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 0
126k-150k 2 5 1 0.4 2.4
151k-175k 3 8 1 0.4 2.3
176k-200k 9 29 3 0.5 1.9
201k-225k 14 44 9 0.5 1.9
226k-250k 28 78 19 0.5 2.2
251k-275k 55 108 21 0.3 3.1
276k-300k 78 120 21 0.3 3.9
301k-325k 76 135 16 0.3 3.4
326k-350k 99 174 41 0.3 3.4
351k-375k 59 126 23 0.4 2.8
376k-400k 55 82 8 0.2 4
401k-425k 29 54 6 0.3 3.2
426k-450k 38 29 5 0.1 7.9
451k-475k 24 35 4 0.2 4.1
476k-500k 17 24 7 0.2 4.3
501k-550k 22 26 4 0.2 5.1
551k-600k 17 14 3 0.1 7.3
601k-650k 11 6 2 0.1 11
651k-700k 4 4 1 0.2 6
701k-750k 7 2 0 21
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 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 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 3 0.5 0
26k-50k 15 29 6 0.3 3.1
51k-75k 24 51 8 0.4 2.8
76k-100k 12 10 2 0.1 7.2
101k-125k 6 4 0.1 9
126k-150k 12 1 0 72
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 1 0.2 6
376k-400k 1 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 0.2 0
651k-700k 3 0
701k-750k 2 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