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 1 0.2 0
251k-275k 5 1 0.8 0
276k-300k 8 28 2 0.6 1.7
301k-325k 28 76 10 0.5 2.2
326k-350k 71 107 19 0.3 4
351k-375k 78 104 14 0.2 4.5
376k-400k 100 104 18 0.2 5.8
401k-425k 48 84 15 0.3 3.4
426k-450k 72 54 11 0.1 8
451k-475k 49 43 6 0.1 6.8
476k-500k 46 55 5 0.2 5
501k-550k 57 64 7 0.2 5.3
551k-600k 49 37 9 0.1 7.9
601k-650k 33 22 6 0.1 9
651k-700k 24 16 1 0.1 9
701k-750k 25 20 5 0.1 7.5
751k-800k 19 13 0.1 8.8
801k-850k 13 16 2 0.2 4.9
851k-900k 6 10 1 0.3 3.6
901k-950k 12 6 0.1 12
951k-1m 2 6 1 0.5 2
1m-1.1m 3 8 1 0.4 2.3
1.1m-1.2m 2 5 0.4 2.4
1.2m-1.3m 4 0.7 0
1.3m-1.4m 2 1 0.1 12
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 1 0.3 0
1.8m-1.9m 1 0
2m-2.25m 3 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 3 5 0.3 3.6
226k-250k 5 9 3 0.3 3.3
251k-275k 7 10 3 0.2 4.2
276k-300k 14 10 2 0.1 8.4
301k-325k 5 16 2 0.5 1.9
326k-350k 3 6 4 0.3 3
351k-375k 1 0.2 0
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 1 0.2 0
126k-150k 1 0
151k-175k 1 0
176k-200k 2 1 0.3 0
201k-225k 2 0.3 0
226k-250k 1 0.2 0
276k-300k 1 0
301k-325k 1 1 0.2 6
326k-350k 2 0
376k-400k 1 0.2 0
426k-450k 1 0
476k-500k 1 0
501k-550k 2 1 0.3 0
551k-600k 1 0
651k-700k 1 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 0.2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0.3 0
2.25m-2.5m 1 0
3m-3.5m 1 0
19.01m-20m 1 0