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 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
226k-250k 1 4 1 0.7 1.5
251k-275k 2 16 1 1.3 0.8
276k-300k 7 22 5 0.5 1.9
301k-325k 18 78 11 0.7 1.4
326k-350k 41 138 18 0.6 1.8
351k-375k 47 149 19 0.5 1.9
376k-400k 77 129 17 0.3 3.6
401k-425k 59 116 14 0.3 3.1
426k-450k 49 95 17 0.3 3.1
451k-475k 30 57 10 0.3 3.2
476k-500k 40 47 5 0.2 5.1
501k-550k 55 78 13 0.2 4.2
551k-600k 36 44 12 0.2 4.9
601k-650k 24 28 4 0.2 5.1
651k-700k 18 30 9 0.3 3.6
701k-750k 16 14 3 0.1 6.9
751k-800k 17 19 4 0.2 5.4
801k-850k 9 9 2 0.2 6
851k-900k 9 10 2 0.2 5.4
901k-950k 4 11 3 0.5 2.2
951k-1m 6 1 0 36
1m-1.1m 3 6 0.3 3
1.1m-1.2m 4 5 0.2 4.8
1.2m-1.3m 1 2 0.3 3
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 1 0.2 0
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 1 0.1 12
6.01m-7m 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 2 0
226k-250k 5 11 3 0.4 2.7
251k-275k 3 35 1.9 0.5
276k-300k 11 21 4 0.3 3.1
301k-325k 12 14 0.2 5.1
326k-350k 7 7 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 3 1 0.1 18

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
76k-100k 2 1 1 0.1 12
151k-175k 1 2 0.3 3
201k-225k 1 1 0.2 6
251k-275k 2 0
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0.2 0
426k-450k 2 0
476k-500k 1 0
501k-550k 5 1 0 30
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0.2 0
751k-800k 3 1 0.1 18
801k-850k 1 0
851k-900k 1 0
951k-1m 1 1 0.2 6
1m-1.1m 3 0
1.1m-1.2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
19.01m-20m 1 0