Absorption Report

Winter Haven, 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
51k-75k 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 2 6 1 0.5 2
126k-150k 1 7 1 1.2 0.9
151k-175k 2 8 4 0.7 1.5
176k-200k 17 29 5 0.3 3.5
201k-225k 24 39 6 0.3 3.7
226k-250k 54 70 6 0.2 4.6
251k-275k 55 95 23 0.3 3.5
276k-300k 121 135 21 0.2 5.4
301k-325k 99 118 10 0.2 5
326k-350k 86 95 16 0.2 5.4
351k-375k 80 72 18 0.2 6.7
376k-400k 48 37 8 0.1 7.8
401k-425k 22 24 3 0.2 5.5
426k-450k 23 21 3 0.2 6.6
451k-475k 15 14 3 0.2 6.4
476k-500k 12 12 1 0.2 6
501k-550k 11 15 3 0.2 4.4
551k-600k 7 4 0.1 10.5
601k-650k 5 1 0 30
651k-700k 8 2 1 0 24
701k-750k 3 3 1 0.2 6
751k-800k 5 2 0.1 15
801k-850k 1 0.2 0
851k-900k 2 2 0.2 6
901k-950k 3 1 0.5 0
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 2 0
1.9m-2m 1 1 0.2 6
3.5m-4m 1 0