Absorption Report

Orange School District, New Construction

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
151k-175k 1 0.2 0
226k-250k 2 5 0.4 2.4
251k-275k 2 11 1 0.9 1.1
276k-300k 11 13 0.2 5.1
301k-325k 10 22 3 0.4 2.7
326k-350k 11 37 1 0.6 1.8
351k-375k 22 42 5 0.3 3.1
376k-400k 25 40 4 0.3 3.8
401k-425k 19 51 5 0.4 2.2
426k-450k 16 38 2 0.4 2.5
451k-475k 14 50 16 0.6 1.7
476k-500k 26 53 8 0.3 2.9
501k-550k 35 89 18 0.4 2.4
551k-600k 43 54 5 0.2 4.8
601k-650k 34 70 6 0.3 2.9
651k-700k 28 41 4 0.2 4.1
701k-750k 29 34 3 0.2 5.1
751k-800k 27 28 3 0.2 5.8
801k-850k 21 40 5 0.3 3.2
851k-900k 25 35 5 0.2 4.3
901k-950k 20 24 2 0.2 5
951k-1m 25 18 2 0.1 8.3
1m-1.1m 18 22 1 0.2 4.9
1.1m-1.2m 21 10 2 0.1 12.6
1.2m-1.3m 11 10 1 0.2 6.6
1.3m-1.4m 12 15 1 0.2 4.8
1.4m-1.5m 8 10 1 0.2 4.8
1.5m-1.6m 3 9 1 0.5 2
1.6m-1.7m 6 6 0.2 6
1.7m-1.8m 5 7 2 0.2 4.3
1.8m-1.9m 5 10 1 0.3 3
1.9m-2m 7 6 1 0.1 7
2m-2.25m 6 7 0.2 5.1
2.25m-2.5m 4 8 1 0.3 3
2.5m-2.75m 2 6 0.5 2
2.75m-3m 2 1 0.1 12
3m-3.5m 7 4 0.1 10.5
3.5m-4m 6 4 0.1 9
4m-4.5m 3 0
4.5m-5m 3 0
5.01m-6m 7 2 1 0 21
6.01m-7m 1 1 0.2 6
10.01m-11m 1 0.2 0
14.01m-15m 2 0

Townhouses 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
201k-225k 1 3 0.5 2
226k-250k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 5 15 3 0.5 2
301k-325k 1 15 2 2.5 0.4
326k-350k 1 8 1 1.3 0.8
351k-375k 5 15 2 0.5 2
376k-400k 13 16 3 0.2 4.9
401k-425k 13 22 3 0.3 3.5
426k-450k 6 23 4 0.6 1.6
451k-475k 7 18 0.4 2.3
476k-500k 13 13 1 0.2 6
501k-550k 11 13 4 0.2 5.1
551k-600k 12 8 2 0.1 9
601k-650k 5 7 0.2 4.3
651k-700k 3 5 0.3 3.6
701k-750k 5 2 0.1 15
751k-800k 2 1 0.1 12
801k-850k 1 2 1 0.3 3
851k-900k 6 0
901k-950k 3 1 0.5 0
951k-1m 2 0
1.3m-1.4m 1 1 0.2 0

Condos 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
101k-125k 1 8 1.3 0.8
126k-150k 4 9 2 0.4 2.7
151k-175k 10 15 3 0.3 4
176k-200k 17 24 1 0.2 4.3
201k-225k 16 13 4 0.1 7.4
226k-250k 10 18 2 0.3 3.3
251k-275k 16 9 0.1 10.7
276k-300k 7 8 1 0.2 5.3
301k-325k 8 2 0 24
326k-350k 6 3 0.1 12
351k-375k 1 3 0.5 2
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 1 2 0.3 3
451k-475k 1 1 0.2 6
476k-500k 3 2 0.1 9
501k-550k 3 1 0.1 18
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0.2 0
801k-850k 2 0
1.1m-1.2m 1 0.2 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0