Absorption Report

Winter Garden, Oakland 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
76k-100k 1 0.2 0
101k-125k 1 1 1 0.2 6
126k-150k 3 5 2 0.3 3.6
151k-175k 3 12 1 0.7 1.5
176k-200k 8 13 4 0.3 3.7
201k-225k 4 24 5 1 1
226k-250k 8 38 5 0.8 1.3
251k-275k 13 61 14 0.8 1.3
276k-300k 34 87 15 0.4 2.3
301k-325k 44 79 14 0.3 3.3
326k-350k 41 119 29 0.5 2.1
351k-375k 38 102 21 0.4 2.2
376k-400k 69 125 16 0.3 3.3
401k-425k 39 113 21 0.5 2.1
426k-450k 46 125 23 0.5 2.2
451k-475k 45 89 27 0.3 3
476k-500k 71 104 28 0.2 4.1
501k-550k 97 133 32 0.2 4.4
551k-600k 106 142 37 0.2 4.5
601k-650k 70 91 18 0.2 4.6
651k-700k 45 72 16 0.3 3.8
701k-750k 33 57 14 0.3 3.5
751k-800k 38 48 12 0.2 4.8
801k-850k 30 45 6 0.3 4
851k-900k 19 31 4 0.3 3.7
901k-950k 21 22 6 0.2 5.7
951k-1m 17 14 2 0.1 7.3
1m-1.1m 18 33 4 0.3 3.3
1.1m-1.2m 26 26 4 0.2 6
1.2m-1.3m 32 22 6 0.1 8.7
1.3m-1.4m 16 20 5 0.2 4.8
1.4m-1.5m 14 10 4 0.1 8.4
1.5m-1.6m 13 11 4 0.1 7.1
1.6m-1.7m 8 8 2 0.2 6
1.7m-1.8m 5 6 1 0.2 5
1.8m-1.9m 5 8 5 0.3 3.8
1.9m-2m 10 4 1 0.1 15
2m-2.25m 8 11 3 0.2 4.4
2.25m-2.5m 7 8 4 0.2 5.3
2.5m-2.75m 8 4 0.1 12
2.75m-3m 8 6 2 0.1 8
3m-3.5m 4 5 0.2 4.8
3.5m-4m 2 2 0.2 6
4m-4.5m 5 1 1 0 30
4.5m-5m 4 1 0 24
5.01m-6m 1 1 0.2 6
6.01m-7m 2 0
7.01m-8m 5 1 0 30
9.01m-10m 2 0
11.01m-12m 2 0
49.01m-50m 1 0