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 2 2 0.2 6
151k-175k 3 0.5 0
176k-200k 2 6 2 0.5 2
201k-225k 4 10 2 0.4 2.4
226k-250k 9 28 5 0.5 1.9
251k-275k 18 69 10 0.6 1.6
276k-300k 74 174 32 0.4 2.6
301k-325k 136 278 50 0.3 2.9
326k-350k 157 245 42 0.3 3.8
351k-375k 127 170 20 0.2 4.5
376k-400k 89 100 9 0.2 5.3
401k-425k 52 51 9 0.2 6.1
426k-450k 58 41 5 0.1 8.5
451k-475k 20 29 3 0.2 4.1
476k-500k 17 10 3 0.1 10.2
501k-550k 27 25 2 0.2 6.5
551k-600k 20 13 2 0.1 9.2
601k-650k 5 6 0.2 5
651k-700k 13 5 0.1 15.6
701k-750k 7 3 1 0.1 14
751k-800k 3 2 0.1 9
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 3 2 0.1 9
1.2m-1.3m 4 5 1 0.2 4.8
1.3m-1.4m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 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 1 1 0.2 6
226k-250k 2 7 2 0.6 1.7
251k-275k 25 60 23 0.4 2.5
276k-300k 37 47 13 0.2 4.7
301k-325k 44 85 20 0.3 3.1
326k-350k 20 7 1 0.1 17.1
351k-375k 1 4 0.7 1.5
376k-400k 4 4 0.2 6
401k-425k 6 3 0.1 12
426k-450k 4 1 1 0 24
451k-475k 1 0
476k-500k 1 0
501k-550k 2 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 3 0.5 2
126k-150k 2 1 0.1 12
151k-175k 3 5 3 0.3 3.6
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