Absorption Report

Parrish, FL, House

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 5 11 6 0.4 2.7
301k-325k 12 20 8 0.3 3.6
326k-350k 36 70 27 0.3 3.1
351k-375k 49 84 22 0.3 3.5
376k-400k 83 135 26 0.3 3.7
401k-425k 72 109 26 0.3 4
426k-450k 65 90 15 0.2 4.3
451k-475k 43 51 8 0.2 5.1
476k-500k 32 52 13 0.3 3.7
501k-550k 41 75 9 0.3 3.3
551k-600k 48 68 8 0.2 4.2
601k-650k 32 31 3 0.2 6.2
651k-700k 30 28 6 0.2 6.4
701k-750k 22 14 2 0.1 9.4
751k-800k 9 14 0.3 3.9
801k-850k 9 12 3 0.2 4.5
851k-900k 13 6 0.1 13
901k-950k 5 7 0.2 4.3
951k-1m 7 2 0 21
1m-1.1m 4 3 2 0.1 8
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 2 2 1 0.2 6
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0