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 10 7 1 0.1 8.6
201k-225k 4 7 3 0.3 3.4
226k-250k 17 19 0.2 5.4
251k-275k 23 32 4 0.2 4.3
276k-300k 26 41 9 0.3 3.8
301k-325k 23 43 9 0.3 3.2
326k-350k 51 63 6 0.2 4.9
351k-375k 57 69 12 0.2 5
376k-400k 74 78 11 0.2 5.7
401k-425k 46 93 12 0.3 3
426k-450k 77 76 8 0.2 6.1
451k-475k 41 77 12 0.3 3.2
476k-500k 64 86 7 0.2 4.5
501k-550k 97 124 14 0.2 4.7
551k-600k 97 86 11 0.1 6.8
601k-650k 61 83 14 0.2 4.4
651k-700k 53 64 3 0.2 5
701k-750k 39 64 7 0.3 3.7
751k-800k 40 49 7 0.2 4.9
801k-850k 43 42 4 0.2 6.1
851k-900k 32 38 3 0.2 5.1
901k-950k 19 21 3 0.2 5.4
951k-1m 31 32 6 0.2 5.8
1m-1.1m 27 26 4 0.2 6.2
1.1m-1.2m 35 31 4 0.1 6.8
1.2m-1.3m 29 36 7 0.2 4.8
1.3m-1.4m 14 33 9 0.4 2.5
1.4m-1.5m 22 20 2 0.2 6.6
1.5m-1.6m 11 20 5 0.3 3.3
1.6m-1.7m 18 18 0.2 6
1.7m-1.8m 16 14 2 0.1 6.9
1.8m-1.9m 17 13 1 0.1 7.8
1.9m-2m 14 10 1 0.1 8.4
2m-2.25m 24 13 2 0.1 11.1
2.25m-2.5m 34 17 3 0.1 12
2.5m-2.75m 15 13 5 0.1 6.9
2.75m-3m 20 6 1 0.1 20
3m-3.5m 13 8 2 0.1 9.8
3.5m-4m 22 8 2 0.1 16.5
4m-4.5m 17 5 1 0 20.4
4.5m-5m 11 1 0 66
5.01m-6m 16 2 0 48
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