Absorption Report

Sarasota, FL, House

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 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
76k-100k 1 1 0.2 0
126k-150k 1 2 0.3 3
151k-175k 1 4 0.7 1.5
176k-200k 10 7 1 0.1 8.6
201k-225k 3 9 3 0.5 2
226k-250k 18 19 0.2 5.7
251k-275k 22 32 5 0.2 4.1
276k-300k 24 41 10 0.3 3.5
301k-325k 24 44 9 0.3 3.3
326k-350k 49 63 10 0.2 4.7
351k-375k 56 73 14 0.2 4.6
376k-400k 73 77 12 0.2 5.7
401k-425k 44 96 14 0.4 2.8
426k-450k 73 76 11 0.2 5.8
451k-475k 40 75 10 0.3 3.2
476k-500k 62 87 9 0.2 4.3
501k-550k 95 125 13 0.2 4.6
551k-600k 100 84 9 0.1 7.1
601k-650k 57 81 15 0.2 4.2
651k-700k 55 65 4 0.2 5.1
701k-750k 41 63 8 0.3 3.9
751k-800k 39 52 9 0.2 4.5
801k-850k 43 43 4 0.2 6
851k-900k 31 39 5 0.2 4.8
901k-950k 19 22 3 0.2 5.2
951k-1m 29 33 5 0.2 5.3
1m-1.1m 26 27 5 0.2 5.8
1.1m-1.2m 35 32 6 0.2 6.6
1.2m-1.3m 26 36 8 0.2 4.3
1.3m-1.4m 15 32 9 0.4 2.8
1.4m-1.5m 22 21 4 0.2 6.3
1.5m-1.6m 11 19 5 0.3 3.5
1.6m-1.7m 16 18 0.2 5.3
1.7m-1.8m 18 14 2 0.1 7.7
1.8m-1.9m 14 13 1 0.2 6.5
1.9m-2m 14 10 1 0.1 8.4
2m-2.25m 24 13 2 0.1 11.1
2.25m-2.5m 33 17 3 0.1 11.6
2.5m-2.75m 14 14 5 0.2 6
2.75m-3m 20 6 1 0.1 20
3m-3.5m 12 8 2 0.1 9
3.5m-4m 21 8 3 0.1 15.8
4m-4.5m 16 5 1 0.1 19.2
4.5m-5m 13 1 0 78
5.01m-6m 15 2 0 45
6.01m-7m 7 1 0 42
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 0
9.01m-10m 2 0
10.01m-11m 1 0
11.01m-12m 2 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 2 0
16.01m-17m 1 0.2 0
17.01m-18m 1 0
19.01m-20m 2 0
24.01m-25m 1 0
28.01m-29m 1 0