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
76k-100k 1 1 0.2 0
101k-125k 2 0.3 0
126k-150k 1 3 1 0.5 2
151k-175k 1 8 4 1.3 0.8
176k-200k 5 3 1 0.1 10
201k-225k 8 6 2 0.1 8
226k-250k 14 12 2 0.1 7
251k-275k 13 17 3 0.2 4.6
276k-300k 29 33 4 0.2 5.3
301k-325k 26 19 1 0.1 8.2
326k-350k 39 35 7 0.1 6.7
351k-375k 33 19 4 0.1 10.4
376k-400k 45 23 0.1 11.7
401k-425k 21 21 4 0.2 6
426k-450k 20 9 0.1 13.3
451k-475k 24 13 3 0.1 11.1
476k-500k 27 14 2 0.1 11.6
501k-550k 27 15 1 0.1 10.8
551k-600k 20 9 0.1 13.3
601k-650k 10 10 1 0.2 6
651k-700k 15 11 2 0.1 8.2
701k-750k 11 8 1 0.1 8.3
751k-800k 14 7 0.1 12
801k-850k 7 5 1 0.1 8.4
851k-900k 7 4 1 0.1 10.5
901k-950k 3 2 1 0.1 9
951k-1m 6 2 1 0.1 18
1m-1.1m 1 2 0.3 3
1.1m-1.2m 3 2 1 0.1 9
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 1 2 0.3 3
1.7m-1.8m 3 0
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 4 0
2.5m-2.75m 2 1 0.1 12
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
951k-1m 1 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
101k-125k 4 4 0.2 6
126k-150k 9 1 0 54
151k-175k 5 2 1 0.1 15
176k-200k 13 1 0 78
201k-225k 8 2 0 24
226k-250k 19 1 0 114
251k-275k 9 1 0 54
276k-300k 11 1 0 66
301k-325k 6 2 0.1 18
326k-350k 3 3 0.2 6
351k-375k 4 0
376k-400k 4 0
401k-425k 1 0.2 0
426k-450k 3 3 0.2 6
451k-475k 2 0
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 6 1 0 36
601k-650k 3 0
651k-700k 2 1 1 0.1 12
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 6 0.2 4.7
26k-50k 132 22 2 0 36
51k-75k 58 3 2 0 116
76k-100k 28 3 1 0 56
101k-125k 5 2 1 0.1 15
126k-150k 7 1 0 42
151k-175k 4 0
176k-200k 6 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 0.2 0
551k-600k 2 1 1 0.1 12
601k-650k 3 0
751k-800k 2 0
801k-850k 1 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