Absorption Report

Orange 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 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 0
151k-175k 1 10 5 1.7 0.6
176k-200k 3 14 2 0.8 1.3
201k-225k 1 24 4 4 0.3
226k-250k 17 30 4 0.3 3.4
251k-275k 26 52 11 0.3 3
276k-300k 46 73 14 0.3 3.8
301k-325k 49 88 14 0.3 3.3
326k-350k 56 138 22 0.4 2.4
351k-375k 66 163 20 0.4 2.4
376k-400k 78 179 28 0.4 2.6
401k-425k 72 159 18 0.4 2.7
426k-450k 78 154 15 0.3 3
451k-475k 58 155 35 0.4 2.2
476k-500k 86 162 18 0.3 3.2
501k-550k 131 271 53 0.3 2.9
551k-600k 134 200 30 0.2 4
601k-650k 83 196 28 0.4 2.5
651k-700k 80 138 15 0.3 3.5
701k-750k 87 117 17 0.2 4.5
751k-800k 52 92 8 0.3 3.4
801k-850k 42 87 20 0.3 2.9
851k-900k 54 74 7 0.2 4.4
901k-950k 37 48 7 0.2 4.6
951k-1m 39 51 12 0.2 4.6
1m-1.1m 32 51 6 0.3 3.8
1.1m-1.2m 50 38 10 0.1 7.9
1.2m-1.3m 28 36 6 0.2 4.7
1.3m-1.4m 27 38 4 0.2 4.3
1.4m-1.5m 22 27 7 0.2 4.9
1.5m-1.6m 12 27 2 0.4 2.7
1.6m-1.7m 16 10 3 0.1 9.6
1.7m-1.8m 12 18 4 0.3 4
1.8m-1.9m 9 18 2 0.3 3
1.9m-2m 16 8 3 0.1 12
2m-2.25m 19 24 2 0.2 4.8
2.25m-2.5m 13 16 3 0.2 4.9
2.5m-2.75m 4 14 3 0.6 1.7
2.75m-3m 15 3 0 30
3m-3.5m 18 17 3 0.2 6.4
3.5m-4m 11 12 2 0.2 5.5
4m-4.5m 7 2 0 21
4.5m-5m 8 3 0.1 16
5.01m-6m 11 6 2 0.1 11
6.01m-7m 4 2 0.1 12
8.01m-9m 1 1 0.2 6
9.01m-10m 1 0
10.01m-11m 1 0.2 0
11.01m-12m 3 0
12.01m-13m 1 1 0.2 6
14.01m-15m 3 0