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 1 1.7 0.6
176k-200k 4 15 2 0.6 1.6
201k-225k 3 23 5 1.3 0.8
226k-250k 20 25 1 0.2 4.8
251k-275k 29 53 9 0.3 3.3
276k-300k 52 78 17 0.3 4
301k-325k 39 93 14 0.4 2.5
326k-350k 56 138 19 0.4 2.4
351k-375k 67 157 22 0.4 2.6
376k-400k 81 174 27 0.4 2.8
401k-425k 63 162 21 0.4 2.3
426k-450k 84 148 15 0.3 3.4
451k-475k 62 149 17 0.4 2.5
476k-500k 79 159 18 0.3 3
501k-550k 132 271 49 0.3 2.9
551k-600k 125 193 25 0.3 3.9
601k-650k 85 187 21 0.4 2.7
651k-700k 75 123 14 0.3 3.7
701k-750k 88 119 19 0.2 4.4
751k-800k 46 82 7 0.3 3.4
801k-850k 45 82 21 0.3 3.3
851k-900k 48 75 7 0.3 3.8
901k-950k 32 50 9 0.3 3.8
951k-1m 38 46 6 0.2 5
1m-1.1m 30 48 6 0.3 3.8
1.1m-1.2m 51 36 7 0.1 8.5
1.2m-1.3m 26 36 7 0.2 4.3
1.3m-1.4m 23 36 2 0.3 3.8
1.4m-1.5m 24 25 5 0.2 5.8
1.5m-1.6m 9 25 1 0.5 2.2
1.6m-1.7m 13 9 1 0.1 8.7
1.7m-1.8m 14 16 1 0.2 5.3
1.8m-1.9m 12 16 2 0.2 4.5
1.9m-2m 18 7 2 0.1 15.4
2m-2.25m 18 21 2 0.2 5.1
2.25m-2.5m 14 13 1 0.2 6.5
2.5m-2.75m 4 14 0.6 1.7
2.75m-3m 11 5 2 0.1 13.2
3m-3.5m 16 15 3 0.2 6.4
3.5m-4m 12 11 2 0.2 6.5
4m-4.5m 6 2 0.1 18
4.5m-5m 8 2 0 24
5.01m-6m 8 6 1 0.1 8
6.01m-7m 4 1 0 24
8.01m-9m 2 0
9.01m-10m 3 0
10.01m-11m 1 0.2 0
11.01m-12m 3 0
12.01m-13m 1 1 0.2 6
14.01m-15m 1 0