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
76k-100k 1 0.2 0
101k-125k 1 3 0.5 2
126k-150k 5 5 1 0.2 6
151k-175k 6 4 0.1 9
176k-200k 12 5 0.1 14.4
201k-225k 11 5 1 0.1 13.2
226k-250k 11 17 2 0.3 3.9
251k-275k 7 12 0.3 3.5
276k-300k 21 21 3 0.2 6
301k-325k 12 40 6 0.6 1.8
326k-350k 31 59 6 0.3 3.2
351k-375k 25 48 5 0.3 3.1
376k-400k 32 51 6 0.3 3.8
401k-425k 16 35 7 0.4 2.7
426k-450k 24 31 9 0.2 4.6
451k-475k 23 28 1 0.2 4.9
476k-500k 25 37 8 0.2 4.1
501k-550k 29 60 12 0.3 2.9
551k-600k 16 44 10 0.5 2.2
601k-650k 14 14 1 0.2 6
651k-700k 14 14 3 0.2 6
701k-750k 7 9 3 0.2 4.7
751k-800k 7 19 3 0.5 2.2
801k-850k 3 13 1 0.7 1.4
851k-900k 5 5 1 0.2 6
901k-950k 1 9 1.5 0.7
951k-1m 4 2 1 0.1 12
1m-1.1m 2 7 3 0.6 1.7
1.1m-1.2m 1 6 1 1 1
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 5 1 1 0 30
1.4m-1.5m 1 0.2 0
1.5m-1.6m 3 2 0.1 9
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 2 4 1 0.3 3
1.9m-2m 3 1 0.1 18
2m-2.25m 3 1 0.1 18
2.25m-2.5m 2 0
2.5m-2.75m 1 2 1 0.3 3
2.75m-3m 1 0.2 0
3m-3.5m 1 0
3.5m-4m 3 0
5.01m-6m 2 0
7.01m-8m 2 0
8.01m-9m 1 0
16.01m-17m 1 0
37.01m-38m 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
126k-150k 1 1 0.2 6
151k-175k 1 0
176k-200k 1 3 1 0.5 2
201k-225k 4 4 1 0.2 6
226k-250k 1 4 0.7 1.5
251k-275k 10 5 1 0.1 12
276k-300k 6 7 1 0.2 5.1
301k-325k 7 5 2 0.1 8.4
326k-350k 5 8 1 0.3 3.8
351k-375k 3 4 0.2 4.5
376k-400k 2 7 1 0.6 1.7
401k-425k 10 13 4 0.2 4.6
426k-450k 6 10 3 0.3 3.6
451k-475k 1 6 1 1 1
476k-500k 2 7 0.6 1.7
501k-550k 3 4 2 0.2 4.5
551k-600k 2 2 0.2 6
601k-650k 3 2 0.1 9
651k-700k 1 0.2 0
951k-1m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 2 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
26k-50k 1 0.2 0
51k-75k 5 5 3 0.2 6
76k-100k 9 16 1 0.3 3.4
101k-125k 23 40 2 0.3 3.5
126k-150k 61 40 5 0.1 9.2
151k-175k 83 86 8 0.2 5.8
176k-200k 90 51 4 0.1 10.6
201k-225k 68 44 6 0.1 9.3
226k-250k 56 42 4 0.1 8
251k-275k 37 26 4 0.1 8.5
276k-300k 36 22 2 0.1 9.8
301k-325k 15 15 4 0.2 6
326k-350k 14 15 2 0.2 5.6
351k-375k 7 4 1 0.1 10.5
376k-400k 8 5 1 0.1 9.6
401k-425k 4 8 1 0.3 3
426k-450k 7 7 1 0.2 6
451k-475k 4 1 0 24
476k-500k 5 9 2 0.3 3.3
501k-550k 4 5 0.2 4.8
551k-600k 3 2 0.1 9
601k-650k 9 6 0.1 9
651k-700k 6 3 0.1 12
701k-750k 4 9 2 0.4 2.7
751k-800k 5 0
801k-850k 4 2 0.1 12
851k-900k 4 3 1 0.1 8
901k-950k 1 1 0.2 6
951k-1m 3 3 0.2 6
1m-1.1m 4 3 0.1 8
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 3 0
1.6m-1.7m 4 2 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 1 3 0.5 2
2m-2.25m 1 0.2 0
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 1 0
3m-3.5m 2 1 0.1 12
3.5m-4m 1 0.2 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
76k-100k 1 2 0.3 3
101k-125k 5 4 0.1 7.5
126k-150k 1 2 0.3 3
151k-175k 1 0.2 0
176k-200k 2 0
201k-225k 1 0.2 0
226k-250k 1 0
276k-300k 1 0
301k-325k 3 0
376k-400k 1 1 0.2 0
401k-425k 1 0
426k-450k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 2 0
601k-650k 2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 2 0
1.3m-1.4m 1 0
1.5m-1.6m 2 0
2.75m-3m 1 0
7.01m-8m 1 0