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 7 2 0 21
101k-125k 6 7 0.2 5.1
126k-150k 11 12 2 0.2 5.5
151k-175k 25 24 2 0.2 6.3
176k-200k 30 35 4 0.2 5.1
201k-225k 37 31 1 0.1 7.2
226k-250k 51 46 9 0.2 6.7
251k-275k 42 28 0.1 9
276k-300k 54 36 3 0.1 9
301k-325k 37 30 6 0.1 7.4
326k-350k 38 20 1 0.1 11.4
351k-375k 25 14 2 0.1 10.7
376k-400k 24 11 1 0.1 13.1
401k-425k 12 7 3 0.1 10.3
426k-450k 22 6 1 0 22
451k-475k 14 9 1 0.1 9.3
476k-500k 25 13 1 0.1 11.5
501k-550k 20 19 3 0.2 6.3
551k-600k 19 17 2 0.1 6.7
601k-650k 17 13 0.1 7.8
651k-700k 22 20 0.2 6.6
701k-750k 15 11 0.1 8.2
751k-800k 10 19 3 0.3 3.2
801k-850k 15 9 0.1 10
851k-900k 9 9 0.2 6
901k-950k 8 6 1 0.1 8
951k-1m 14 5 0.1 16.8
1m-1.1m 21 12 2 0.1 10.5
1.1m-1.2m 18 8 3 0.1 13.5
1.2m-1.3m 11 9 3 0.1 7.3
1.3m-1.4m 6 9 2 0.3 4
1.4m-1.5m 8 10 2 0.2 4.8
1.5m-1.6m 3 8 3 0.4 2.3
1.6m-1.7m 9 6 1 0.1 9
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 6 4 3 0.1 9
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 8 2 1 0 24
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 6 1 0 36
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