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 5% 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 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 4 2 0.7 1.5
126k-150k 3 7 3 0.4 2.6
151k-175k 9 8 3 0.1 6.8
176k-200k 8 6 1 0.1 8
201k-225k 10 11 2 0.2 5.5
226k-250k 16 16 2 0.2 6
251k-275k 15 28 4 0.3 3.2
276k-300k 71 60 12 0.1 7.1
301k-325k 55 59 14 0.2 5.6
326k-350k 92 76 17 0.1 7.3
351k-375k 76 73 14 0.2 6.2
376k-400k 95 65 16 0.1 8.8
401k-425k 59 47 8 0.1 7.5
426k-450k 53 41 3 0.1 7.8
451k-475k 39 36 6 0.2 6.5
476k-500k 47 34 5 0.1 8.3
501k-550k 59 53 6 0.1 6.7
551k-600k 61 40 7 0.1 9.2
601k-650k 41 42 7 0.2 5.9
651k-700k 35 27 4 0.1 7.8
701k-750k 34 23 1 0.1 8.9
751k-800k 30 21 0.1 8.6
801k-850k 22 13 4 0.1 10.2
851k-900k 19 10 1 0.1 11.4
901k-950k 24 10 1 0.1 14.4
951k-1m 18 9 2 0.1 12
1m-1.1m 14 8 3 0.1 10.5
1.1m-1.2m 18 9 2 0.1 12
1.2m-1.3m 8 6 1 0.1 8
1.3m-1.4m 3 8 1 0.4 2.3
1.4m-1.5m 5 4 2 0.1 7.5
1.5m-1.6m 4 1 0 24
1.6m-1.7m 9 2 0 27
1.7m-1.8m 1 3 1 0.5 2
1.8m-1.9m 4 0
1.9m-2m 6 3 0.1 12
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 2 0
4.5m-5m 1 0

Townhouses 15% 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
126k-150k 1 0.2 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 0
301k-325k 3 1 0.1 18
326k-350k 6 4 0.1 9
351k-375k 2 4 2 0.3 3
376k-400k 2 2 0.2 6
426k-450k 1 0
476k-500k 3 0
501k-550k 1 1 1 0.2 6
601k-650k 1 0

Condos 2% 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
76k-100k 1 2 0.3 3
101k-125k 5 2 0.1 15
126k-150k 13 5 1 0.1 15.6
151k-175k 31 16 1 0.1 11.6
176k-200k 31 18 3 0.1 10.3
201k-225k 20 12 2 0.1 10
226k-250k 21 19 1 0.2 6.6
251k-275k 29 22 3 0.1 7.9
276k-300k 43 19 3 0.1 13.6
301k-325k 24 11 3 0.1 13.1
326k-350k 27 6 2 0 27
351k-375k 26 8 3 0.1 19.5
376k-400k 29 7 1 0 24.9
401k-425k 18 11 3 0.1 9.8
426k-450k 14 1 0 84
451k-475k 11 6 1 0.1 11
476k-500k 15 5 0.1 18
501k-550k 24 4 1 0 36
551k-600k 12 2 0 36
601k-650k 8 2 0 24
651k-700k 5 0
701k-750k 10 2 1 0 30
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 2% 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
1k-25k 393 172 26 0.1 13.7
26k-50k 344 102 15 0 20.2
51k-75k 137 45 1 0.1 18.3
76k-100k 80 22 2 0 21.8
101k-125k 47 11 3 0 25.6
126k-150k 32 8 1 0 24
151k-175k 20 12 1 0.1 10
176k-200k 23 3 0 46
201k-225k 16 5 0.1 19.2
226k-250k 14 2 0 42
251k-275k 14 5 0.1 16.8
276k-300k 22 5 2 0 26.4
301k-325k 10 1 0 60
326k-350k 17 2 0 51
351k-375k 8 3 0.1 16
376k-400k 12 1 0 72
401k-425k 7 2 0 21
426k-450k 7 2 1 0 21
451k-475k 5 0
476k-500k 7 0
501k-550k 5 0
551k-600k 5 1 0 30
601k-650k 6 0
651k-700k 2 0
701k-750k 3 0
751k-800k 12 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 6 0
1m-1.1m 4 1 0 24
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 3 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
5.01m-6m 2 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0