Supply & Demand in Spring Hill, 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
51k-75k 1 0.2 0
101k-125k 2 1 0.3 0
126k-150k 9 1 1.5 0
151k-175k 6 9 1 0.3 4
176k-200k 5 19 4 0.6 1.6
201k-225k 12 48 10 0.7 1.5
226k-250k 32 78 13 0.4 2.5
251k-275k 37 92 21 0.4 2.4
276k-300k 75 149 27 0.3 3
301k-325k 79 139 26 0.3 3.4
326k-350k 124 161 25 0.2 4.6
351k-375k 74 111 18 0.3 4
376k-400k 71 72 11 0.2 5.9
401k-425k 33 38 4 0.2 5.2
426k-450k 42 31 0.1 8.1
451k-475k 15 18 3 0.2 5
476k-500k 25 21 4 0.1 7.1
501k-550k 28 28 2 0.2 6
551k-600k 17 17 1 0.2 6
601k-650k 13 7 1 0.1 11.1
651k-700k 6 6 2 0.2 6
701k-750k 7 1.2 0
751k-800k 4 0
801k-850k 2 1 0.1 12
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 3 1 0.1 18
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3m-3.5m 1 0
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
176k-200k 1 0
201k-225k 1 3 0.5 2
226k-250k 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
101k-125k 1 0
151k-175k 1 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 3 2 0.1 9
26k-50k 18 4 0 27
51k-75k 42 36 4 0.1 7
76k-100k 26 9 1 0.1 17.3
101k-125k 4 9 0.4 2.7
126k-150k 7 4 0.1 10.5
151k-175k 4 4 1 0.2 6
176k-200k 2 0
201k-225k 2 1 0.1 12
226k-250k 3 1 0.1 18
251k-275k 2 0
276k-300k 4 2 0.1 12
301k-325k 1 0
326k-350k 4 0
351k-375k 1 0
376k-400k 5 0
401k-425k 1 0
426k-450k 2 0.3 0
451k-475k 1 0
476k-500k 1 0
501k-550k 1 0
551k-600k 1 1 0.2 6
601k-650k 2 1 0.1 12
651k-700k 1 1 0.2 6
751k-800k 1 2 0.3 3
801k-850k 1 0
851k-900k 1 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0
4m-4.5m 1 0
9.01m-10m 1 0
14.01m-15m 1 0