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 1 0
201k-225k 1 1 1 0.2 6
226k-250k 2 4 0.3 3
251k-275k 4 8 3 0.3 3
276k-300k 15 24 6 0.3 3.8
301k-325k 43 71 8 0.3 3.6
326k-350k 93 155 23 0.3 3.6
351k-375k 77 147 18 0.3 3.1
376k-400k 126 176 23 0.2 4.3
401k-425k 90 80 16 0.1 6.8
426k-450k 90 74 9 0.1 7.3
451k-475k 47 56 10 0.2 5
476k-500k 55 41 5 0.1 8
501k-550k 80 54 6 0.1 8.9
551k-600k 49 33 5 0.1 8.9
601k-650k 34 23 4 0.1 8.9
651k-700k 51 20 2 0.1 15.3
701k-750k 52 21 4 0.1 14.9
751k-800k 42 3 0 84
801k-850k 23 3 0 46
851k-900k 15 2 0 45
901k-950k 12 2 1 0 36
951k-1m 20 0
1m-1.1m 13 1 1 0 78
1.1m-1.2m 7 4 2 0.1 10.5
1.2m-1.3m 7 2 1 0 21
1.3m-1.4m 2 0.3 0
1.4m-1.5m 3 0.5 0
1.5m-1.6m 2 2 2 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
6.01m-7m 2 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
201k-225k 1 0
226k-250k 8 6 1 0.1 8
251k-275k 41 47 6 0.2 5.2
276k-300k 70 66 9 0.2 6.4
301k-325k 75 120 22 0.3 3.8
326k-350k 35 39 3 0.2 5.4
351k-375k 21 39 3 0.3 3.2
376k-400k 27 19 3 0.1 8.5
401k-425k 20 13 1 0.1 9.2
426k-450k 31 10 2 0.1 18.6
451k-475k 17 8 0.1 12.8
476k-500k 20 8 2 0.1 15
501k-550k 36 11 1 0.1 19.6
551k-600k 19 6 0.1 19
601k-650k 3 1 0.1 18
651k-700k 1 0
701k-750k 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
151k-175k 1 1 0.2 0
176k-200k 8 12 3 0.3 4
201k-225k 25 15 4 0.1 10
226k-250k 53 18 0.1 17.7
251k-275k 13 6 0.1 13
276k-300k 18 3 1 0 36
301k-325k 5 2 1 0.1 15
326k-350k 6 0
351k-375k 9 1 1 0 54
376k-400k 13 3 0 26
401k-425k 5 1 0 30
426k-450k 3 0
451k-475k 1 0
476k-500k 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 1 1 0.2 6
26k-50k 3 5 1 0.3 3.6
51k-75k 5 0.8 0
76k-100k 4 1 1 0 24
101k-125k 6 1 1 0 36
126k-150k 2 1 0.1 12
151k-175k 3 0
176k-200k 3 1 0.1 18
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 5 0
326k-350k 3 1 0.1 18
376k-400k 2 0
476k-500k 3 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.9m-2m 1 0
3m-3.5m 1 0
3.5m-4m 1 0.2 0