Absorption Report

Parrish, 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
226k-250k 1 1 0.2 6
251k-275k 2 4 3 0.3 3
276k-300k 6 11 6 0.3 3.3
301k-325k 12 16 6 0.2 4.5
326k-350k 37 65 26 0.3 3.4
351k-375k 49 80 15 0.3 3.7
376k-400k 80 137 29 0.3 3.5
401k-425k 66 107 23 0.3 3.7
426k-450k 66 94 17 0.2 4.2
451k-475k 48 52 6 0.2 5.5
476k-500k 33 49 11 0.2 4
501k-550k 38 76 6 0.3 3
551k-600k 46 69 7 0.3 4
601k-650k 32 32 2 0.2 6
651k-700k 34 28 5 0.1 7.3
701k-750k 25 14 3 0.1 10.7
751k-800k 11 14 1 0.2 4.7
801k-850k 9 11 1 0.2 4.9
851k-900k 11 6 0.1 11
901k-950k 6 8 0.2 4.5
951k-1m 6 2 0.1 18
1m-1.1m 3 3 2 0.2 6
1.1m-1.2m 4 1 0.7 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 2 1 0.3 3
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 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
251k-275k 3 2 1 0.1 9
276k-300k 3 4 1 0.2 4.5
301k-325k 5 5 1 0.2 6
326k-350k 3 0
351k-375k 2 0
376k-400k 11 0
401k-425k 7 2 2 0 21
426k-450k 2 1 1 0.1 12
476k-500k 1 1 0.2 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
101k-125k 1 0
176k-200k 3 1 0.1 18
201k-225k 3 2 0.5 0
226k-250k 1 3 0.5 2
251k-275k 1 0
276k-300k 1 1 0.2 6
301k-325k 1 0
351k-375k 1 1 0.2 6
401k-425k 2 0.3 0
451k-475k 1 0
501k-550k 5 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0.2 0
751k-800k 3 0
851k-900k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.9m-2m 2 0
2.25m-2.5m 1 0
4m-4.5m 1 0