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 2 1 1 0.1 12
176k-200k 2 4 1 0.3 3
201k-225k 6 10 3 0.3 3.6
226k-250k 13 13 3 0.2 6
251k-275k 7 33 8 0.8 1.3
276k-300k 31 20 5 0.1 9.3
301k-325k 17 20 3 0.2 5.1
326k-350k 29 38 7 0.2 4.6
351k-375k 29 20 0.1 8.7
376k-400k 32 18 3 0.1 10.7
401k-425k 16 8 2 0.1 12
426k-450k 13 7 1 0.1 11.1
451k-475k 8 3 1 0.1 16
476k-500k 10 5 0.1 12
501k-550k 6 7 1 0.2 5.1
551k-600k 4 5 2 0.2 4.8
601k-650k 1 1 0.2 6
651k-700k 2 0
701k-750k 1 5 1 0.8 1.2

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 2 5 3 0.4 2.4
251k-275k 1 2 0.3 3
276k-300k 2 1 0.1 12
351k-375k 1 0
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 6 1 1 0
101k-125k 1 9 2 1.5 0.7
126k-150k 10 21 5 0.4 2.9
151k-175k 21 10 1 0.1 12.6
176k-200k 16 9 2 0.1 10.7
201k-225k 25 28 5 0.2 5.4
226k-250k 23 19 1 0.1 7.3
251k-275k 14 16 3 0.2 5.3
276k-300k 18 12 4 0.1 9
301k-325k 6 6 1 0.2 6
326k-350k 8 4 1 0.1 12
351k-375k 4 3 0.1 8
376k-400k 8 2 0 24
401k-425k 1 3 0.5 2
426k-450k 3 2 1 0.1 9
476k-500k 2 1 0.1 12
551k-600k 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
76k-100k 2 0