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 4 0.7 0
176k-200k 11 7 1 0.1 9.4
201k-225k 4 9 3 0.4 2.7
226k-250k 17 21 0.2 4.9
251k-275k 20 32 4 0.3 3.8
276k-300k 23 40 9 0.3 3.5
301k-325k 22 43 8 0.3 3.1
326k-350k 53 65 8 0.2 4.9
351k-375k 56 73 13 0.2 4.6
376k-400k 72 78 14 0.2 5.5
401k-425k 45 97 13 0.4 2.8
426k-450k 70 78 11 0.2 5.4
451k-475k 39 77 10 0.3 3
476k-500k 64 87 10 0.2 4.4
501k-550k 91 122 14 0.2 4.5
551k-600k 101 85 11 0.1 7.1
601k-650k 62 81 16 0.2 4.6
651k-700k 54 65 4 0.2 5
701k-750k 39 65 9 0.3 3.6
751k-800k 44 53 9 0.2 5
801k-850k 42 42 3 0.2 6
851k-900k 29 42 6 0.2 4.1
901k-950k 20 22 3 0.2 5.5
951k-1m 29 32 4 0.2 5.4
1m-1.1m 26 28 4 0.2 5.6
1.1m-1.2m 31 30 4 0.2 6.2
1.2m-1.3m 27 37 7 0.2 4.4
1.3m-1.4m 16 30 8 0.3 3.2
1.4m-1.5m 23 21 4 0.2 6.6
1.5m-1.6m 10 21 5 0.4 2.9
1.6m-1.7m 17 19 0.2 5.4
1.7m-1.8m 17 14 2 0.1 7.3
1.8m-1.9m 15 13 2 0.1 6.9
1.9m-2m 12 11 1 0.2 6.5
2m-2.25m 23 13 2 0.1 10.6
2.25m-2.5m 32 16 2 0.1 12
2.5m-2.75m 14 14 5 0.2 6
2.75m-3m 20 7 1 0.1 17.1
3m-3.5m 12 7 1 0.1 10.3
3.5m-4m 20 8 3 0.1 15
4m-4.5m 16 5 1 0.1 19.2
4.5m-5m 12 1 0 72
5.01m-6m 15 2 0 45
6.01m-7m 6 1 0 36
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