Absorption Report

Collier School District, 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 16% 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
226k-250k 1 0
251k-275k 1 0.2 0
276k-300k 2 0
301k-325k 1 12 1 2 0.5
326k-350k 5 7 1 0.2 4.3
351k-375k 9 11 3 0.2 4.9
376k-400k 13 22 4 0.3 3.5
401k-425k 9 14 3 0.3 3.9
426k-450k 14 26 3 0.3 3.2
451k-475k 14 16 2 0.2 5.3
476k-500k 27 31 3 0.2 5.2
501k-550k 48 28 4 0.1 10.3
551k-600k 48 47 6 0.2 6.1
601k-650k 47 44 6 0.2 6.4
651k-700k 58 37 9 0.1 9.4
701k-750k 41 50 6 0.2 4.9
751k-800k 45 39 16 0.1 6.9
801k-850k 42 29 4 0.1 8.7
851k-900k 25 33 6 0.2 4.5
901k-950k 33 18 3 0.1 11
951k-1m 34 20 4 0.1 10.2
1m-1.1m 40 19 4 0.1 12.6
1.1m-1.2m 40 28 8 0.1 8.6
1.2m-1.3m 35 21 4 0.1 10
1.3m-1.4m 25 16 4 0.1 9.4
1.4m-1.5m 29 15 2 0.1 11.6
1.5m-1.6m 21 17 4 0.1 7.4
1.6m-1.7m 11 9 3 0.1 7.3
1.7m-1.8m 14 7 1 0.1 12
1.8m-1.9m 18 8 2 0.1 13.5
1.9m-2m 22 13 3 0.1 10.2
2m-2.25m 23 15 6 0.1 9.2
2.25m-2.5m 28 8 3 0 21
2.5m-2.75m 16 10 2 0.1 9.6
2.75m-3m 21 8 2 0.1 15.8
3m-3.5m 34 10 6 0 20.4
3.5m-4m 29 9 5 0.1 19.3
4m-4.5m 17 2 1 0 51
4.5m-5m 14 3 1 0 28
5.01m-6m 37 10 2 0 22.2
6.01m-7m 27 7 3 0 23.1
7.01m-8m 18 3 1 0 36
8.01m-9m 8 4 1 0.1 12
9.01m-10m 20 3 2 0 40
10.01m-11m 5 2 1 0.1 15
11.01m-12m 11 2 0 33
12.01m-13m 4 1 0 24
13.01m-14m 7 0
14.01m-15m 10 0
15.01m-16m 2 0
16.01m-17m 3 1 0.1 18
17.01m-18m 1 0
19.01m-20m 1 0
20.01m-21m 2 0
21.01m-22m 2 0
23.01m-24m 2 0
25.01m-26m 3 0
27.01m-28m 1 0
28.01m-29m 1 0
29.01m-30m 1 0
32.01m-33m 1 0
34.01m-35m 1 0
44.01m-45m 1 0.2 0
49.01m-50m 1 0
59.01m-60m 2 0
98.01m-99m 1 0
174.01m-175m 1 0