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 23 4 3.8 0.3
226k-250k 20 30 4 0.3 4
251k-275k 29 52 7 0.3 3.3
276k-300k 48 73 13 0.3 3.9
301k-325k 48 88 12 0.3 3.3
326k-350k 56 137 21 0.4 2.5
351k-375k 67 163 19 0.4 2.5
376k-400k 76 182 28 0.4 2.5
401k-425k 69 162 20 0.4 2.6
426k-450k 76 156 15 0.3 2.9
451k-475k 57 155 35 0.5 2.2
476k-500k 86 164 19 0.3 3.1
501k-550k 128 272 50 0.4 2.8
551k-600k 132 204 31 0.3 3.9
601k-650k 86 197 30 0.4 2.6
651k-700k 75 139 16 0.3 3.2
701k-750k 88 119 19 0.2 4.4
751k-800k 52 92 7 0.3 3.4
801k-850k 40 89 20 0.4 2.7
851k-900k 53 75 8 0.2 4.2
901k-950k 38 51 10 0.2 4.5
951k-1m 39 52 13 0.2 4.5
1m-1.1m 31 51 5 0.3 3.6
1.1m-1.2m 50 38 8 0.1 7.9
1.2m-1.3m 29 36 6 0.2 4.8
1.3m-1.4m 26 39 3 0.3 4
1.4m-1.5m 22 28 8 0.2 4.7
1.5m-1.6m 13 27 2 0.3 2.9
1.6m-1.7m 16 10 2 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 15 8 3 0.1 11.3
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 17 17 2 0.2 6
3.5m-4m 12 12 2 0.2 6
4m-4.5m 6 2 0.1 18
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 2 0
10.01m-11m 1 0.2 0
11.01m-12m 3 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0