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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 1 0.2 6
151k-175k 2 1 0.3 0
176k-200k 1 1 0.2 6
201k-225k 2 4 0.3 3
226k-250k 3 3 0.2 6
251k-275k 6 7 4 0.2 5.1
276k-300k 8 12 3 0.3 4
301k-325k 13 23 10 0.3 3.4
326k-350k 19 46 5 0.4 2.5
351k-375k 26 70 13 0.4 2.2
376k-400k 43 86 14 0.3 3
401k-425k 29 68 10 0.4 2.6
426k-450k 26 42 2 0.3 3.7
451k-475k 18 23 1 0.2 4.7
476k-500k 16 25 5 0.3 3.8
501k-550k 18 18 2 0.2 6
551k-600k 9 17 3 0.3 3.2
601k-650k 4 22 5 0.9 1.1
651k-700k 6 10 5 0.3 3.6
701k-750k 7 11 0.3 3.8
751k-800k 2 7 2 0.6 1.7
801k-850k 4 3 1 0.1 8
851k-900k 5 0.8 0
901k-950k 5 0.8 0
951k-1m 3 3 0.2 6
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 2 1 0.3 3
1.4m-1.5m 1 1 0.2 0
1.5m-1.6m 1 0
1.6m-1.7m 5 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0.2 0
2.25m-2.5m 1 0.2 0
2.5m-2.75m 2 0
2.75m-3m 2 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
226k-250k 16 2.7 0
251k-275k 4 13 2 0.5 1.8
276k-300k 10 25 1 0.4 2.4
301k-325k 1 14 2.3 0.4
326k-350k 5 4 2 0.1 7.5
351k-375k 2 1 0.1 12
376k-400k 1 1 0.2 6
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 3 1 1 0.1 18
226k-250k 3 0
251k-275k 1 1 0.2 6
301k-325k 3 1 0.1 18
326k-350k 3 1 1 0.1 18
351k-375k 1 0
376k-400k 1 0
426k-450k 2 0
451k-475k 5 1 1 0 30
476k-500k 2 1 0.1 12
501k-550k 2 0
551k-600k 6 0
601k-650k 3 0
651k-700k 1 1 0.2 6
851k-900k 1 0.2 0
1.1m-1.2m 3 0
1.2m-1.3m 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 6 1 0 36
51k-75k 2 0.3 0
76k-100k 2 1 0.1 12
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 1 0.1 12
601k-650k 2 0
701k-750k 1 0
851k-900k 1 0
901k-950k 1 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.9m-2m 1 0
3m-3.5m 3 0