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
51k-75k 2 0.3 0
76k-100k 3 1 0.5 0
101k-125k 1 0.2 0
126k-150k 1 8 2 1.3 0.8
151k-175k 5 12 2 0.4 2.5
176k-200k 8 34 9 0.7 1.4
201k-225k 13 39 7 0.5 2
226k-250k 22 68 10 0.5 1.9
251k-275k 43 112 13 0.4 2.3
276k-300k 97 157 19 0.3 3.7
301k-325k 91 171 26 0.3 3.2
326k-350k 101 257 44 0.4 2.4
351k-375k 96 238 37 0.4 2.4
376k-400k 120 260 42 0.4 2.8
401k-425k 97 226 36 0.4 2.6
426k-450k 112 209 31 0.3 3.2
451k-475k 75 174 26 0.4 2.6
476k-500k 107 172 33 0.3 3.7
501k-550k 118 253 46 0.4 2.8
551k-600k 131 167 24 0.2 4.7
601k-650k 82 165 23 0.3 3
651k-700k 86 112 13 0.2 4.6
701k-750k 58 101 13 0.3 3.4
751k-800k 42 84 11 0.3 3
801k-850k 52 69 5 0.2 4.5
851k-900k 42 61 11 0.2 4.1
901k-950k 28 46 3 0.3 3.7
951k-1m 44 42 4 0.2 6.3
1m-1.1m 27 44 4 0.3 3.7
1.1m-1.2m 29 27 1 0.2 6.4
1.2m-1.3m 28 34 5 0.2 4.9
1.3m-1.4m 29 33 2 0.2 5.3
1.4m-1.5m 22 14 2 0.1 9.4
1.5m-1.6m 13 21 4 0.3 3.7
1.6m-1.7m 11 8 2 0.1 8.3
1.7m-1.8m 11 10 0.2 6.6
1.8m-1.9m 10 10 2 0.2 6
1.9m-2m 18 5 0 21.6
2m-2.25m 13 9 1 0.1 8.7
2.25m-2.5m 2 7 1 0.6 1.7
2.5m-2.75m 2 2 0.2 6
2.75m-3m 7 4 1 0.1 10.5
3m-3.5m 5 7 1 0.2 4.3
3.5m-4m 7 4 0.1 10.5
4m-4.5m 2 0
4.5m-5m 2 1 0.1 12
5.01m-6m 1 1 0.2 6
6.01m-7m 3 1 0.1 18
7.01m-8m 1 0
8.01m-9m 1 0
14.01m-15m 1 0
15.01m-16m 1 0
19.01m-20m 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
76k-100k 1 0.2 0
151k-175k 2 0.3 0
176k-200k 1 3 2 0.5 2
201k-225k 3 5 2 0.3 3.6
226k-250k 7 17 2 0.4 2.5
251k-275k 10 15 5 0.3 4
276k-300k 15 30 5 0.3 3
301k-325k 17 24 3 0.2 4.3
326k-350k 30 32 5 0.2 5.6
351k-375k 26 48 6 0.3 3.3
376k-400k 31 54 6 0.3 3.4
401k-425k 27 53 9 0.3 3.1
426k-450k 23 41 1 0.3 3.4
451k-475k 13 15 3 0.2 5.2
476k-500k 12 17 3 0.2 4.2
501k-550k 18 26 2 0.2 4.2
551k-600k 22 20 4 0.2 6.6
601k-650k 15 16 2 0.2 5.6
651k-700k 8 15 1 0.3 3.2
701k-750k 8 5 0.1 9.6
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 4 3 2 0.1 8
901k-950k 1 1 0.2 6
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.7m-1.8m 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
51k-75k 5 6 0.2 5
76k-100k 9 10 0.2 5.4
101k-125k 24 39 2 0.3 3.7
126k-150k 78 71 11 0.2 6.6
151k-175k 138 122 18 0.1 6.8
176k-200k 159 134 17 0.1 7.1
201k-225k 141 95 10 0.1 8.9
226k-250k 126 106 16 0.1 7.1
251k-275k 82 54 10 0.1 9.1
276k-300k 59 34 4 0.1 10.4
301k-325k 32 15 0.1 12.8
326k-350k 25 17 3 0.1 8.8
351k-375k 20 14 1 0.1 8.6
376k-400k 12 6 1 0.1 12
401k-425k 3 7 1 0.4 2.6
426k-450k 8 8 0.2 6
451k-475k 5 5 1 0.2 6
476k-500k 6 7 1 0.2 5.1
501k-550k 15 20 1 0.2 4.5
551k-600k 7 7 0.2 6
601k-650k 10 5 2 0.1 12
651k-700k 4 3 0.1 8
701k-750k 3 3 0.2 6
751k-800k 2 0
801k-850k 4 1 0 24
851k-900k 2 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 2 0.3 3
1.6m-1.7m 1 0
1.8m-1.9m 1 0
4.5m-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
-24,000-0 1 0
1k-25k 10 18 1 0.3 3.3
26k-50k 146 4 0 219
51k-75k 11 23 2 0.3 2.9
76k-100k 49 22 1 0.1 13.4
101k-125k 25 16 3 0.1 9.4
126k-150k 28 13 2 0.1 12.9
151k-175k 21 4 2 0 31.5
176k-200k 16 3 2 0 32
201k-225k 7 3 0.1 14
226k-250k 13 1 0 78
251k-275k 9 0
276k-300k 14 3 2 0 28
301k-325k 15 1 1 0 90
326k-350k 4 1 0 24
351k-375k 3 1 1 0.1 18
376k-400k 6 4 0.1 9
401k-425k 4 4 2 0.2 6
426k-450k 6 2 0.1 18
451k-475k 1 1 0.2 6
476k-500k 9 0
501k-550k 7 1 0 42
551k-600k 3 2 0.1 9
601k-650k 14 5 1 0.1 16.8
651k-700k 6 2 0.1 18
701k-750k 8 1 0 48
751k-800k 4 2 1 0.1 12
801k-850k 2 3 0.3 4
851k-900k 1 0
901k-950k 1 0
951k-1m 5 1 0 30
1m-1.1m 4 0
1.1m-1.2m 5 1 0 30
1.2m-1.3m 2 0
1.4m-1.5m 3 1 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 5 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 1 0.2 6
2.75m-3m 3 0
3m-3.5m 5 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0
4.5m-5m 2 0
6.01m-7m 1 0
8.01m-9m 1 0
19.01m-20m 1 0
23.01m-24m 1 0