Supply & Demand in Parrish, 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
226k-250k 2 0.3 0
251k-275k 5 0.8 0
276k-300k 11 29 9 0.4 2.3
301k-325k 27 61 18 0.4 2.7
326k-350k 65 103 15 0.3 3.8
351k-375k 62 105 19 0.3 3.5
376k-400k 116 113 25 0.2 6.2
401k-425k 65 73 11 0.2 5.3
426k-450k 83 54 11 0.1 9.2
451k-475k 50 44 4 0.1 6.8
476k-500k 43 49 20 0.2 5.3
501k-550k 64 65 13 0.2 5.9
551k-600k 50 39 5 0.1 7.7
601k-650k 25 18 2 0.1 8.3
651k-700k 28 22 1 0.1 7.6
701k-750k 21 20 4 0.2 6.3
751k-800k 19 19 3 0.2 6
801k-850k 10 15 5 0.3 4
851k-900k 11 11 2 0.2 6
901k-950k 9 7 2 0.1 7.7
951k-1m 3 4 1 0.2 4.5
1m-1.1m 4 8 2 0.3 3
1.1m-1.2m 6 2 1 0
1.2m-1.3m 4 0.7 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 1 1 1 0.2 6
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0
2m-2.25m 3 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 1 3 0.5 2

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
201k-225k 1 5 0.8 1.2
226k-250k 8 7 1 0.1 6.9
251k-275k 7 9 1 0.2 4.7
276k-300k 10 11 2 0.2 5.5
301k-325k 6 11 2 0.3 3.3
326k-350k 2 4 1 0.3 3
351k-375k 2 1 0.1 12
376k-400k 1 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
226k-250k 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
76k-100k 2 0.3 0
151k-175k 1 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 1 0.2 6
301k-325k 2 2 1 0.2 6
326k-350k 2 0
376k-400k 1 0.2 0
426k-450k 2 0
501k-550k 4 1 0 24
601k-650k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0.2 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0.3 0
3m-3.5m 1 0
19.01m-20m 1 0