Absorption Report

Sarasota, FL, Condo

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

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months 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 0
26k-50k 1 0
51k-75k 2 1 0.1 12
76k-100k 6 2 0.1 18
101k-125k 5 7 0.2 4.3
126k-150k 12 12 2 0.2 6
151k-175k 23 23 2 0.2 6
176k-200k 28 35 4 0.2 4.8
201k-225k 40 32 2 0.1 7.5
226k-250k 49 47 10 0.2 6.3
251k-275k 42 28 0.1 9
276k-300k 55 36 4 0.1 9.2
301k-325k 39 29 6 0.1 8.1
326k-350k 37 21 2 0.1 10.6
351k-375k 25 14 1 0.1 10.7
376k-400k 22 11 1 0.1 12
401k-425k 13 7 3 0.1 11.1
426k-450k 21 6 1 0 21
451k-475k 13 9 1 0.1 8.7
476k-500k 25 13 1 0.1 11.5
501k-550k 20 19 3 0.2 6.3
551k-600k 20 16 2 0.1 7.5
601k-650k 17 14 1 0.1 7.3
651k-700k 23 20 0.1 6.9
701k-750k 15 11 0.1 8.2
751k-800k 10 20 4 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 8 9 0.2 5.3
901k-950k 9 6 1 0.1 9
951k-1m 14 5 0.1 16.8
1m-1.1m 21 10 2 0.1 12.6
1.1m-1.2m 19 8 3 0.1 14.3
1.2m-1.3m 9 9 3 0.2 6
1.3m-1.4m 8 9 2 0.2 5.3
1.4m-1.5m 7 11 3 0.3 3.8
1.5m-1.6m 3 8 3 0.4 2.3
1.6m-1.7m 8 6 1 0.1 8
1.7m-1.8m 5 3 2 0.1 10
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 6 2 2 0.1 18
2m-2.25m 5 4 3 0.1 7.5
2.25m-2.5m 10 5 0.1 12
2.5m-2.75m 6 5 0.1 7.2
2.75m-3m 8 1 0 48
3m-3.5m 8 4 2 0.1 12
3.5m-4m 9 2 1 0 27
4m-4.5m 7 2 1 0 21
4.5m-5m 5 2 0.1 15
5.01m-6m 11 1 0 66
6.01m-7m 5 1 0 30
7.01m-8m 4 1 0 24
8.01m-9m 4 0
9.01m-10m 2 0
10.01m-11m 1 0
14.01m-15m 1 0