Absorption Report

Sarasota, Phillippi Shores Elementary School

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 Since 12/31 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 0
101k-125k 1 0.2 0
126k-150k 1 3 1 0.5 2
151k-175k 1 13 1 2.2 0.5
176k-200k 8 10 1 0.2 4.8
201k-225k 22 40 10 0.3 3.3
226k-250k 22 87 18 0.7 1.5
251k-275k 30 54 7 0.3 3.3
276k-300k 29 39 8 0.2 4.5
301k-325k 13 15 0.2 5.2
326k-350k 20 32 3 0.3 3.8
351k-375k 26 31 5 0.2 5
376k-400k 22 17 2 0.1 7.8
401k-425k 10 17 1 0.3 3.5
426k-450k 7 7 1 0.2 6
451k-475k 7 8 0.2 5.3
476k-500k 11 3 0 22
501k-550k 12 5 1 0.1 14.4
551k-600k 4 6 2 0.3 4
601k-650k 6 5 0.1 7.2
651k-700k 3 5 1 0.3 3.6
701k-750k 2 0.3 0
751k-800k 3 2 0.1 9
801k-850k 1 0.2 0
851k-900k 4 0
901k-950k 3 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 4 1 1 0 24
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 1 0.2 6
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 194 315 57 0.3 3.7
26k-50k 189 127 25 0.1 8.9
51k-75k 59 38 11 0.1 9.3
76k-100k 24 11 1 0.1 13.1
101k-125k 5 1 0 30
126k-150k 4 5 0.2 4.8
151k-175k 3 2 1 0.1 9
176k-200k 1 3 0.5 2
201k-225k 2 3 0.3 4
226k-250k 2 1 0.3 0
251k-275k 3 1 0.1 18
276k-300k 1 0.2 0
301k-325k 1 0
351k-375k 1 0.2 0
476k-500k 1 0
501k-550k 2 1 1 0.1 12
701k-750k 2 0
851k-900k 1 1 0.2 6
901k-950k 2 0
1.4m-1.5m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
19.01m-20m 1 0