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
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 2 0
151k-175k 2 5 3 0.4 2.4
176k-200k 4 17 4 0.7 1.4
201k-225k 1 22 6 3.7 0.3
226k-250k 18 29 3 0.3 3.7
251k-275k 29 58 10 0.3 3
276k-300k 51 82 11 0.3 3.7
301k-325k 58 88 16 0.3 4
326k-350k 60 159 17 0.4 2.3
351k-375k 64 169 24 0.4 2.3
376k-400k 75 190 27 0.4 2.4
401k-425k 73 177 26 0.4 2.5
426k-450k 81 184 25 0.4 2.6
451k-475k 54 154 24 0.5 2.1
476k-500k 108 191 27 0.3 3.4
501k-550k 140 285 50 0.3 2.9
551k-600k 140 214 35 0.3 3.9
601k-650k 92 210 24 0.4 2.6
651k-700k 89 157 19 0.3 3.4
701k-750k 90 132 13 0.2 4.1
751k-800k 62 101 20 0.3 3.7
801k-850k 54 89 12 0.3 3.6
851k-900k 53 76 11 0.2 4.2
901k-950k 44 48 3 0.2 5.5
951k-1m 48 49 6 0.2 5.9
1m-1.1m 35 61 5 0.3 3.4
1.1m-1.2m 48 42 5 0.1 6.9
1.2m-1.3m 30 39 9 0.2 4.6
1.3m-1.4m 25 43 5 0.3 3.5
1.4m-1.5m 21 27 6 0.2 4.7
1.5m-1.6m 14 32 7 0.4 2.6
1.6m-1.7m 16 13 1 0.1 7.4
1.7m-1.8m 11 19 0.3 3.5
1.8m-1.9m 16 21 5 0.2 4.6
1.9m-2m 20 8 0.1 15
2m-2.25m 19 31 1 0.3 3.7
2.25m-2.5m 10 16 2 0.3 3.8
2.5m-2.75m 5 15 1 0.5 2
2.75m-3m 16 6 1 0.1 16
3m-3.5m 20 17 1 0.1 7.1
3.5m-4m 9 11 1 0.2 4.9
4m-4.5m 9 3 0.1 18
4.5m-5m 8 3 0.1 16
5.01m-6m 12 5 1 0.1 14.4
6.01m-7m 4 2 0.1 12
7.01m-8m 1 0.2 0
8.01m-9m 2 1 0.1 12
9.01m-10m 1 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