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 2 0.3 0
101k-125k 1 1 1 0.2 6
126k-150k 2 5 1 0.4 2.4
151k-175k 3 7 1 0.4 2.6
176k-200k 9 26 2 0.5 2.1
201k-225k 11 42 7 0.6 1.6
226k-250k 29 79 18 0.5 2.2
251k-275k 52 109 18 0.3 2.9
276k-300k 86 116 21 0.2 4.4
301k-325k 70 141 23 0.3 3
326k-350k 106 182 35 0.3 3.5
351k-375k 57 132 18 0.4 2.6
376k-400k 58 86 12 0.2 4
401k-425k 32 52 7 0.3 3.7
426k-450k 37 28 5 0.1 7.9
451k-475k 25 33 1 0.2 4.5
476k-500k 18 24 6 0.2 4.5
501k-550k 20 28 5 0.2 4.3
551k-600k 16 15 2 0.2 6.4
601k-650k 11 6 2 0.1 11
651k-700k 5 5 1 0.2 6
701k-750k 6 2 0.1 18
751k-800k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 1 0.2 6
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 1 0.2 6
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 1 0.7 0
226k-250k 3 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 3 0.5 0
26k-50k 15 28 4 0.3 3.2
51k-75k 30 51 8 0.3 3.5
76k-100k 13 11 2 0.1 7.1
101k-125k 7 4 0.1 10.5
126k-150k 11 1 0 66
151k-175k 2 3 0.3 4
176k-200k 7 3 0.1 14
201k-225k 4 1 0 24
226k-250k 2 0
251k-275k 1 2 1 0.3 3
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 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 2 0
551k-600k 1 0.2 0
651k-700k 3 0
701k-750k 1 0
751k-800k 2 0
851k-900k 1 0
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
9.01m-10m 1 0