Supply & Demand in Palmetto, 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
101k-125k 1 1 0.2 0
126k-150k 1 0
176k-200k 4 0.7 0
201k-225k 3 1 0.1 18
226k-250k 3 0.5 0
251k-275k 2 5 0.4 2.4
276k-300k 3 12 5 0.7 1.5
301k-325k 6 13 1 0.4 2.8
326k-350k 14 46 8 0.5 1.8
351k-375k 27 52 14 0.3 3.1
376k-400k 50 62 14 0.2 4.8
401k-425k 39 50 9 0.2 4.7
426k-450k 37 26 3 0.1 8.5
451k-475k 20 20 6 0.2 6
476k-500k 18 20 3 0.2 5.4
501k-550k 13 22 2 0.3 3.5
551k-600k 17 32 3 0.3 3.2
601k-650k 8 16 4 0.3 3
651k-700k 9 9 2 0.2 6
701k-750k 5 3 2 0.1 10
751k-800k 7 6 3 0.1 7
801k-850k 2 4 1 0.3 3
851k-900k 2 2 0.2 6
951k-1m 4 1 1 0 24
1m-1.1m 1 0.2 0
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 3 0
1.6m-1.7m 1 4 3 0.7 1.5
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0.2 0
2.75m-3m 3 0
3.5m-4m 2 0
8.01m-9m 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 4 1 0.7 0
251k-275k 3 13 2 0.7 1.4
276k-300k 6 11 2 0.3 3.3
301k-325k 12 17 1 0.2 4.2
326k-350k 6 15 0.4 2.4
351k-375k 3 4 1 0.2 4.5
376k-400k 1 0
401k-425k 4 2 0.1 12
426k-450k 1 0.2 0
476k-500k 1 0.2 0
801k-850k 2 0

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
176k-200k 1 0
201k-225k 1 1 1 0.2 6
226k-250k 4 5 0.2 4.8
251k-275k 1 1 0.2 6
276k-300k 1 2 0.3 3
326k-350k 2 0
351k-375k 1 0
376k-400k 4 0
401k-425k 1 0
426k-450k 1 0.2 0
451k-475k 1 1 0.2 6
476k-500k 2 1 0.1 12
501k-550k 5 3 0.1 10
551k-600k 3 0
601k-650k 3 2 0.1 9
651k-700k 5 3 1 0.1 10
951k-1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 1 0.2 0
1.7m-1.8m 1 0
1.9m-2m 2 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
1k-25k 1 0.2 0
26k-50k 17 10 1 0.1 10.2
51k-75k 1 1 0.2 6
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 0
301k-325k 2 0
376k-400k 1 2 0.3 3
426k-450k 1 1 0.2 6
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
651k-700k 3 0
701k-750k 1 0
751k-800k 1 0.2 0
1.3m-1.4m 1 0
1.9m-2m 1 0
3m-3.5m 2 0