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 6 1 0.1 10
201k-225k 8 6 3 0.1 8
226k-250k 16 19 1 0.2 5.1
251k-275k 20 30 4 0.3 4
276k-300k 26 40 7 0.3 3.9
301k-325k 27 41 8 0.3 4
326k-350k 50 61 5 0.2 4.9
351k-375k 60 70 7 0.2 5.1
376k-400k 73 75 9 0.2 5.8
401k-425k 51 87 10 0.3 3.5
426k-450k 74 70 7 0.2 6.3
451k-475k 42 68 11 0.3 3.7
476k-500k 67 82 5 0.2 4.9
501k-550k 94 120 14 0.2 4.7
551k-600k 94 85 12 0.2 6.6
601k-650k 64 78 13 0.2 4.9
651k-700k 48 62 4 0.2 4.6
701k-750k 41 59 4 0.2 4.2
751k-800k 42 44 4 0.2 5.7
801k-850k 41 37 4 0.2 6.6
851k-900k 33 35 1 0.2 5.7
901k-950k 18 21 2 0.2 5.1
951k-1m 34 31 5 0.2 6.6
1m-1.1m 27 26 3 0.2 6.2
1.1m-1.2m 35 25 4 0.1 8.4
1.2m-1.3m 27 35 4 0.2 4.6
1.3m-1.4m 15 31 9 0.3 2.9
1.4m-1.5m 21 18 2 0.1 7
1.5m-1.6m 10 19 3 0.3 3.2
1.6m-1.7m 15 18 0.2 5
1.7m-1.8m 16 14 2 0.1 6.9
1.8m-1.9m 15 14 2 0.2 6.4
1.9m-2m 14 10 1 0.1 8.4
2m-2.25m 25 10 2 0.1 15
2.25m-2.5m 30 16 2 0.1 11.3
2.5m-2.75m 15 12 4 0.1 7.5
2.75m-3m 18 6 1 0.1 18
3m-3.5m 13 8 2 0.1 9.8
3.5m-4m 24 8 3 0.1 18
4m-4.5m 16 5 1 0.1 19.2
4.5m-5m 8 1 0 48
5.01m-6m 17 2 0 51
6.01m-7m 6 1 0 36
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 0
9.01m-10m 3 1 1 0.1 18
11.01m-12m 2 0
12.01m-13m 1 0.2 0
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 1 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 4 3 0.1 8
201k-225k 2 2 1 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 5 3 2 0.1 10
276k-300k 2 20 2 1.7 0.6
301k-325k 3 15 3 0.8 1.2
326k-350k 9 7 2 0.1 7.7
351k-375k 4 9 2 0.4 2.7
376k-400k 18 17 1 0.2 6.4
401k-425k 9 14 3 0.3 3.9
426k-450k 6 5 0.1 7.2
451k-475k 6 6 0.2 6
476k-500k 7 4 1 0.1 10.5
501k-550k 6 6 1 0.2 6
551k-600k 2 1 0.3 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 5 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 3 0.5 0
901k-950k 2 1 0.1 12
951k-1m 2 0.3 0
1m-1.1m 2 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
1.8m-1.9m 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 6 3 1 0.1 12
101k-125k 5 7 0.2 4.3
126k-150k 10 12 3 0.2 5
151k-175k 22 23 2 0.2 5.7
176k-200k 30 35 4 0.2 5.1
201k-225k 39 31 3 0.1 7.5
226k-250k 48 43 7 0.1 6.7
251k-275k 39 25 1 0.1 9.4
276k-300k 55 35 5 0.1 9.4
301k-325k 41 29 4 0.1 8.5
326k-350k 40 19 3 0.1 12.6
351k-375k 25 11 1 0.1 13.6
376k-400k 21 10 1 0.1 12.6
401k-425k 12 6 3 0.1 12
426k-450k 20 6 1 0.1 20
451k-475k 13 7 0.1 11.1
476k-500k 27 13 0.1 12.5
501k-550k 20 16 3 0.1 7.5
551k-600k 19 15 2 0.1 7.6
601k-650k 18 12 1 0.1 9
651k-700k 23 17 0.1 8.1
701k-750k 14 11 0.1 7.6
751k-800k 10 20 3 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 8 10 2 0.2 4.8
901k-950k 6 6 1 0.2 6
951k-1m 13 4 0.1 19.5
1m-1.1m 22 7 2 0.1 18.9
1.1m-1.2m 20 7 2 0.1 17.1
1.2m-1.3m 13 9 3 0.1 8.7
1.3m-1.4m 8 8 2 0.2 6
1.4m-1.5m 9 11 2 0.2 4.9
1.5m-1.6m 4 8 3 0.3 3
1.6m-1.7m 9 6 2 0.1 9
1.7m-1.8m 6 3 2 0.1 12
1.8m-1.9m 2 4 0.3 3
1.9m-2m 7 2 1 0 21
2m-2.25m 6 3 3 0.1 12
2.25m-2.5m 10 5 0.1 12
2.5m-2.75m 8 5 0.1 9.6
2.75m-3m 8 1 0 48
3m-3.5m 7 4 2 0.1 10.5
3.5m-4m 13 2 1 0 39
4m-4.5m 7 2 1 0 21
4.5m-5m 5 2 0.1 15
5.01m-6m 11 1 0 66
6.01m-7m 5 0
7.01m-8m 4 2 1 0.1 12
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 2 1 0.1 12
51k-75k 3 0
76k-100k 10 1 0 60
101k-125k 2 2 0.2 6
126k-150k 3 1 0.1 18
151k-175k 2 2 0.2 6
176k-200k 4 2 0.1 12
201k-225k 2 0
226k-250k 6 1 0 36
251k-275k 3 1 0.1 18
276k-300k 7 1 0 42
301k-325k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 1 1 0.2 6
476k-500k 4 3 1 0.1 8
501k-550k 3 2 0.1 9
551k-600k 4 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 4 0
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 4 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 5 1 0 30
2.5m-2.75m 1 0.2 0
2.75m-3m 5 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 3 0
5.01m-6m 1 0
6.01m-7m 2 0
9.01m-10m 3 0
10.01m-11m 1 0
11.01m-12m 1 0
15.01m-16m 1 0