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 3 10 3 0.6 1.8
226k-250k 11 28 6 0.4 2.4
251k-275k 21 71 11 0.6 1.8
276k-300k 73 180 31 0.4 2.4
301k-325k 139 277 48 0.3 3
326k-350k 138 247 43 0.3 3.4
351k-375k 119 169 20 0.2 4.2
376k-400k 94 100 7 0.2 5.6
401k-425k 52 51 7 0.2 6.1
426k-450k 58 40 4 0.1 8.7
451k-475k 22 29 3 0.2 4.6
476k-500k 17 10 3 0.1 10.2
501k-550k 27 25 3 0.2 6.5
551k-600k 19 13 2 0.1 8.8
601k-650k 6 6 0.2 6
651k-700k 11 5 0.1 13.2
701k-750k 6 3 1 0.1 12
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 2 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
1.8m-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 26 60 23 0.4 2.6
276k-300k 37 46 15 0.2 4.8
301k-325k 33 80 15 0.4 2.5
326k-350k 19 8 1 0.1 14.3
351k-375k 5 0.8 0
376k-400k 1 4 0.7 1.5
401k-425k 5 4 0.1 7.5
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 2 5 3 0.4 2.4
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