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
226k-250k 2 0.3 0
276k-300k 3 8 1 0.4 2.3
301k-325k 10 21 6 0.4 2.9
326k-350k 26 51 11 0.3 3.1
351k-375k 39 60 13 0.3 3.9
376k-400k 31 89 18 0.5 2.1
401k-425k 34 91 18 0.4 2.2
426k-450k 43 82 9 0.3 3.1
451k-475k 28 65 9 0.4 2.6
476k-500k 40 81 16 0.3 3
501k-550k 47 82 9 0.3 3.4
551k-600k 47 62 6 0.2 4.5
601k-650k 33 52 4 0.3 3.8
651k-700k 28 39 4 0.2 4.3
701k-750k 28 29 1 0.2 5.8
751k-800k 16 21 1 0.2 4.6
801k-850k 4 11 4 0.5 2.2
851k-900k 9 14 2 0.3 3.9
901k-950k 7 5 0.1 8.4
951k-1m 3 6 0.3 3
1m-1.1m 4 8 0.3 3
1.1m-1.2m 5 4 3 0.1 7.5
1.2m-1.3m 3 7 0.4 2.6
1.3m-1.4m 6 2 0.1 18
1.4m-1.5m 4 5 1 0.2 4.8
1.5m-1.6m 1 2 0.3 3
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
1.9m-2m 2 0
3.5m-4m 1 0