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 4 1 0.2 6
126k-150k 9 10 0.2 5.4
151k-175k 4 13 1 0.5 1.8
176k-200k 19 27 4 0.2 4.2
201k-225k 17 46 9 0.5 2.2
226k-250k 40 75 16 0.3 3.2
251k-275k 49 114 22 0.4 2.6
276k-300k 117 251 42 0.4 2.8
301k-325k 185 362 57 0.3 3.1
326k-350k 225 343 47 0.3 3.9
351k-375k 184 246 40 0.2 4.5
376k-400k 154 174 25 0.2 5.3
401k-425k 87 95 13 0.2 5.5
426k-450k 100 85 14 0.1 7.1
451k-475k 42 63 8 0.3 4
476k-500k 57 39 1 0.1 8.8
501k-550k 61 57 9 0.2 6.4
551k-600k 45 26 7 0.1 10.4
601k-650k 23 20 2 0.1 6.9
651k-700k 25 14 0.1 10.7
701k-750k 19 12 1 0.1 9.5
751k-800k 13 7 1 0.1 11.1
801k-850k 14 5 3 0.1 16.8
851k-900k 11 4 0.1 16.5
901k-950k 4 2 0.1 12
951k-1m 4 2 0.1 12
1m-1.1m 2 4 0.3 3
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 1 2 0.3 3
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