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 3 5 1 0.3 3.6
151k-175k 4 6 1 0.3 4
176k-200k 10 23 2 0.4 2.6
201k-225k 15 39 4 0.4 2.3
226k-250k 28 77 13 0.5 2.2
251k-275k 49 106 15 0.4 2.8
276k-300k 82 113 20 0.2 4.4
301k-325k 83 138 23 0.3 3.6
326k-350k 102 181 34 0.3 3.4
351k-375k 69 125 20 0.3 3.3
376k-400k 64 82 15 0.2 4.7
401k-425k 30 48 8 0.3 3.8
426k-450k 33 27 3 0.1 7.3
451k-475k 23 35 4 0.3 3.9
476k-500k 20 24 4 0.2 5
501k-550k 28 27 4 0.2 6.2
551k-600k 16 15 3 0.2 6.4
601k-650k 8 6 2 0.1 8
651k-700k 2 5 1 0.4 2.4
701k-750k 7 2 0 21
751k-800k 1 0.2 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
1.7m-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 4 1 0.7 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 2 0.4 2.7
51k-75k 32 47 6 0.2 4.1
76k-100k 14 10 1 0.1 8.4
101k-125k 9 4 0.1 13.5
126k-150k 14 1 0 84
151k-175k 2 2 0.2 6
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 0.2 0
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