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 % 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
51k-75k 1 0.2 0
76k-100k 1 2 1 0.3 3
101k-125k 3 2 0.5 0
126k-150k 1 0.2 0
151k-175k 6 2 1 0
176k-200k 2 4 0.3 3
201k-225k 3 7 1 0.4 2.6
226k-250k 2 14 4 1.2 0.9
251k-275k 5 15 5 0.5 2
276k-300k 11 22 0.3 3
301k-325k 13 24 5 0.3 3.3
326k-350k 17 49 11 0.5 2.1
351k-375k 15 48 8 0.5 1.9
376k-400k 33 71 11 0.4 2.8
401k-425k 22 73 11 0.6 1.8
426k-450k 30 79 10 0.4 2.3
451k-475k 24 25 3 0.2 5.8
476k-500k 42 52 6 0.2 4.8
501k-550k 53 88 18 0.3 3.6
551k-600k 26 55 9 0.4 2.8
601k-650k 21 26 4 0.2 4.8
651k-700k 16 31 5 0.3 3.1
701k-750k 7 12 3 0.3 3.5
751k-800k 12 12 0.2 6
801k-850k 8 4 0.1 12
851k-900k 5 4 0.1 7.5
901k-950k 5 1 1 0 30
951k-1m 5 3 2 0.1 10
1m-1.1m 5 2 1 0.1 15
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 1 0
3m-3.5m 1 0

Townhouses % 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 1 0.2 6
151k-175k 1 0
176k-200k 2 0
201k-225k 1 0.2 0
226k-250k 2 3 1 0.3 4
251k-275k 2 4 2 0.3 3
276k-300k 2 5 1 0.4 2.4
301k-325k 14 14 4 0.2 6
326k-350k 23 53 3 0.4 2.6
351k-375k 12 53 12 0.7 1.4
376k-400k 11 29 5 0.4 2.3
401k-425k 2 6 1 0.5 2
426k-450k 1 3 0.5 2

Condos % 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
26k-50k 1 0
76k-100k 1 0
126k-150k 2 0.3 0
176k-200k 10 1 1 0 60
201k-225k 2 3 2 0.3 4
226k-250k 8 2 0 24
251k-275k 4 7 0.3 3.4
276k-300k 1 0.2 0
301k-325k 1 0.2 0
326k-350k 1 0

Land % 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
26k-50k 4 3 0.1 8
51k-75k 6 4 0.1 9
76k-100k 3 0.5 0
101k-125k 2 0
126k-150k 4 0
151k-175k 2 1 0.1 12
176k-200k 6 2 0.1 18
201k-225k 4 0
226k-250k 3 1 0.1 18
276k-300k 2 0
326k-350k 4 1 0 24
351k-375k 3 0
376k-400k 4 0
401k-425k 1 1 0.2 6
451k-475k 1 0
476k-500k 2 1 0.1 12
501k-550k 1 0
551k-600k 2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 0
951k-1m 7 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 0
2.25m-2.5m 3 0
2.75m-3m 4 0
3.5m-4m 1 0
4.5m-5m 2 0
5.01m-6m 1 0
9.01m-10m 2 0
24.01m-25m 1 0