Absorption Report

Sarasota, 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
126k-150k 1 2 0.3 3
151k-175k 4 0.7 0
176k-200k 10 7 1 0.1 8.6
201k-225k 3 9 4 0.5 2
226k-250k 17 22 0.2 4.6
251k-275k 19 31 4 0.3 3.7
276k-300k 22 39 8 0.3 3.4
301k-325k 21 44 8 0.3 2.9
326k-350k 55 66 9 0.2 5
351k-375k 58 76 15 0.2 4.6
376k-400k 67 79 13 0.2 5.1
401k-425k 47 94 11 0.3 3
426k-450k 73 78 11 0.2 5.6
451k-475k 41 78 11 0.3 3.2
476k-500k 59 88 10 0.2 4
501k-550k 92 122 15 0.2 4.5
551k-600k 100 87 13 0.1 6.9
601k-650k 61 81 15 0.2 4.5
651k-700k 53 67 5 0.2 4.7
701k-750k 38 66 9 0.3 3.5
751k-800k 48 55 8 0.2 5.2
801k-850k 39 43 3 0.2 5.4
851k-900k 28 42 6 0.3 4
901k-950k 19 22 3 0.2 5.2
951k-1m 28 34 3 0.2 4.9
1m-1.1m 25 31 4 0.2 4.8
1.1m-1.2m 31 31 4 0.2 6
1.2m-1.3m 26 36 7 0.2 4.3
1.3m-1.4m 16 31 8 0.3 3.1
1.4m-1.5m 21 20 2 0.2 6.3
1.5m-1.6m 10 21 5 0.4 2.9
1.6m-1.7m 13 19 2 0.2 4.1
1.7m-1.8m 16 14 2 0.1 6.9
1.8m-1.9m 14 12 1 0.1 7
1.9m-2m 10 11 2 0.2 5.5
2m-2.25m 22 13 2 0.1 10.2
2.25m-2.5m 31 17 2 0.1 10.9
2.5m-2.75m 13 14 5 0.2 5.6
2.75m-3m 19 7 1 0.1 16.3
3m-3.5m 12 7 1 0.1 10.3
3.5m-4m 21 8 3 0.1 15.8
4m-4.5m 15 4 1 0 22.5
4.5m-5m 10 2 1 0 30
5.01m-6m 15 2 0 45
6.01m-7m 5 1 0 30
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 1 0 24
9.01m-10m 2 0
10.01m-11m 1 0
11.01m-12m 2 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 0.2 0
17.01m-18m 1 0
19.01m-20m 2 0
24.01m-25m 1 0
28.01m-29m 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
101k-125k 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 5 3 0.1 10
201k-225k 2 2 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 5 3 2 0.1 10
276k-300k 3 18 2 1 1
301k-325k 2 14 1 1.2 0.9
326k-350k 8 5 1 0.1 9.6
351k-375k 11 10 3 0.2 6.6
376k-400k 16 20 1 0.2 4.8
401k-425k 11 17 6 0.3 3.9
426k-450k 8 5 2 0.1 9.6
451k-475k 7 6 2 0.1 7
476k-500k 7 4 0.1 10.5
501k-550k 6 7 0.2 5.1
551k-600k 2 1 0.3 0
601k-650k 2 0.3 0
651k-700k 1 1 0.2 0
701k-750k 3 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6
851k-900k 4 0.7 0
901k-950k 3 1 0.1 18
951k-1m 2 0.3 0
1m-1.1m 2 1 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 0

Condos 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 1 0
26k-50k 1 0
51k-75k 2 1 0.1 12
76k-100k 7 2 0 21
101k-125k 4 7 0.3 3.4
126k-150k 11 13 2 0.2 5.1
151k-175k 24 25 2 0.2 5.8
176k-200k 30 36 5 0.2 5
201k-225k 37 32 2 0.1 6.9
226k-250k 49 49 9 0.2 6
251k-275k 43 28 1 0.1 9.2
276k-300k 54 37 4 0.1 8.8
301k-325k 35 29 5 0.1 7.2
326k-350k 39 21 1 0.1 11.1
351k-375k 24 15 2 0.1 9.6
376k-400k 27 11 1 0.1 14.7
401k-425k 12 6 2 0.1 12
426k-450k 21 6 1 0 21
451k-475k 13 10 1 0.1 7.8
476k-500k 25 13 1 0.1 11.5
501k-550k 20 19 5 0.2 6.3
551k-600k 17 19 3 0.2 5.4
601k-650k 18 13 1 0.1 8.3
651k-700k 20 20 0.2 6
701k-750k 15 12 0.1 7.5
751k-800k 11 19 3 0.3 3.5
801k-850k 15 9 0.1 10
851k-900k 10 9 0.2 6.7
901k-950k 9 6 2 0.1 9
951k-1m 14 7 0.1 12
1m-1.1m 21 12 2 0.1 10.5
1.1m-1.2m 17 8 3 0.1 12.8
1.2m-1.3m 10 9 3 0.2 6.7
1.3m-1.4m 6 9 2 0.3 4
1.4m-1.5m 8 10 4 0.2 4.8
1.5m-1.6m 4 9 3 0.4 2.7
1.6m-1.7m 9 6 1 0.1 9
1.7m-1.8m 5 3 2 0.1 10
1.8m-1.9m 3 5 0.3 3.6
1.9m-2m 6 2 2 0.1 18
2m-2.25m 5 4 3 0.1 7.5
2.25m-2.5m 9 5 0.1 10.8
2.5m-2.75m 5 5 0.2 6
2.75m-3m 8 1 0 48
3m-3.5m 8 4 2 0.1 12
3.5m-4m 8 1 0 48
4m-4.5m 7 2 1 0 21
4.5m-5m 5 2 0.1 15
5.01m-6m 10 1 0 60
6.01m-7m 6 1 0 36
7.01m-8m 4 1 0 24
8.01m-9m 4 0
9.01m-10m 2 0
10.01m-11m 1 0
14.01m-15m 1 0

Land 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
26k-50k 1 1 0.2 6
51k-75k 3 0
76k-100k 10 2 0 30
101k-125k 1 2 0.3 3
126k-150k 3 1 0.1 18
151k-175k 3 2 0.1 9
176k-200k 4 2 0.1 12
201k-225k 2 0
226k-250k 6 1 0 36
251k-275k 2 1 0.1 12
276k-300k 8 1 0 48
301k-325k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 7 0
401k-425k 1 1 0.2 6
426k-450k 5 1 0 30
451k-475k 2 1 1 0.1 12
476k-500k 3 3 0.2 6
501k-550k 3 2 0.1 9
551k-600k 5 0
601k-650k 5 0
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 1 1 1 0.2 6
801k-850k 3 0
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 4 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 3 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 4 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0.2 0
2.75m-3m 4 0
3m-3.5m 1 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 2 0
9.01m-10m 4 0
11.01m-12m 1 0
15.01m-16m 1 0