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 2 1 0.3 3
101k-125k 1 4 3 0.7 1.5
126k-150k 2 6 0.5 2
151k-175k 2 13 2 1.1 0.9
176k-200k 4 20 8 0.8 1.2
201k-225k 18 37 6 0.3 2.9
226k-250k 30 95 22 0.5 1.9
251k-275k 27 126 26 0.8 1.3
276k-300k 64 148 40 0.4 2.6
301k-325k 77 136 31 0.3 3.4
326k-350k 107 171 24 0.3 3.8
351k-375k 63 112 26 0.3 3.4
376k-400k 70 87 19 0.2 4.8
401k-425k 24 56 14 0.4 2.6
426k-450k 42 37 7 0.1 6.8
451k-475k 30 19 4 0.1 9.5
476k-500k 22 16 3 0.1 8.3
501k-550k 19 28 4 0.2 4.1
551k-600k 18 13 3 0.1 8.3
601k-650k 10 8 2 0.1 7.5
651k-700k 8 7 1 0.1 6.9
701k-750k 3 4 1 0.2 4.5
751k-800k 5 1 0 30
801k-850k 3 0
851k-900k 2 1 0.3 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.7m-1.8m 1 0
2m-2.25m 1 1 0.2 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 1 2 0.3 3
226k-250k 1 1 0.2 6

Condos NAN% 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 0.2 0

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 4 1 0 24
26k-50k 10 12 1 0.2 5
51k-75k 34 41 10 0.2 5
76k-100k 24 7 0 20.6
101k-125k 9 3 1 0.1 18
126k-150k 14 4 2 0 21
151k-175k 3 0
176k-200k 4 3 0.1 8
201k-225k 2 1 0.1 12
226k-250k 1 0.2 0
251k-275k 3 1 0.1 18
276k-300k 4 0
301k-325k 1 0.2 0
326k-350k 1 0
376k-400k 4 0
401k-425k 2 0
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 2 0
651k-700k 4 0
751k-800k 2 0
851k-900k 2 0
1m-1.1m 1 0.2 0
1.4m-1.5m 2 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
3.5m-4m 1 1 0.2 0
7.01m-8m 1 0
9.01m-10m 1 0