Absorption Report

Englewood, 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
101k-125k 2 0.3 0
126k-150k 1 3 2 0.5 2
151k-175k 1 6 2 1 1
176k-200k 4 3 2 0.1 8
201k-225k 8 6 3 0.1 8
226k-250k 12 11 3 0.2 6.5
251k-275k 10 17 5 0.3 3.5
276k-300k 33 36 5 0.2 5.5
301k-325k 26 22 1 0.1 7.1
326k-350k 34 37 8 0.2 5.5
351k-375k 31 19 5 0.1 9.8
376k-400k 47 26 1 0.1 10.8
401k-425k 20 21 1 0.2 5.7
426k-450k 20 9 1 0.1 13.3
451k-475k 27 12 2 0.1 13.5
476k-500k 25 15 2 0.1 10
501k-550k 27 16 3 0.1 10.1
551k-600k 17 10 1 0.1 10.2
601k-650k 9 11 3 0.2 4.9
651k-700k 14 10 2 0.1 8.4
701k-750k 8 8 2 0.2 6
751k-800k 12 7 0.1 10.3
801k-850k 8 6 1 0.1 8
851k-900k 8 4 1 0.1 12
901k-950k 4 2 1 0.1 12
951k-1m 6 1 0 36
1m-1.1m 1 3 0.5 2
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 2 0
1.3m-1.4m 5 1 0 30
1.4m-1.5m 4 1 0 24
1.5m-1.6m 1 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 2 0
2m-2.25m 3 0
2.25m-2.5m 6 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3m-3.5m 2 1 0.1 12
3.5m-4m 1 1 0.2 6
4m-4.5m 1 2 0.3 3
11.01m-12m 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 1 0
401k-425k 1 0
551k-600k 1 0
601k-650k 1 0.2 0

Condos 1% 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
101k-125k 4 4 0.2 6
126k-150k 9 1 0 54
151k-175k 4 2 1 0.1 12
176k-200k 15 1 0 90
201k-225k 8 3 0.1 16
226k-250k 20 2 0 60
251k-275k 9 1 0 54
276k-300k 9 2 0 27
301k-325k 6 3 0.1 12
326k-350k 3 3 0.2 6
351k-375k 3 0
376k-400k 4 0
401k-425k 1 0.2 0
426k-450k 3 3 1 0.2 6
451k-475k 2 0
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 6 2 0.1 18
601k-650k 4 0
651k-700k 1 1 1 0.2 6
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 2 2 1 0.2 6
1.3m-1.4m 2 0

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
1k-25k 31 40 4 0.2 4.7
26k-50k 128 26 5 0 29.5
51k-75k 58 2 1 0 174
76k-100k 30 3 1 0 60
101k-125k 4 2 1 0.1 12
126k-150k 6 1 0 36
151k-175k 4 1 0 24
176k-200k 8 0
201k-225k 3 0
226k-250k 3 0
251k-275k 1 1 0.2 6
276k-300k 4 0
301k-325k 2 0
326k-350k 3 0
351k-375k 1 0
376k-400k 6 0
401k-425k 1 0
426k-450k 3 0
476k-500k 1 1 0.2 0
551k-600k 1 1 0.2 0
601k-650k 2 0
651k-700k 1 0
751k-800k 1 0
801k-850k 2 0
901k-950k 1 0
951k-1m 3 0
1m-1.1m 5 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 2 0
1.9m-2m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0
6.01m-7m 1 1 0.2 0