Absorption Report

Wesley Chapel, FL, House

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
276k-300k 3 8 3 0.4 2.3
301k-325k 11 22 6 0.3 3
326k-350k 27 47 6 0.3 3.4
351k-375k 33 53 10 0.3 3.7
376k-400k 31 80 12 0.4 2.3
401k-425k 42 91 12 0.4 2.8
426k-450k 41 72 6 0.3 3.4
451k-475k 26 48 4 0.3 3.3
476k-500k 42 75 10 0.3 3.4
501k-550k 42 63 4 0.3 4
551k-600k 34 57 10 0.3 3.6
601k-650k 30 50 8 0.3 3.6
651k-700k 21 36 5 0.3 3.5
701k-750k 25 27 5 0.2 5.6
751k-800k 16 16 3 0.2 6
801k-850k 8 11 2 0.2 4.4
851k-900k 8 10 0.2 4.8
901k-950k 6 7 3 0.2 5.1
951k-1m 5 5 0.2 6
1m-1.1m 9 6 0.1 9
1.1m-1.2m 5 5 1 0.2 6
1.2m-1.3m 3 6 0.3 3
1.3m-1.4m 5 3 1 0.1 10
1.4m-1.5m 3 5 0.3 3.6
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.9m-2m 1 0
3.5m-4m 1 0