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 7 1 0.3 3.4
201k-225k 5 8 2 0.3 3.8
226k-250k 11 17 2 0.3 3.9
251k-275k 11 25 3 0.4 2.6
276k-300k 19 25 4 0.2 4.6
301k-325k 17 34 1 0.3 3
326k-350k 27 35 5 0.2 4.6
351k-375k 19 26 4 0.2 4.4
376k-400k 30 42 8 0.2 4.3
401k-425k 27 50 1 0.3 3.2
426k-450k 9 48 4 0.9 1.1
451k-475k 10 37 3 0.6 1.6
476k-500k 13 12 5 0.2 6.5
501k-550k 12 24 1 0.3 3
551k-600k 15 16 1 0.2 5.6
601k-650k 12 15 3 0.2 4.8
651k-700k 10 13 0.2 4.6
701k-750k 3 6 0.3 3
751k-800k 3 11 0.6 1.6
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 2 1 0.1 12
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 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 11 17 2 0.3 3.9
276k-300k 9 19 4 0.4 2.8
301k-325k 4 8 3 0.3 3
326k-350k 5 11 1 0.4 2.7
351k-375k 6 5 2 0.1 7.2
376k-400k 6 7 0.2 5.1
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 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 20 10 0.1 12
76k-100k 1 1 0.2 6
101k-125k 3 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 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