Absorption Report

Tampa, Land, Palma Ceia West


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 29% 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
76k-100k 1 1 0.2 6
101k-125k 2 5 1 0.4 2.4
126k-150k 1 5 1 0.8 1.2
151k-175k 1 5 0.8 1.2
176k-200k 3 4 0.2 4.5
201k-225k 2 10 2 0.8 1.2
226k-250k 8 13 2 0.3 3.7
251k-275k 5 25 5 0.8 1.2
276k-300k 17 30 4 0.3 3.4
301k-325k 22 44 9 0.3 3
326k-350k 39 56 10 0.2 4.2
351k-375k 23 43 6 0.3 3.2
376k-400k 34 31 7 0.2 6.6
401k-425k 17 26 5 0.3 3.9
426k-450k 25 27 9 0.2 5.6
451k-475k 19 21 5 0.2 5.4
476k-500k 22 29 11 0.2 4.6
501k-550k 25 14 2 0.1 10.7
551k-600k 22 21 6 0.2 6.3
601k-650k 10 4 1 0.1 15
651k-700k 14 9 2 0.1 9.3
701k-750k 5 6 0.2 5
751k-800k 6 5 0.1 7.2
801k-850k 3 3 0.2 6
851k-900k 5 3 1 0.1 10
901k-950k 3 0
951k-1m 1 4 0.7 1.5
1m-1.1m 5 2 1 0.1 15
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 2 0.3 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
1.6m-1.7m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 2 0
4.5m-5m 2 0