Supply & Demand in Apopka, FL

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 Since 12/31 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 2 1 0.3 0
101k-125k 1 0.2 0
126k-150k 1 2 1 0.3 3
151k-175k 3 1 0.5 0
176k-200k 1 5 1 0.8 1.2
201k-225k 2 3 0.3 4
226k-250k 3 11 2 0.6 1.6
251k-275k 3 18 2 1 1
276k-300k 7 17 3 0.4 2.5
301k-325k 5 21 7 0.7 1.4
326k-350k 12 40 5 0.6 1.8
351k-375k 10 43 9 0.7 1.4
376k-400k 12 43 9 0.6 1.7
401k-425k 15 47 3 0.5 1.9
426k-450k 31 49 9 0.3 3.8
451k-475k 12 58 8 0.8 1.2
476k-500k 24 26 9 0.2 5.5
501k-550k 35 66 19 0.3 3.2
551k-600k 29 43 8 0.2 4
601k-650k 21 21 4 0.2 6
651k-700k 16 12 1 0.1 8
701k-750k 6 9 0.3 4
751k-800k 7 4 0.1 10.5
801k-850k 2 3 1 0.3 4
851k-900k 3 0
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 2 0
1.8m-1.9m 1 0
4.5m-5m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
226k-250k 1 0
251k-275k 4 7 1 0.3 3.4
276k-300k 5 5 1 0.2 6
301k-325k 2 6 2 0.5 2
326k-350k 8 4 0.1 12
351k-375k 12 6 6 0.1 12
376k-400k 11 1 1 0 66
401k-425k 6 1 1 0 36
426k-450k 2 1 0.1 12

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 1 0.2 0
76k-100k 1 0
151k-175k 1 2 1 0.3 3
176k-200k 2 0
201k-225k 3 9 2 0.5 2
226k-250k 3 4 1 0.2 4.5
251k-275k 3 3 0.2 6
276k-300k 5 2 0.1 15
301k-325k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 2 1 1 0.1 12
51k-75k 5 1 0 30
76k-100k 4 6 1 0.3 4
101k-125k 1 2 0.3 3
126k-150k 2 3 0.3 4
151k-175k 2 1 0.3 0
176k-200k 9 1 0 54
201k-225k 5 0
226k-250k 4 1 0 24
251k-275k 2 1 0.1 12
276k-300k 3 0
301k-325k 1 1 0.2 6
326k-350k 3 0
351k-375k 1 0.2 0
376k-400k 1 1 0.2 6
401k-425k 1 1 0.2 6
426k-450k 3 0
451k-475k 1 0
551k-600k 4 0
601k-650k 5 2 1 0.1 15
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
901k-950k 1 0
951k-1m 2 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 2 0
1.6m-1.7m 2 0
1.8m-1.9m 2 0
1.9m-2m 3 0
2.75m-3m 3 0
3m-3.5m 1 0