Supply & Demand in Dunnellon, 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
76k-100k 2 0.3 0
101k-125k 1 1 0.2 6
151k-175k 2 12 4 1 1
176k-200k 12 23 2 0.3 3.1
201k-225k 40 51 7 0.2 4.7
226k-250k 86 95 15 0.2 5.4
251k-275k 48 69 6 0.2 4.2
276k-300k 60 65 10 0.2 5.5
301k-325k 35 31 4 0.1 6.8
326k-350k 57 22 2 0.1 15.5
351k-375k 22 20 3 0.2 6.6
376k-400k 22 17 2 0.1 7.8
401k-425k 17 9 2 0.1 11.3
426k-450k 10 18 4 0.3 3.3
451k-475k 9 9 3 0.2 6
476k-500k 9 8 0.1 6.8
501k-550k 13 11 3 0.1 7.1
551k-600k 10 2 0 30
601k-650k 3 3 0.2 6
651k-700k 2 2 0.2 6
701k-750k 6 3 0.1 12
751k-800k 4 1 0 24
801k-850k 4 7 0.3 3.4
851k-900k 2 1 0.1 12
901k-950k 4 0
951k-1m 2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 3 1 0.1 18
2m-2.25m 2 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0

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
126k-150k 1 0
176k-200k 2 0
226k-250k 1 0
251k-275k 1 0.2 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
1k-25k 249 172 27 0.1 8.7
26k-50k 229 86 14 0.1 16
51k-75k 69 45 8 0.1 9.2
76k-100k 32 6 2 0 32
101k-125k 6 4 0.1 9
126k-150k 4 3 0.1 8
151k-175k 3 1 0.1 18
176k-200k 6 2 0.1 18
201k-225k 3 1 0.1 18
226k-250k 3 1 0.1 18
251k-275k 2 0
276k-300k 3 0
301k-325k 1 0
351k-375k 1 0.2 0
376k-400k 3 0
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 1 0
651k-700k 1 1 1 0.2 6
801k-850k 1 0.2 0
851k-900k 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
19.01m-20m 1 0