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 3 1 0.1 18
251k-275k 3 9 3 0.5 2
276k-300k 6 13 3 0.4 2.8
301k-325k 5 30 10 1 1
326k-350k 46 104 23 0.4 2.7
351k-375k 41 107 16 0.4 2.3
376k-400k 76 135 27 0.3 3.4
401k-425k 70 115 18 0.3 3.7
426k-450k 65 73 8 0.2 5.3
451k-475k 44 50 6 0.2 5.3
476k-500k 39 46 4 0.2 5.1
501k-550k 38 71 18 0.3 3.2
551k-600k 49 57 11 0.2 5.2
601k-650k 31 33 7 0.2 5.6
651k-700k 26 26 5 0.2 6
701k-750k 19 13 3 0.1 8.8
751k-800k 7 11 3 0.3 3.8
801k-850k 8 12 3 0.3 4
851k-900k 10 5 2 0.1 12
901k-950k 6 4 1 0.1 9
951k-1m 4 4 1 0.2 6
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 1 3 1 0.5 2
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 1 1 0.2 6
1.5m-1.6m 2 2 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 1 1 0.2 6
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
226k-250k 1 0
251k-275k 5 6 2 0.2 5
276k-300k 8 7 0.1 6.9
301k-325k 1 8 2 1.3 0.8
326k-350k 6 2 1 0.1 18
351k-375k 1 0
376k-400k 11 1 1 0 66
401k-425k 7 2 0 21
426k-450k 2 1 0.1 12
476k-500k 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
151k-175k 1 0
176k-200k 2 0
201k-225k 3 0.5 0
226k-250k 2 2 0.2 6
251k-275k 1 0
276k-300k 1 0
301k-325k 1 0
376k-400k 1 0
401k-425k 2 0.3 0
451k-475k 1 0
501k-550k 4 0
551k-600k 2 1 1 0.1 12
601k-650k 1 0
751k-800k 2 0
851k-900k 1 0
951k-1m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
4m-4.5m 1 0