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 6 3 1 1
176k-200k 2 17 4 1.4 0.7
201k-225k 22 5 3.7 0
226k-250k 21 29 3 0.2 4.3
251k-275k 27 56 13 0.3 2.9
276k-300k 50 82 9 0.3 3.7
301k-325k 58 91 17 0.3 3.8
326k-350k 61 152 17 0.4 2.4
351k-375k 65 172 26 0.4 2.3
376k-400k 75 188 24 0.4 2.4
401k-425k 77 172 22 0.4 2.7
426k-450k 82 181 20 0.4 2.7
451k-475k 55 149 19 0.5 2.2
476k-500k 107 185 22 0.3 3.5
501k-550k 136 281 47 0.3 2.9
551k-600k 139 210 32 0.3 4
601k-650k 90 208 23 0.4 2.6
651k-700k 89 153 13 0.3 3.5
701k-750k 88 129 10 0.2 4.1
751k-800k 64 100 18 0.3 3.8
801k-850k 52 90 12 0.3 3.5
851k-900k 50 75 11 0.3 4
901k-950k 44 47 2 0.2 5.6
951k-1m 47 48 6 0.2 5.9
1m-1.1m 35 59 5 0.3 3.6
1.1m-1.2m 46 41 5 0.1 6.7
1.2m-1.3m 31 36 6 0.2 5.2
1.3m-1.4m 25 43 7 0.3 3.5
1.4m-1.5m 25 26 6 0.2 5.8
1.5m-1.6m 13 30 6 0.4 2.6
1.6m-1.7m 16 14 2 0.1 6.9
1.7m-1.8m 11 18 0.3 3.7
1.8m-1.9m 14 21 4 0.3 4
1.9m-2m 18 8 0.1 13.5
2m-2.25m 17 31 1 0.3 3.3
2.25m-2.5m 10 17 3 0.3 3.5
2.5m-2.75m 4 15 1 0.6 1.6
2.75m-3m 17 5 1 0 20.4
3m-3.5m 20 17 1 0.1 7.1
3.5m-4m 9 11 1 0.2 4.9
4m-4.5m 8 3 0.1 16
4.5m-5m 8 3 0.1 16
5.01m-6m 11 5 1 0.1 13.2
6.01m-7m 3 2 0.1 9
7.01m-8m 1 0.2 0
8.01m-9m 2 1 0.1 12
9.01m-10m 2 0
10.01m-11m 2 0.3 0
11.01m-12m 3 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 1 0