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 4 0.3 3
251k-275k 3 10 1 0.6 1.8
276k-300k 11 14 2 0.2 4.7
301k-325k 9 22 2 0.4 2.5
326k-350k 11 33 1 0.5 2
351k-375k 19 42 6 0.4 2.7
376k-400k 26 39 6 0.3 4
401k-425k 19 51 8 0.4 2.2
426k-450k 15 36 2 0.4 2.5
451k-475k 15 52 19 0.6 1.7
476k-500k 26 50 5 0.3 3.1
501k-550k 36 78 15 0.4 2.8
551k-600k 47 54 8 0.2 5.2
601k-650k 34 72 7 0.4 2.8
651k-700k 28 41 4 0.2 4.1
701k-750k 32 33 7 0.2 5.8
751k-800k 27 29 5 0.2 5.6
801k-850k 21 42 9 0.3 3
851k-900k 26 35 3 0.2 4.5
901k-950k 17 25 4 0.2 4.1
951k-1m 21 20 5 0.2 6.3
1m-1.1m 21 20 1 0.2 6.3
1.1m-1.2m 17 10 3 0.1 10.2
1.2m-1.3m 10 11 2 0.2 5.5
1.3m-1.4m 15 13 1 0.1 6.9
1.4m-1.5m 8 11 3 0.2 4.4
1.5m-1.6m 2 8 0.7 1.5
1.6m-1.7m 6 6 1 0.2 6
1.7m-1.8m 4 6 2 0.3 4
1.8m-1.9m 5 9 0.3 3.3
1.9m-2m 9 5 1 0.1 10.8
2m-2.25m 6 7 0.2 5.1
2.25m-2.5m 5 8 1 0.3 3.8
2.5m-2.75m 1 5 0.8 1.2
2.75m-3m 2 1 0.1 12
3m-3.5m 8 4 0.1 12
3.5m-4m 8 4 0.1 12
4m-4.5m 1 0
4.5m-5m 2 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 4 1 0.7 1.5
226k-250k 2 0.3 0
251k-275k 1 0.2 0
276k-300k 6 16 3 0.4 2.3
301k-325k 1 17 4 2.8 0.4
326k-350k 3 8 1 0.4 2.3
351k-375k 4 15 2 0.6 1.6
376k-400k 16 16 4 0.2 6
401k-425k 10 20 2 0.3 3
426k-450k 7 22 3 0.5 1.9
451k-475k 8 18 1 0.4 2.7
476k-500k 14 11 0.1 7.6
501k-550k 9 11 3 0.2 4.9
551k-600k 11 8 1 0.1 8.3
601k-650k 5 6 0.2 5
651k-700k 2 5 0.4 2.4
701k-750k 4 2 0.1 12
751k-800k 3 1 0.1 18
801k-850k 3 2 0.5 0
851k-900k 6 0
901k-950k 3 1 0.5 0
951k-1m 1 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 5 0.8 1.2
126k-150k 6 9 2 0.3 4
151k-175k 11 15 3 0.2 4.4
176k-200k 19 25 2 0.2 4.6
201k-225k 18 13 3 0.1 8.3
226k-250k 9 18 2 0.3 3
251k-275k 16 8 0.1 12
276k-300k 8 8 2 0.2 6
301k-325k 7 2 0 21
326k-350k 7 3 0.1 14
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
851k-900k 1 1 0.2 0
1.1m-1.2m 1 0.2 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0