Supply & Demand in Spring Hill, 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 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 1 0.2 6
126k-150k 1 6 1 1 1
151k-175k 1 11 3 1.8 0.5
176k-200k 7 12 2 0.3 3.5
201k-225k 13 38 6 0.5 2.1
226k-250k 33 80 18 0.4 2.5
251k-275k 33 123 21 0.6 1.6
276k-300k 65 118 25 0.3 3.3
301k-325k 60 125 25 0.3 2.9
326k-350k 102 169 27 0.3 3.6
351k-375k 57 112 19 0.3 3.1
376k-400k 61 78 12 0.2 4.7
401k-425k 23 49 12 0.4 2.8
426k-450k 43 33 9 0.1 7.8
451k-475k 28 22 1 0.1 7.6
476k-500k 17 17 3 0.2 6
501k-550k 25 31 6 0.2 4.8
551k-600k 14 13 0.2 6.5
601k-650k 9 7 1 0.1 7.7
651k-700k 10 7 0.1 8.6
701k-750k 3 3 0.2 6
751k-800k 3 0
801k-850k 2 0
851k-900k 1 0.2 0
1m-1.1m 2 0.3 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
3m-3.5m 1 0
4.5m-5m 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
201k-225k 2 0.3 0
226k-250k 1 2 0.3 3

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
151k-175k 1 1 1 0.2 6

Land 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
1k-25k 5 2 0.1 15
26k-50k 7 16 2 0.4 2.6
51k-75k 32 35 3 0.2 5.5
76k-100k 19 7 2 0.1 16.3
101k-125k 11 2 1 0 33
126k-150k 12 2 1 0 36
151k-175k 3 0
176k-200k 4 4 1 0.2 6
201k-225k 2 1 0.1 12
226k-250k 1 1 0.2 0
251k-275k 4 1 0 24
276k-300k 1 0
301k-325k 1 1 1 0.2 6
326k-350k 1 1 0.2 6
376k-400k 4 0
401k-425k 2 0
476k-500k 1 0
501k-550k 1 0
551k-600k 2 0
651k-700k 3 0
751k-800k 2 0
851k-900k 2 0
1m-1.1m 1 0.2 0
1.4m-1.5m 4 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
9.01m-10m 1 0