Absorption Report

Palmetto, FL

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
51k-75k 1 1 0.2 0
76k-100k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 1 0.2 0
151k-175k 1 2 0.3 3
176k-200k 3 1 0.1 18
201k-225k 2 4 0.3 3
226k-250k 6 4 1 0.1 9
251k-275k 7 11 6 0.3 3.8
276k-300k 8 13 4 0.3 3.7
301k-325k 15 27 9 0.3 3.3
326k-350k 14 44 3 0.5 1.9
351k-375k 33 71 16 0.4 2.8
376k-400k 42 91 17 0.4 2.8
401k-425k 27 73 9 0.5 2.2
426k-450k 28 39 5 0.2 4.3
451k-475k 17 24 5 0.2 4.3
476k-500k 15 22 1 0.2 4.1
501k-550k 17 18 5 0.2 5.7
551k-600k 9 15 4 0.3 3.6
601k-650k 8 18 1 0.4 2.7
651k-700k 7 9 1 0.2 4.7
701k-750k 6 9 1 0.3 4
751k-800k 3 5 0.3 3.6
801k-850k 6 2 0.1 18
851k-900k 1 4 0.7 1.5
901k-950k 5 0.8 0
951k-1m 2 3 0.3 4
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 1 1 0.2 6
1.2m-1.3m 2 2 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 4 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0
7.01m-8m 1 0.2 0

Townhouses 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
201k-225k 1 0
226k-250k 15 3 2.5 0
251k-275k 4 16 5 0.7 1.5
276k-300k 12 24 3 0.3 3
301k-325k 3 15 1 0.8 1.2
326k-350k 2 3 0.3 4
351k-375k 3 1 0.1 18
376k-400k 1 1 0.2 6
401k-425k 1 1 0.2 0
551k-600k 1 0
601k-650k 1 1 0.2 0
651k-700k 1 0
701k-750k 1 0

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
151k-175k 1 0
176k-200k 1 0
201k-225k 2 1 0.1 12
226k-250k 2 0
251k-275k 1 0.2 0
301k-325k 2 1 0.1 12
326k-350k 3 1 1 0.1 18
351k-375k 2 0
376k-400k 1 0
426k-450k 2 0
451k-475k 4 1 0 24
476k-500k 3 1 0.1 18
501k-550k 2 0
551k-600k 5 0
601k-650k 3 0
651k-700k 1 1 0.2 6
851k-900k 1 0.2 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 1 0.2 6
1.9m-2m 1 0

Land 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 7 1 0 42
51k-75k 3 1 0.5 0
76k-100k 1 1 0.2 6
226k-250k 2 0
251k-275k 1 0
276k-300k 1 0
376k-400k 1 0
401k-425k 1 0.2 0
476k-500k 1 0
551k-600k 2 0
601k-650k 1 0
701k-750k 1 0
801k-850k 1 0
901k-950k 1 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.9m-2m 1 0
2.75m-3m 1 0
3m-3.5m 3 0