Absorption Report

Tampa, Lakeview at Citrus Park

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
176k-200k 2 1 0.3 0
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 6 1 0
276k-300k 9 13 4 0.2 4.2
301k-325k 11 45 6 0.7 1.5
326k-350k 21 94 17 0.7 1.3
351k-375k 37 107 21 0.5 2.1
376k-400k 44 113 24 0.4 2.3
401k-425k 62 110 21 0.3 3.4
426k-450k 62 97 22 0.3 3.8
451k-475k 40 58 10 0.2 4.1
476k-500k 29 50 8 0.3 3.5
501k-550k 49 60 13 0.2 4.9
551k-600k 27 46 12 0.3 3.5
601k-650k 20 29 4 0.2 4.1
651k-700k 23 26 6 0.2 5.3
701k-750k 6 11 3 0.3 3.3
751k-800k 4 11 5 0.5 2.2
801k-850k 3 5 2 0.3 3.6
851k-900k 13 5 1 0.1 15.6
901k-950k 4 1 0 24
951k-1m 3 1 0.1 18
1m-1.1m 2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.7m-1.8m 1 0
1.8m-1.9m 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
201k-225k 1 4 0.7 1.5
226k-250k 22 29 8 0.2 4.6
251k-275k 21 20 5 0.2 6.3
276k-300k 29 35 10 0.2 5
301k-325k 11 13 3 0.2 5.1
326k-350k 20 29 8 0.2 4.1
351k-375k 2 1 0.1 12
376k-400k 5 10 1 0.3 3
401k-425k 3 0
426k-450k 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
126k-150k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 1 7 2 1.2 0.9
201k-225k 5 8 2 0.3 3.8
226k-250k 2 0
251k-275k 1 1 0.2 0
276k-300k 3 1 0.5 0
301k-325k 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
51k-75k 2 0.3 0
101k-125k 1 0
126k-150k 1 2 0.3 3
151k-175k 1 1 0.2 6
176k-200k 2 0
201k-225k 1 0
301k-325k 1 0.2 0
326k-350k 1 0
376k-400k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
601k-650k 1 0
651k-700k 2 0
751k-800k 1 0
851k-900k 2 1 0.1 12
951k-1m 2 0
1.2m-1.3m 1 0
1.4m-1.5m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
5.01m-6m 1 0