Absorption Report

Orange School District, Condo

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

Condos 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 4 7 1 0.3 3.4
101k-125k 9 29 3 0.5 1.9
126k-150k 25 34 8 0.2 4.4
151k-175k 57 63 13 0.2 5.4
176k-200k 80 67 5 0.1 7.2
201k-225k 89 72 10 0.1 7.4
226k-250k 76 79 5 0.2 5.8
251k-275k 51 32 8 0.1 9.6
276k-300k 39 25 2 0.1 9.4
301k-325k 26 24 2 0.2 6.5
326k-350k 25 13 1 0.1 11.5
351k-375k 12 14 1 0.2 5.1
376k-400k 16 7 1 0.1 13.7
401k-425k 3 4 0.2 4.5
426k-450k 2 6 0.5 2
451k-475k 4 4 0.2 6
476k-500k 8 4 0.1 12
501k-550k 13 9 2 0.1 8.7
551k-600k 5 1 0 30
601k-650k 8 3 0.1 16
651k-700k 2 4 0.3 3
701k-750k 1 1 0.2 6
801k-850k 4 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 1 3 0.5 2
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 0.3 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 1 1 0.2 6
3m-3.5m 1 0.2 0
4.5m-5m 1 0