Absorption Report

Polk 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
51k-75k 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 4 5 2 0.2 4.8
126k-150k 6 10 0.3 3.6
151k-175k 4 13 1 0.5 1.8
176k-200k 21 28 1 0.2 4.5
201k-225k 15 45 11 0.5 2
226k-250k 36 76 18 0.4 2.8
251k-275k 55 113 25 0.3 2.9
276k-300k 127 248 46 0.3 3.1
301k-325k 184 361 65 0.3 3.1
326k-350k 233 334 47 0.2 4.2
351k-375k 184 245 40 0.2 4.5
376k-400k 157 166 23 0.2 5.7
401k-425k 90 96 18 0.2 5.6
426k-450k 101 82 13 0.1 7.4
451k-475k 43 55 8 0.2 4.7
476k-500k 55 36 1 0.1 9.2
501k-550k 66 54 7 0.1 7.3
551k-600k 43 24 6 0.1 10.8
601k-650k 23 20 2 0.1 6.9
651k-700k 24 12 0.1 12
701k-750k 16 10 0.1 9.6
751k-800k 13 7 1 0.1 11.1
801k-850k 12 6 2 0.1 12
851k-900k 9 4 0.1 13.5
901k-950k 4 2 0.1 12
951k-1m 6 2 0.1 18
1m-1.1m 4 4 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.9m-2m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 1 0
6.01m-7m 1 0