Absorption Report

Winter 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 15% 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 0.2 0
251k-275k 1 0.2 0
276k-300k 1 1 0.2 6
301k-325k 2 6 1 0.5 2
326k-350k 3 3 0.2 6
351k-375k 1 4 0.7 1.5
376k-400k 3 10 2 0.6 1.8
401k-425k 1 5 2 0.8 1.2
426k-450k 8 12 2 0.3 4
451k-475k 1 12 2 0.5
476k-500k 9 13 2 0.2 4.2
501k-550k 23 29 4 0.2 4.8
551k-600k 26 22 5 0.1 7.1
601k-650k 14 19 3 0.2 4.4
651k-700k 18 21 2 0.2 5.1
701k-750k 10 22 3 0.4 2.7
751k-800k 18 28 3 0.3 3.9
801k-850k 25 14 1 0.1 10.7
851k-900k 28 17 2 0.1 9.9
901k-950k 15 14 1 0.2 6.4
951k-1m 12 14 3 0.2 5.1
1m-1.1m 11 21 6 0.3 3.1
1.1m-1.2m 16 21 1 0.2 4.6
1.2m-1.3m 11 8 0.1 8.3
1.3m-1.4m 5 7 1 0.2 4.3
1.4m-1.5m 2 6 1 0.5 2
1.5m-1.6m 2 0
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 4 3 1 0.1 8
1.9m-2m 3 1 0.1 18
2m-2.25m 6 8 1 0.2 4.5
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 4 3 2 0.1 8
2.75m-3m 6 4 0.1 9
3m-3.5m 4 1 0 24
3.5m-4m 5 2 0.1 15
4m-4.5m 5 1 0 30
4.5m-5m 3 1 0.1 18
5.01m-6m 5 1 0 30
6.01m-7m 3 2 0.1 9
7.01m-8m 3 0
9.01m-10m 1 1 0.2 6
10.01m-11m 1 1 0.2 6
12.01m-13m 1 1 0.2 0
13.01m-14m 1 0
20.01m-21m 1 0
21.01m-22m 1 0

Townhouses 29% 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
251k-275k 2 0.3 0
351k-375k 3 1 0.5 0
376k-400k 2 0.3 0
401k-425k 3 3 0.2 6
426k-450k 3 3 1 0.2 6
451k-475k 5 2 0.1 15
476k-500k 2 2 1 0.2 6
501k-550k 1 2 1 0.3 3
551k-600k 2 0
601k-650k 1 0.2 0
2m-2.25m 1 0

Condos 12% 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 6 4 0.1 9
201k-225k 1 4 3 0.7 1.5
226k-250k 4 5 0.2 4.8
251k-275k 9 5 0.1 10.8
276k-300k 22 8 1 0.1 16.5
301k-325k 14 14 0.2 6
326k-350k 24 17 2 0.1 8.5
351k-375k 15 9 1 0.1 10
376k-400k 24 23 5 0.2 6.3
401k-425k 18 17 4 0.2 6.4
426k-450k 23 16 1 0.1 8.6
451k-475k 17 4 1 0 25.5
476k-500k 14 17 3 0.2 4.9
501k-550k 15 16 4 0.2 5.6
551k-600k 11 13 1 0.2 5.1
601k-650k 24 17 2 0.1 8.5
651k-700k 21 7 0.1 18
701k-750k 12 7 1 0.1 10.3
751k-800k 3 6 1 0.3 3
801k-850k 4 1 0 24
851k-900k 3 1 0.1 18
901k-950k 4 4 1 0.2 6
951k-1m 10 5 1 0.1 12
1m-1.1m 4 3 0.1 8
1.1m-1.2m 2 6 0.5 2
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 3 0.3 4
1.7m-1.8m 4 1 0 24
1.8m-1.9m 3 1 0.1 18
1.9m-2m 4 1 1 0 24
2m-2.25m 7 3 0.1 14
2.25m-2.5m 4 3 0.1 8
2.5m-2.75m 4 1 1 0 24
2.75m-3m 5 3 1 0.1 10
3m-3.5m 3 3 0.2 6
3.5m-4m 5 2 1 0.1 15
4m-4.5m 7 0
4.5m-5m 3 2 0.1 9
5.01m-6m 2 0
6.01m-7m 1 0
9.01m-10m 1 0
15.01m-16m 1 1 0.2 6

Land 9% 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
26k-50k 3 1 0.1 18
51k-75k 1 4 1 0.7 1.5
76k-100k 2 0
101k-125k 1 2 0.3 3
126k-150k 6 0
151k-175k 5 3 1 0.1 10
176k-200k 5 9 2 0.3 3.3
201k-225k 2 2 0.2 6
226k-250k 10 3 0.1 20
251k-275k 3 2 0.1 9
276k-300k 5 0
301k-325k 2 0
326k-350k 4 1 0 24
351k-375k 1 0
376k-400k 4 1 0 24
401k-425k 2 2 0.2 6
426k-450k 2 2 1 0.2 6
451k-475k 1 0
476k-500k 5 1 0 30
501k-550k 2 1 0.1 12
551k-600k 2 0
651k-700k 2 2 0.2 6
701k-750k 2 0
751k-800k 5 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 1 0.2 0
1m-1.1m 1 2 0.3 3
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 1 0.2 0
1.5m-1.6m 2 0
1.6m-1.7m 2 0
2.25m-2.5m 1 0
2.75m-3m 1 0
3m-3.5m 3 0
4m-4.5m 2 1 0.1 12
5.01m-6m 2 0
6.01m-7m 2 0
7.01m-8m 1 1 0.2 6
9.01m-10m 1 0