Absorption Report

Sarasota

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
151k-175k 2 0.3 0
176k-200k 5 0.8 0
201k-225k 1 7 1.2 0.9
226k-250k 5 23 6 0.8 1.3
251k-275k 9 27 5 0.5 2
276k-300k 19 35 3 0.3 3.3
301k-325k 17 45 4 0.4 2.3
326k-350k 47 85 11 0.3 3.3
351k-375k 32 69 7 0.4 2.8
376k-400k 52 81 9 0.3 3.9
401k-425k 42 57 5 0.2 4.4
426k-450k 66 72 10 0.2 5.5
451k-475k 31 47 3 0.3 4
476k-500k 59 65 8 0.2 5.4
501k-550k 61 90 15 0.2 4.1
551k-600k 63 82 7 0.2 4.6
601k-650k 34 66 4 0.3 3.1
651k-700k 38 52 4 0.2 4.4
701k-750k 25 31 7 0.2 4.8
751k-800k 17 37 1 0.4 2.8
801k-850k 11 28 5 0.4 2.4
851k-900k 12 16 2 0.2 4.5
901k-950k 5 12 1 0.4 2.5
951k-1m 6 8 0.2 4.5
1m-1.1m 8 14 2 0.3 3.4
1.1m-1.2m 4 7 1 0.3 3.4
1.2m-1.3m 3 7 1 0.4 2.6
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 6 2 0.1 18
1.6m-1.7m 2 0
1.7m-1.8m 1 1 0.2 6
1.8m-1.9m 2 1 0.1 12
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 1 1 0.1 12
2.5m-2.75m 3 1 0.5 0
2.75m-3m 1 0
3m-3.5m 1 0

Townhouses 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
176k-200k 1 0.2 0
201k-225k 4 0.7 0
251k-275k 1 0
276k-300k 1 1 0.2 0
301k-325k 2 3 2 0.3 4
326k-350k 6 3 1 0.1 12
351k-375k 1 1 0.2 6
376k-400k 2 0.3 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
651k-700k 1 0.2 0
751k-800k 1 0.2 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
51k-75k 1 1 0.2 0
101k-125k 1 0.2 0
151k-175k 4 8 1 0.3 3
176k-200k 14 15 1 0.2 5.6
201k-225k 13 24 4 0.3 3.3
226k-250k 25 23 3 0.2 6.5
251k-275k 26 22 0.1 7.1
276k-300k 43 26 3 0.1 9.9
301k-325k 21 29 3 0.2 4.3
326k-350k 19 17 1 0.1 6.7
351k-375k 16 15 1 0.2 6.4
376k-400k 12 16 2 0.2 4.5
401k-425k 10 10 2 0.2 6
426k-450k 8 13 3 0.3 3.7
451k-475k 4 4 0.2 6
476k-500k 6 7 0.2 5.1
501k-550k 8 5 0.1 9.6
551k-600k 2 7 1 0.6 1.7
601k-650k 2 3 0.3 4
651k-700k 2 4 0.3 3
701k-750k 2 3 0.3 4
751k-800k 1 2 0.3 3
801k-850k 3 1 0.1 18
851k-900k 4 2 0.1 12
901k-950k 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.7m-1.8m 1 0.2 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0
4m-4.5m 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
26k-50k 1 2 1 0.3 3
51k-75k 5 9 1 0.3 3.3
76k-100k 12 12 3 0.2 6
101k-125k 9 4 0.1 13.5
126k-150k 3 1 0.1 18
151k-175k 3 1 1 0.1 18
176k-200k 1 0
201k-225k 1 0
251k-275k 1 0.2 0
276k-300k 3 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 0
376k-400k 1 0
476k-500k 1 0
601k-650k 2 0
651k-700k 2 0
751k-800k 1 0
901k-950k 3 0
951k-1m 2 0
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 2 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0