Absorption Report

Redington Beach, Condo

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 Since 12/31 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
76k-100k 1 0
126k-150k 1 0
151k-175k 3 1 0.5 0
176k-200k 1 3 1 0.5 2
201k-225k 3 7 1 0.4 2.6
226k-250k 3 10 2 0.6 1.8
251k-275k 8 13 4 0.3 3.7
276k-300k 26 26 6 0.2 6
301k-325k 17 49 9 0.5 2.1
326k-350k 36 14 5 0.1 15.4
351k-375k 28 26 1 0.2 6.5
376k-400k 26 18 3 0.1 8.7
401k-425k 32 22 4 0.1 8.7
426k-450k 23 15 4 0.1 9.2
451k-475k 10 17 6 0.3 3.5
476k-500k 27 16 3 0.1 10.1
501k-550k 32 10 2 0.1 19.2
551k-600k 17 18 5 0.2 5.7
601k-650k 15 14 4 0.2 6.4
651k-700k 17 12 4 0.1 8.5
701k-750k 7 13 2 0.3 3.2
751k-800k 7 12 5 0.3 3.5
801k-850k 9 9 4 0.2 6
851k-900k 12 10 5 0.1 7.2
901k-950k 2 6 2 0.5 2
951k-1m 8 2 1 0 24
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 4 4 1 0.2 6
1.2m-1.3m 5 5 2 0.2 6
1.3m-1.4m 4 6 1 0.3 4
1.4m-1.5m 3 1 1 0.1 18
1.6m-1.7m 5 1 0 30
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 5 0
1.9m-2m 1 3 0.5 2
2m-2.25m 3 2 1 0.1 9
2.25m-2.5m 4 2 0.1 12
2.5m-2.75m 2 0
2.75m-3m 4 1 1 0 24
3m-3.5m 7 0
3.5m-4m 5 1 0 30
4m-4.5m 3 1 1 0.1 18
4.5m-5m 1 1 1 0.2 6
5.01m-6m 1 0
7.01m-8m 1 0
11.01m-12m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
651k-700k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 0.2 0
151k-175k 5 2 0.1 15
176k-200k 8 5 1 0.1 9.6
201k-225k 8 9 2 0.2 5.3
226k-250k 9 4 3 0.1 13.5
251k-275k 13 6 0.1 13
276k-300k 5 4 1 0.1 7.5
301k-325k 4 6 4 0.3 4
326k-350k 10 3 0.1 20
351k-375k 3 1 0.1 18
376k-400k 5 3 1 0.1 10
401k-425k 2 1 0.3 0
426k-450k 1 0
451k-475k 3 0
476k-500k 3 1 0.1 18
501k-550k 3 4 1 0.2 4.5
551k-600k 7 5 1 0.1 8.4
601k-650k 7 2 1 0 21
651k-700k 1 2 0.3 3
701k-750k 2 1 0.1 12
751k-800k 5 2 0.1 15
801k-850k 3 0
851k-900k 1 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 1 0.2 6

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 22 43 10 0.3 3.1
26k-50k 103 60 13 0.1 10.3
51k-75k 55 15 5 0 22
76k-100k 27 5 0 32.4
101k-125k 9 2 1 0 27
126k-150k 8 2 1 0 24
151k-175k 6 1 0 36
176k-200k 4 0
201k-225k 4 1 0 24
226k-250k 7 0
251k-275k 3 3 1 0.2 6
276k-300k 4 0
301k-325k 2 0
326k-350k 3 1 1 0.1 18
376k-400k 3 0
401k-425k 3 2 0.5 0
426k-450k 1 0
476k-500k 2 0
551k-600k 1 0.2 0
601k-650k 1 0
701k-750k 1 1 0.2 6
751k-800k 2 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 4 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
6.01m-7m 1 0