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 4 7 1 0.3 3.4
176k-200k 9 27 2 0.5 2
201k-225k 12 42 9 0.6 1.7
226k-250k 29 79 20 0.5 2.2
251k-275k 52 108 20 0.3 2.9
276k-300k 84 121 22 0.2 4.2
301k-325k 72 139 23 0.3 3.1
326k-350k 103 181 41 0.3 3.4
351k-375k 59 131 21 0.4 2.7
376k-400k 56 85 13 0.3 4
401k-425k 31 54 8 0.3 3.4
426k-450k 38 29 5 0.1 7.9
451k-475k 25 34 2 0.2 4.4
476k-500k 20 24 8 0.2 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 4 0.1 7.5
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 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 5 0.3 3.2
51k-75k 27 52 9 0.3 3.1
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 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