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 4 6 1 0.3 4
176k-200k 9 22 1 0.4 2.5
201k-225k 16 38 5 0.4 2.5
226k-250k 31 78 13 0.4 2.4
251k-275k 48 112 19 0.4 2.6
276k-300k 85 112 17 0.2 4.6
301k-325k 77 136 25 0.3 3.4
326k-350k 106 178 28 0.3 3.6
351k-375k 67 130 24 0.3 3.1
376k-400k 63 81 15 0.2 4.7
401k-425k 25 49 9 0.3 3.1
426k-450k 32 27 3 0.1 7.1
451k-475k 24 37 5 0.3 3.9
476k-500k 18 23 4 0.2 4.7
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 50 9 0.3 3.4
76k-100k 15 11 2 0.1 8.2
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