Absorption Report

Seminole 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
126k-150k 1 0
151k-175k 3 0.5 0
176k-200k 2 3 0.3 4
201k-225k 3 0.5 0
226k-250k 3 7 1 0.4 2.6
251k-275k 5 13 1 0.4 2.3
276k-300k 13 22 6 0.3 3.5
301k-325k 7 28 2 0.7 1.5
326k-350k 12 49 6 0.7 1.5
351k-375k 11 54 4 0.8 1.2
376k-400k 23 70 10 0.5 2
401k-425k 22 70 7 0.5 1.9
426k-450k 34 67 9 0.3 3
451k-475k 26 71 11 0.5 2.2
476k-500k 25 56 6 0.4 2.7
501k-550k 29 97 13 0.6 1.8
551k-600k 17 69 11 0.7 1.5
601k-650k 26 55 7 0.4 2.8
651k-700k 14 40 3 0.5 2.1
701k-750k 13 38 3 0.5 2.1
751k-800k 13 36 3 0.5 2.2
801k-850k 7 23 3 0.5 1.8
851k-900k 13 19 1 0.2 4.1
901k-950k 2 17 2 1.4 0.7
951k-1m 7 7 3 0.2 6
1m-1.1m 9 14 2 0.3 3.9
1.1m-1.2m 7 10 1 0.2 4.2
1.2m-1.3m 5 7 0.2 4.3
1.3m-1.4m 2 5 0.4 2.4
1.4m-1.5m 1 4 1 0.7 1.5
1.5m-1.6m 3 0
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 2 0.3 0
2.25m-2.5m 1 1 0.2 6
3m-3.5m 2 0