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 0.2 0
251k-275k 2 4 3 0.3 3
276k-300k 5 11 6 0.4 2.7
301k-325k 12 17 5 0.2 4.2
326k-350k 38 66 23 0.3 3.5
351k-375k 50 81 19 0.3 3.7
376k-400k 82 131 22 0.3 3.8
401k-425k 72 106 23 0.2 4.1
426k-450k 66 89 14 0.2 4.4
451k-475k 47 51 7 0.2 5.5
476k-500k 31 49 10 0.3 3.8
501k-550k 39 73 7 0.3 3.2
551k-600k 48 68 8 0.2 4.2
601k-650k 31 30 2 0.2 6.2
651k-700k 31 28 6 0.2 6.6
701k-750k 23 14 2 0.1 9.9
751k-800k 8 14 0.3 3.4
801k-850k 10 10 1 0.2 6
851k-900k 12 6 0.1 12
901k-950k 6 7 0.2 5.1
951k-1m 6 2 0.1 18
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 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 2 2 1 0.2 6
276k-300k 3 6 3 0.3 3
301k-325k 4 5 1 0.2 4.8
326k-350k 4 1 1 0 24
351k-375k 1 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 4 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
5.01m-6m 1 0