Absorption Report

Spring Hill, 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 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 1 0.2 0
126k-150k 2 5 0.4 2.4
151k-175k 3 6 1 0.3 3
176k-200k 8 22 1 0.5 2.2
201k-225k 14 38 4 0.5 2.2
226k-250k 32 75 14 0.4 2.6
251k-275k 45 113 20 0.4 2.4
276k-300k 83 111 14 0.2 4.5
301k-325k 77 137 26 0.3 3.4
326k-350k 107 177 26 0.3 3.6
351k-375k 67 127 23 0.3 3.2
376k-400k 65 80 15 0.2 4.9
401k-425k 25 48 9 0.3 3.1
426k-450k 33 27 3 0.1 7.3
451k-475k 24 37 5 0.3 3.9
476k-500k 19 23 3 0.2 5
501k-550k 28 29 6 0.2 5.8
551k-600k 16 15 3 0.2 6.4
601k-650k 8 7 2 0.1 6.9
651k-700k 2 5 1 0.4 2.4
701k-750k 7 2 0 21
751k-800k 1 0.2 0
801k-850k 1 0
851k-900k 2 1 0.1 12
901k-950k 1 1 0.2 6
951k-1m 1 0
1m-1.1m 2 0.3 0
1.1m-1.2m 1 1 0.2 6
1.5m-1.6m 1 1 0.2 0
1.7m-1.8m 1 0
4.5m-5m 1 0

Townhouses NAN% 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 4 0.7 0
226k-250k 3 1 0.5 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
126k-150k 1 0.2 0
176k-200k 1 0
301k-325k 1 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 4 1 0.7 0
26k-50k 13 29 1 0.4 2.7
51k-75k 28 49 9 0.3 3.4
76k-100k 15 10 2 0.1 9
101k-125k 9 4 0.1 13.5
126k-150k 13 1 0 78
151k-175k 2 1 0.1 12
176k-200k 7 3 0.1 14
201k-225k 4 1 0 24
226k-250k 1 0
251k-275k 1 1 1 0.2 6
276k-300k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 1 0.2 0
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 3 0
551k-600k 1 1 0.2 6
651k-700k 3 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
9.01m-10m 1 0