10
326k-350k 31 24 0.1 7.8
351k-375k 13 16 6 0.2 4.9
376k-400k 15 1 1 0 90
401k-425k 2 1 0.1 12
426k-450k 4 1 0 24
451k-475k 2 0
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 2 3 0.3 4
601k-650k 1 0
751k-800k 1 0.2 0
901k-950k 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0

Condos 8% 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 8 12 2 0.3 4
101k-125k 15 21 0.2 4.3
126k-150k 41 35 6 0.1 7
151k-175k 54 61 7 0.2 5.3
176k-200k 82 69 11 0.1 7.1
201k-225k 91 55 7 0.1 9.9
226k-250k 111 51 6 0.1 13.1
251k-275k 77 51 10 0.1 9.1
276k-300k 109 58 9 0.1 11.3
301k-325k 83 51 7 0.1 9.8
326k-350k 102 41 7 0.1 14.9
351k-375k 54 30 2 0.1 10.8
376k-400k 59 34 1 0.1 10.4
401k-425k 40 15 0.1 16
426k-450k 33 16 3 0.1 12.4
451k-475k 21 17 1 0.1 7.4
476k-500k 24 11 2 0.1 13.1
501k-550k 22 19 2 0.1 6.9
551k-600k 17 8 0.1 12.8
601k-650k 12 3 0 24
651k-700k 9 2 0 27
701k-750k 7 3 0.1 14
751k-800k 5 1 0 30
801k-850k 4 2 0.1 12
851k-900k 5 2 0.1 15
901k-950k 2 1 0.1 12
951k-1m 4 1 0 24
1m-1.1m 2 1 0.1 12
1.1m-1.2m 8 3 3 0.1 16
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 3 2 1 0.1 9
1.7m-1.8m 1 1 0.2 0
2.25m-2.5m 1 0.2 0
2.75m-3m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 9% 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 15 29 5 0.3 3.1
26k-50k 68 57 9 0.1 7.2
51k-75k 68 29 5 0.1 14.1
76k-100k 59 11 1 0 32.2
101k-125k 12 8 2 0.1 9
126k-150k 23 8 0.1 17.3
151k-175k 16 8 2 0.1 12
176k-200k 18 8 3 0.1 13.5
201k-225k 17 3 0 34
226k-250k 15 3 0 30
251k-275k 15 2 0 45
276k-300k 4 4 1 0.2 6
301k-325k 2 1 0.1 12
326k-350k 8 0
351k-375k 3 3 1 0.2 6
376k-400k 5 2 0.1 15
426k-450k 3 0
451k-475k 2 1 0.1 12
476k-500k 6 1 0 36
501k-550k 3 1 0.1 18
551k-600k 10 2 0 30
601k-650k 5 4 1 0.1 7.5
651k-700k 2 0
701k-750k 5 0
751k-800k 2 0
801k-850k 1 0.2 0
851k-900k 2 0
951k-1m 2 0
1.1m-1.2m 4 2 2 0.1 12
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.8m-1.9m 2 1 0.1 12
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0