Absorption Report

Sun City Center

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 Since 12/31 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
26k-50k 1 0.2 0
51k-75k 2 0.3 0
76k-100k 1 5 0.8 1.2
101k-125k 3 10 3 0.6 1.8
126k-150k 3 18 2 1 1
151k-175k 8 32 3 0.7 1.5
176k-200k 30 50 7 0.3 3.6
201k-225k 45 67 9 0.2 4
226k-250k 60 88 8 0.2 4.1
251k-275k 79 83 14 0.2 5.7
276k-300k 129 125 17 0.2 6.2
301k-325k 143 170 34 0.2 5
326k-350k 224 142 24 0.1 9.5
351k-375k 115 86 14 0.1 8
376k-400k 165 95 10 0.1 10.4
401k-425k 72 48 9 0.1 9
426k-450k 65 29 6 0.1 13.4
451k-475k 47 29 6 0.1 9.7
476k-500k 58 27 4 0.1 12.9
501k-550k 69 22 1 0.1 18.8
551k-600k 56 33 2 0.1 10.2
601k-650k 38 11 1 0 20.7
651k-700k 28 12 2 0.1 14
701k-750k 21 10 1 0.1 12.6
751k-800k 26 17 2 0.1 9.2
801k-850k 15 4 1 0 22.5
851k-900k 23 7 1 0.1 19.7
901k-950k 12 1 0 72
951k-1m 18 5 1 0 21.6
1m-1.1m 7 0
1.1m-1.2m 7 6 1 0.1 7
1.2m-1.3m 10 8 1 0.1 7.5
1.3m-1.4m 2 0
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 3 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
151k-175k 1 1 0.2 6

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 3 4 1 0.2 4.5
76k-100k 5 11 4 0.4 2.7
101k-125k 10 9 0.2 6.7
126k-150k 34 23 5 0.1 8.9
151k-175k 19 13 1 0.1 8.8
176k-200k 16 9 1 0.1 10.7
201k-225k 9 3 0.1 18
226k-250k 6 13 0.4 2.8
251k-275k 7 7 1 0.2 6
276k-300k 9 2 0 27
301k-325k 3 1 0.1 18
326k-350k 3 0
351k-375k 3 0
376k-400k 2 0
426k-450k 1 0
451k-475k 1 0.2 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
-24,000-0 4 0
1k-25k 1268 685 97 0.1 11.1
26k-50k 1158 171 16 0 40.6
51k-75k 238 40 1 0 35.7
76k-100k 157 31 3 0 30.4
101k-125k 99 11 0 54
126k-150k 51 7 0 43.7
151k-175k 54 6 0 54
176k-200k 37 3 0 74
201k-225k 27 3 0 54
226k-250k 12 4 0.1 18
251k-275k 9 0
276k-300k 14 0
301k-325k 5 1 0 30
326k-350k 3 0
351k-375k 5 1 0 30
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 0
476k-500k 2 0
501k-550k 2 1 1 0.1 12
551k-600k 2 1 0.1 12
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
801k-850k 1 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
4.5m-5m 1 0
12.01m-13m 1 0