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 15% 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 10 11 3 0.2 5.5
376k-400k 13 22 4 0.3 3.5
401k-425k 9 14 3 0.3 3.9
426k-450k 15 26 3 0.3 3.5
451k-475k 13 17 3 0.2 4.6
476k-500k 25 30 3 0.2 5
501k-550k 49 28 2 0.1 10.5
551k-600k 50 48 4 0.2 6.3
601k-650k 46 42 6 0.2 6.6
651k-700k 57 38 10 0.1 9
701k-750k 42 50 6 0.2 5
751k-800k 43 39 15 0.2 6.6
801k-850k 42 29 4 0.1 8.7
851k-900k 28 33 6 0.2 5.1
901k-950k 29 18 3 0.1 9.7
951k-1m 33 21 5 0.1 9.4
1m-1.1m 41 20 5 0.1 12.3
1.1m-1.2m 39 28 8 0.1 8.4
1.2m-1.3m 35 21 4 0.1 10
1.3m-1.4m 26 17 4 0.1 9.2
1.4m-1.5m 27 15 2 0.1 10.8
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 8 2 0.1 10.5
1.8m-1.9m 18 9 3 0.1 12
1.9m-2m 22 12 1 0.1 11
2m-2.25m 23 15 5 0.1 9.2
2.25m-2.5m 28 8 2 0 21
2.5m-2.75m 15 10 2 0.1 9
2.75m-3m 22 8 2 0.1 16.5
3m-3.5m 34 10 6 0 20.4
3.5m-4m 30 9 4 0.1 20
4m-4.5m 18 2 1 0 54
4.5m-5m 15 3 1 0 30
5.01m-6m 37 10 2 0 22.2
6.01m-7m 27 7 3 0 23.1
7.01m-8m 19 3 1 0 38
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