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 2 0.3 0
176k-200k 4 7 1 0.3 3.4
201k-225k 6 8 2 0.2 4.5
226k-250k 9 16 2 0.3 3.4
251k-275k 10 25 4 0.4 2.4
276k-300k 20 25 4 0.2 4.8
301k-325k 15 34 0.4 2.6
326k-350k 26 35 5 0.2 4.5
351k-375k 17 26 4 0.3 3.9
376k-400k 27 42 7 0.3 3.9
401k-425k 29 51 3 0.3 3.4
426k-450k 9 50 6 0.9 1.1
451k-475k 12 36 4 0.5 2
476k-500k 12 12 5 0.2 6
501k-550k 10 24 1 0.4 2.5
551k-600k 14 17 2 0.2 4.9
601k-650k 11 15 1 0.2 4.4
651k-700k 8 12 0.3 4
701k-750k 3 6 0.3 3
751k-800k 3 11 0.6 1.6
801k-850k 3 5 2 0.3 3.6
851k-900k 6 4 1 0.1 9
901k-950k 4 2 1 0.1 12
951k-1m 4 4 0.2 6
1m-1.1m 2 4 0.3 3
1.1m-1.2m 2 0.3 0
1.2m-1.3m 2 0
1.3m-1.4m 4 0.7 0
1.4m-1.5m 1 0.2 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 5 1 0 30
1.9m-2m 1 1 1 0.2 6
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 3 0.3 3.5
276k-300k 9 19 4 0.4 2.8
301k-325k 4 8 3 0.3 3
326k-350k 5 10 1 0.3 3
351k-375k 4 6 3 0.3 4
376k-400k 6 7 0.2 5.1
401k-425k 6 4 1 0.1 9
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 1 4 0.7 1.5
151k-175k 5 9 2 0.3 3.3
176k-200k 4 0
201k-225k 1 0
226k-250k 5 2 1 0.1 15
251k-275k 1 0
276k-300k 2 2 0.2 6
301k-325k 2 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 20 10 0.1 12
76k-100k 2 1 0.1 12
101k-125k 4 0
126k-150k 6 1 1 0 36
151k-175k 2 1 1 0.1 12
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 0.2 0
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