Absorption Report

Sanford, 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
51k-75k 2 0.3 0
76k-100k 1 0
101k-125k 1 1 0.2 0
126k-150k 4 2 0.7 0
151k-175k 1 2 0.3 3
176k-200k 4 8 1 0.3 3
201k-225k 5 8 2 0.3 3.8
226k-250k 10 16 1 0.3 3.8
251k-275k 12 26 4 0.4 2.8
276k-300k 20 24 6 0.2 5
301k-325k 17 34 3 0.3 3
326k-350k 28 35 5 0.2 4.8
351k-375k 20 25 4 0.2 4.8
376k-400k 30 42 10 0.2 4.3
401k-425k 27 50 3 0.3 3.2
426k-450k 10 48 3 0.8 1.3
451k-475k 10 38 4 0.6 1.6
476k-500k 14 11 3 0.1 7.6
501k-550k 12 25 2 0.3 2.9
551k-600k 14 16 1 0.2 5.3
601k-650k 11 14 2 0.2 4.7
651k-700k 9 13 1 0.2 4.2
701k-750k 4 6 0.3 4
751k-800k 4 11 1 0.5 2.2
801k-850k 3 4 1 0.2 4.5
851k-900k 6 4 2 0.1 9
901k-950k 4 2 1 0.1 12
951k-1m 4 4 0.2 6
1m-1.1m 2 5 0.4 2.4
1.1m-1.2m 2 0.3 0
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0.2 0
1.6m-1.7m 4 1 0 24
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 1 0
3m-3.5m 1 2 0.3 3
4.5m-5m 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
201k-225k 2 0.3 0
226k-250k 4 7 1 0.3 3.4
251k-275k 10 17 2 0.3 3.5
276k-300k 11 20 4 0.3 3.3
301k-325k 4 8 2 0.3 3
326k-350k 5 13 1 0.4 2.3
351k-375k 6 5 2 0.1 7.2
376k-400k 5 7 1 0.2 4.3
401k-425k 5 4 1 0.1 7.5
426k-450k 5 2 0.1 15
451k-475k 3 0
501k-550k 1 1 0.2 0
551k-600k 1 0.2 0

Condos 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 2 0
126k-150k 2 4 1 0.3 3
151k-175k 6 9 3 0.3 4
176k-200k 4 0
201k-225k 1 0
226k-250k 5 1 0 30
251k-275k 1 1 0.2 6
276k-300k 1 2 0.3 3
301k-325k 1 0
351k-375k 1 0
376k-400k 1 0.2 0
401k-425k 2 0
701k-750k 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
1k-25k 1 1 1 0.2 6
26k-50k 6 5 1 0.1 7.2
51k-75k 15 10 0.1 9
76k-100k 1 1 0.2 6
101k-125k 3 0
126k-150k 7 1 1 0 42
151k-175k 2 2 1 0.2 6
176k-200k 2 0
201k-225k 2 0
251k-275k 1 0
276k-300k 1 0
301k-325k 2 0
326k-350k 2 1 0.1 12
351k-375k 4 1 0 24
376k-400k 2 2 0.2 6
426k-450k 2 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
551k-600k 4 0
601k-650k 1 0
651k-700k 2 0
701k-750k 3 1 0.1 18
751k-800k 1 0
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 6 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
2.75m-3m 3 0