Absorption Report

Sun City Center, 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 2 5 3 0.4 2.4
201k-225k 7 10 2 0.2 4.2
226k-250k 10 14 3 0.2 4.3
251k-275k 8 29 4 0.6 1.7
276k-300k 29 24 3 0.1 7.3
301k-325k 13 19 2 0.2 4.1
326k-350k 30 36 6 0.2 5
351k-375k 36 28 4 0.1 7.7
376k-400k 29 22 3 0.1 7.9
401k-425k 17 6 2 0.1 17
426k-450k 16 8 3 0.1 12
451k-475k 6 3 1 0.1 12
476k-500k 14 7 0.1 12
501k-550k 5 7 1 0.2 4.3
551k-600k 4 3 1 0.1 8
601k-650k 1 2 0.3 3
651k-700k 3 1 0.1 18
701k-750k 1 4 0.7 1.5

Townhouses 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
201k-225k 1 0.2 0
226k-250k 1 3 1 0.5 2
251k-275k 4 5 0.2 4.8
276k-300k 2 2 0.2 6
376k-400k 1 0.2 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
76k-100k 1 5 2 0.8 1.2
101k-125k 3 8 2 0.4 2.3
126k-150k 9 18 2 0.3 3
151k-175k 18 12 1 0.1 9
176k-200k 16 9 1 0.1 10.7
201k-225k 21 24 1 0.2 5.3
226k-250k 27 20 1 0.1 8.1
251k-275k 15 15 2 0.2 6
276k-300k 21 10 5 0.1 12.6
301k-325k 6 6 1 0.2 6
326k-350k 6 4 1 0.1 9
351k-375k 5 4 0.1 7.5
376k-400k 5 2 0.1 15
401k-425k 3 3 0.2 6
426k-450k 2 1 1 0.1 12
451k-475k 1 0
476k-500k 2 0
551k-600k 1 1 0.2 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
51k-75k 1 0.2 0
76k-100k 2 0