Absorption Report

Volusia 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 1 0.2 6
126k-150k 1 3 1 0.5 2
151k-175k 2 8 2 0.7 1.5
176k-200k 3 11 1 0.6 1.6
201k-225k 5 20 4 0.7 1.5
226k-250k 19 42 7 0.4 2.7
251k-275k 26 42 7 0.3 3.7
276k-300k 51 70 14 0.2 4.4
301k-325k 49 90 15 0.3 3.3
326k-350k 67 93 18 0.2 4.3
351k-375k 58 74 12 0.2 4.7
376k-400k 58 65 13 0.2 5.4
401k-425k 29 44 6 0.3 4
426k-450k 48 39 5 0.1 7.4
451k-475k 27 36 5 0.2 4.5
476k-500k 20 24 4 0.2 5
501k-550k 34 48 10 0.2 4.3
551k-600k 28 30 6 0.2 5.6
601k-650k 21 25 6 0.2 5
651k-700k 18 13 3 0.1 8.3
701k-750k 11 8 3 0.1 8.3
751k-800k 9 13 2 0.2 4.2
801k-850k 5 3 1 0.1 10
851k-900k 4 3 0.1 8
901k-950k 3 1 1 0.1 18
951k-1m 1 0.2 0
1m-1.1m 2 7 0.6 1.7
1.1m-1.2m 1 4 0.7 1.5
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 4 3 0.1 8
1.4m-1.5m 2 2 0.2 6
1.5m-1.6m 1 0.2 0
1.6m-1.7m 3 0
1.7m-1.8m 3 0.5 0
1.8m-1.9m 1 0
1.9m-2m 4 1 0 24
2m-2.25m 1 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
2.75m-3m 2 1 0.1 12
4.5m-5m 1 0
6.01m-7m 1 0
12.01m-13m 1 0