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 4 1 0 24
251k-275k 2 10 4 0.8 1.2
276k-300k 3 13 3 0.7 1.4
301k-325k 5 30 10 1 1
326k-350k 49 107 26 0.4 2.7
351k-375k 35 107 16 0.5 2
376k-400k 81 134 26 0.3 3.6
401k-425k 76 111 16 0.2 4.1
426k-450k 69 71 8 0.2 5.8
451k-475k 42 49 5 0.2 5.1
476k-500k 50 43 4 0.1 7
501k-550k 40 66 13 0.3 3.6
551k-600k 50 59 8 0.2 5.1
601k-650k 34 32 5 0.2 6.4
651k-700k 26 26 5 0.2 6
701k-750k 22 13 4 0.1 10.2
751k-800k 9 11 3 0.2 4.9
801k-850k 9 12 3 0.2 4.5
851k-900k 8 5 2 0.1 9.6
901k-950k 5 4 1 0.1 7.5
951k-1m 5 4 1 0.1 7.5
1m-1.1m 4 3 0.1 8
1.1m-1.2m 2 3 1 0.3 4
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 0.2 6
1.7m-1.8m 1 0
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 1 0.2 0
251k-275k 5 6 2 0.2 5
276k-300k 5 7 0.2 4.3
301k-325k 2 8 2 0.7 1.5
326k-350k 5 2 1 0.1 15
351k-375k 1 1 1 0.2 6
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 1 1 1 0.2 6
601k-650k 1 0
751k-800k 2 0
851k-900k 1 0
951k-1m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
3.5m-4m 1 0