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 4 0.7 0
251k-275k 10 1 1.7 0
276k-300k 6 26 7 0.7 1.4
301k-325k 20 61 6 0.5 2
326k-350k 45 133 22 0.5 2
351k-375k 45 137 15 0.5 2
376k-400k 72 126 17 0.3 3.4
401k-425k 62 103 18 0.3 3.6
426k-450k 52 86 5 0.3 3.6
451k-475k 32 64 12 0.3 3
476k-500k 42 42 6 0.2 6
501k-550k 46 72 11 0.3 3.8
551k-600k 35 44 6 0.2 4.8
601k-650k 18 32 7 0.3 3.4
651k-700k 19 27 5 0.2 4.2
701k-750k 13 17 2 0.2 4.6
751k-800k 19 21 4 0.2 5.4
801k-850k 10 8 2 0.1 7.5
851k-900k 8 11 1 0.2 4.4
901k-950k 7 9 0.2 4.7
951k-1m 8 1 0 48
1m-1.1m 4 10 3 0.4 2.4
1.1m-1.2m 6 4 1 0.1 9
1.2m-1.3m 2 5 2 0.4 2.4
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 1 0.2 6
4.5m-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
201k-225k 1 2 2 0.3 3
226k-250k 9 11 1 0.2 4.9
251k-275k 4 26 3 1.1 0.9
276k-300k 7 16 1 0.4 2.6
301k-325k 8 16 4 0.3 3
326k-350k 1 8 1 1.3 0.8
351k-375k 2 1 0.3 0
376k-400k 1 1 0.2 6
401k-425k 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
226k-250k 1 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 1 0.2 0
151k-175k 1 1 0.2 6
201k-225k 1 1 0.2 6
251k-275k 1 0
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 2 0
426k-450k 2 0
476k-500k 1 0
501k-550k 5 1 0 30
601k-650k 2 0
651k-700k 1 0
751k-800k 3 1 0.1 18
851k-900k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
19.01m-20m 1 0