Absorption Report

Polk 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
126k-150k 1 2 0.3 3
151k-175k 3 0.5 0
176k-200k 1 5 1 0.8 1.2
201k-225k 3 13 4 0.7 1.4
226k-250k 13 25 8 0.3 3.1
251k-275k 26 67 16 0.4 2.3
276k-300k 74 172 34 0.4 2.6
301k-325k 145 281 47 0.3 3.1
326k-350k 154 244 40 0.3 3.8
351k-375k 118 168 21 0.2 4.2
376k-400k 94 104 15 0.2 5.4
401k-425k 47 57 4 0.2 4.9
426k-450k 53 40 2 0.1 8
451k-475k 22 30 5 0.2 4.4
476k-500k 15 9 1 0.1 10
501k-550k 27 27 4 0.2 6
551k-600k 17 14 3 0.1 7.3
601k-650k 7 7 0.2 6
651k-700k 13 5 0.1 15.6
701k-750k 6 3 1 0.1 12
751k-800k 4 2 0.1 12
801k-850k 3 1 0.1 18
851k-900k 3 0.5 0
901k-950k 2 1 0.1 12
951k-1m 3 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 3 4 1 0.2 4.5
1.3m-1.4m 2 0
1.5m-1.6m 1 0.2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 1 0.2 6
3m-3.5m 1 0
6.01m-7m 1 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
126k-150k 1 0.2 0
201k-225k 1 0
226k-250k 2 6 3 0.5 2
251k-275k 29 45 8 0.3 3.9
276k-300k 22 42 20 0.3 3.1
301k-325k 38 81 13 0.4 2.8
326k-350k 16 7 1 0.1 13.7
351k-375k 3 7 0.4 2.6
376k-400k 5 5 0.2 6
401k-425k 7 4 0.1 10.5
426k-450k 4 1 1 0 24
451k-475k 2 0
476k-500k 1 0
501k-550k 3 0
551k-600k 1 0
601k-650k 1 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
76k-100k 1 0.2 0
101k-125k 1 4 0.7 1.5
126k-150k 2 1 0.1 12
151k-175k 2 4 2 0.3 3
176k-200k 2 7 0.6 1.7
201k-225k 4 3 0.1 8
226k-250k 1 0.2 0
251k-275k 4 1 0 24
276k-300k 1 2 0.3 3
301k-325k 1 0.2 0
326k-350k 1 0
401k-425k 1 0
551k-600k 1 0