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 43 6 0.7 1.5
226k-250k 27 77 18 0.5 2.1
251k-275k 53 109 17 0.3 2.9
276k-300k 84 113 19 0.2 4.5
301k-325k 69 137 22 0.3 3
326k-350k 107 177 33 0.3 3.6
351k-375k 55 128 17 0.4 2.6
376k-400k 57 84 11 0.2 4.1
401k-425k 32 49 7 0.3 3.9
426k-450k 37 28 5 0.1 7.9
451k-475k 25 32 1 0.2 4.7
476k-500k 18 22 5 0.2 4.9
501k-550k 20 28 4 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 50 6 0.3 3.6
76k-100k 13 10 1 0.1 7.8
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 1 1 0.2 6
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
1.4m-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