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 5 2 0.8 0
176k-200k 5 2 1 0.1 15
201k-225k 8 7 3 0.1 6.9
226k-250k 13 11 3 0.1 7.1
251k-275k 10 16 3 0.3 3.8
276k-300k 31 38 4 0.2 4.9
301k-325k 25 22 0.1 6.8
326k-350k 31 36 8 0.2 5.2
351k-375k 28 20 8 0.1 8.4
376k-400k 47 29 2 0.1 9.7
401k-425k 17 22 0.2 4.6
426k-450k 20 9 1 0.1 13.3
451k-475k 27 12 2 0.1 13.5
476k-500k 25 15 3 0.1 10
501k-550k 29 17 3 0.1 10.2
551k-600k 15 10 1 0.1 9
601k-650k 9 10 2 0.2 5.4
651k-700k 15 12 3 0.1 7.5
701k-750k 9 9 2 0.2 6
751k-800k 12 8 0.1 9
801k-850k 10 7 2 0.1 8.6
851k-900k 9 4 2 0.1 13.5
901k-950k 5 3 1 0.1 10
951k-1m 6 1 0 36
1m-1.1m 1 3 0.5 2
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 0
1.3m-1.4m 4 1 0 24
1.4m-1.5m 4 1 0 24
1.5m-1.6m 2 0
1.6m-1.7m 2 0.3 0
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
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 2 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 3 4 0.2 4.5
126k-150k 10 1 0 60
151k-175k 4 1 0 24
176k-200k 12 1 0 72
201k-225k 9 3 0.1 18
226k-250k 21 2 0 63
251k-275k 8 1 0 48
276k-300k 8 3 0.1 16
301k-325k 6 3 0.1 12
326k-350k 2 3 0.3 4
351k-375k 2 0
376k-400k 4 0
401k-425k 1 0.2 0
426k-450k 3 3 1 0.2 6
451k-475k 1 0
476k-500k 1 0
501k-550k 3 1 0.1 18
551k-600k 6 2 0.1 18
601k-650k 3 1 0.1 18
651k-700k 2 1 1 0.1 12
701k-750k 1 1 0.2 6
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 30 41 4 0.2 4.4
26k-50k 124 25 3 0 29.8
51k-75k 57 2 1 0 171
76k-100k 30 3 1 0 60
101k-125k 4 2 1 0.1 12
126k-150k 6 1 1 0 36
151k-175k 4 2 0.1 12
176k-200k 7 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
951k-1m 3 0
1m-1.1m 5 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
6.01m-7m 1 1 0.2 0