Absorption Report

Sanford, Midway

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
51k-75k 1 0.2 0
76k-100k 1 0
101k-125k 5 0.8 0
126k-150k 1 6 1 1
151k-175k 2 17 1 1.4 0.7
176k-200k 2 14 3 1.2 0.9
201k-225k 3 27 5 1.5 0.7
226k-250k 9 45 9 0.8 1.2
251k-275k 13 69 12 0.9 1.1
276k-300k 34 87 15 0.4 2.3
301k-325k 35 114 26 0.5 1.8
326k-350k 50 107 27 0.4 2.8
351k-375k 46 91 22 0.3 3
376k-400k 65 107 24 0.3 3.6
401k-425k 43 73 16 0.3 3.5
426k-450k 42 93 26 0.4 2.7
451k-475k 36 63 22 0.3 3.4
476k-500k 64 72 16 0.2 5.3
501k-550k 69 88 24 0.2 4.7
551k-600k 67 80 17 0.2 5
601k-650k 53 63 12 0.2 5
651k-700k 30 54 13 0.3 3.3
701k-750k 29 27 4 0.2 6.4
751k-800k 26 27 4 0.2 5.8
801k-850k 29 35 7 0.2 5
851k-900k 27 22 9 0.1 7.4
901k-950k 14 14 6 0.2 6
951k-1m 16 8 2 0.1 12
1m-1.1m 7 32 7 0.8 1.3
1.1m-1.2m 21 23 5 0.2 5.5
1.2m-1.3m 22 23 4 0.2 5.7
1.3m-1.4m 20 22 8 0.2 5.5
1.4m-1.5m 12 15 4 0.2 4.8
1.5m-1.6m 11 14 5 0.2 4.7
1.6m-1.7m 14 11 3 0.1 7.6
1.7m-1.8m 2 9 0.8 1.3
1.8m-1.9m 4 8 3 0.3 3
1.9m-2m 7 4 0.1 10.5
2m-2.25m 8 9 3 0.2 5.3
2.25m-2.5m 12 8 2 0.1 9
2.5m-2.75m 11 7 0.1 9.4
2.75m-3m 13 9 4 0.1 8.7
3m-3.5m 7 5 2 0.1 8.4
3.5m-4m 5 4 0.1 7.5
4m-4.5m 5 3 2 0.1 10
4.5m-5m 11 1 0 66
5.01m-6m 5 2 0.1 15
6.01m-7m 3 3 0.2 6
7.01m-8m 6 1 0 36
9.01m-10m 1 2 1 0.3 3
11.01m-12m 2 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
151k-175k 1 1 0.2 6
176k-200k 1 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0
251k-275k 2 1 0.1 12
276k-300k 1 2 0.3 3
301k-325k 3 4 3 0.2 4.5
326k-350k 3 1 0.1 18
351k-375k 3 2 1 0.1 9
376k-400k 7 4 0.1 10.5
401k-425k 4 6 2 0.3 4
426k-450k 3 4 0.2 4.5
451k-475k 4 6 0.3 4
476k-500k 2 2 1 0.2 6
501k-550k 2 16 7 1.3 0.8
551k-600k 4 6 3 0.3 4
601k-650k 5 9 1 0.3 3.3
651k-700k 9 12 3 0.2 4.5
701k-750k 13 9 1 0.1 8.7
751k-800k 10 7 0.1 8.6
801k-850k 5 6 1 0.2 5
851k-900k 4 3 0.1 8
901k-950k 6 5 1 0.1 7.2
951k-1m 7 2 0 21
1m-1.1m 1 2 0.3 3
1.1m-1.2m 3 3 2 0.2 6
1.2m-1.3m 2 1 0.3 0
1.3m-1.4m 2 2 0.2 6
1.6m-1.7m 2 1 0.3 0
1.7m-1.8m 1 0.2 0
2m-2.25m 1 3 0.5 2
2.25m-2.5m 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
51k-75k 1 5 3 0.8 1.2
76k-100k 24 16 1 0.1 9
101k-125k 41 42 10 0.2 5.9
126k-150k 70 57 9 0.1 7.4
151k-175k 72 64 16 0.1 6.8
176k-200k 72 41 10 0.1 10.5
201k-225k 43 47 8 0.2 5.5
226k-250k 45 43 10 0.2 6.3
251k-275k 31 37 2 0.2 5
276k-300k 40 25 8 0.1 9.6
301k-325k 32 25 2 0.1 7.7
326k-350k 28 26 5 0.2 6.5
351k-375k 25 13 6 0.1 11.5
376k-400k 24 16 5 0.1 9
401k-425k 21 12 1 0.1 10.5
426k-450k 22 17 4 0.1 7.8
451k-475k 15 16 2 0.2 5.6
476k-500k 23 7 2 0.1 19.7
501k-550k 20 14 1 0.1 8.6
551k-600k 16 9 2 0.1 10.7
601k-650k 17 12 3 0.1 8.5
651k-700k 17 10 3 0.1 10.2
701k-750k 14 14 2 0.2 6
751k-800k 3 5 1 0.3 3.6
801k-850k 3 6 0.3 3
851k-900k 3 1 0.1 18
901k-950k 4 5 1 0.2 4.8
951k-1m 5 5 0.2 6
1m-1.1m 9 5 1 0.1 10.8
1.1m-1.2m 8 5 0.1 9.6
1.2m-1.3m 7 7 0.2 6
1.3m-1.4m 6 4 1 0.1 9
1.4m-1.5m 2 4 2 0.3 3
1.5m-1.6m 6 3 0.1 12
1.6m-1.7m 7 1 1 0 42
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 5 6 1 0.2 5
1.9m-2m 7 1 1 0 42
2m-2.25m 6 9 2 0.3 4
2.25m-2.5m 7 8 2 0.2 5.3
2.5m-2.75m 7 5 1 0.1 8.4
2.75m-3m 6 6 0.2 6
3m-3.5m 10 0
3.5m-4m 2 4 1 0.3 3
4m-4.5m 1 0.2 0
4.5m-5m 1 0
5.01m-6m 2 0
6.01m-7m 1 0
7.01m-8m 2 0.3 0
8.01m-9m 1 1 0.2 0
9.01m-10m 1 0

Land 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
1k-25k 3 0
26k-50k 1 1 0.2 6
51k-75k 1 2 0.3 3
76k-100k 1 12 3 2 0.5
101k-125k 4 7 3 0.3 3.4
126k-150k 2 3 2 0.3 4
151k-175k 2 2 0.2 6
176k-200k 4 2 0.1 12
201k-225k 5 3 1 0.1 10
226k-250k 6 3 0.1 12
251k-275k 1 2 2 0.3 3
276k-300k 7 1 0 42
301k-325k 1 0.2 0
326k-350k 4 0
351k-375k 1 1 0.2 0
376k-400k 2 0
401k-425k 1 1 1 0.2 6
426k-450k 3 2 0.5 0
451k-475k 1 1 0.2 6
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 2 2 1 0.2 6
601k-650k 3 2 0.1 9
701k-750k 2 1 0.3 0
751k-800k 1 2 0.3 3
801k-850k 1 0
901k-950k 1 1 0.2 6
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 1 1 0.2 6