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 6 1 0.1 10
201k-225k 7 6 3 0.1 7
226k-250k 17 18 0.2 5.7
251k-275k 21 31 4 0.2 4.1
276k-300k 26 40 7 0.3 3.9
301k-325k 25 42 8 0.3 3.6
326k-350k 52 62 5 0.2 5
351k-375k 59 69 5 0.2 5.1
376k-400k 74 76 9 0.2 5.8
401k-425k 47 88 10 0.3 3.2
426k-450k 77 71 7 0.2 6.5
451k-475k 41 71 11 0.3 3.5
476k-500k 63 83 5 0.2 4.6
501k-550k 99 121 14 0.2 4.9
551k-600k 93 84 10 0.2 6.6
601k-650k 61 79 13 0.2 4.6
651k-700k 51 61 3 0.2 5
701k-750k 43 59 4 0.2 4.4
751k-800k 39 46 5 0.2 5.1
801k-850k 45 37 4 0.1 7.3
851k-900k 34 36 1 0.2 5.7
901k-950k 18 21 2 0.2 5.1
951k-1m 32 31 5 0.2 6.2
1m-1.1m 26 26 3 0.2 6
1.1m-1.2m 36 25 4 0.1 8.6
1.2m-1.3m 26 36 4 0.2 4.3
1.3m-1.4m 13 31 9 0.4 2.5
1.4m-1.5m 23 18 2 0.1 7.7
1.5m-1.6m 10 19 4 0.3 3.2
1.6m-1.7m 17 18 0.2 5.7
1.7m-1.8m 16 14 2 0.1 6.9
1.8m-1.9m 16 13 1 0.1 7.4
1.9m-2m 15 10 1 0.1 9
2m-2.25m 25 11 2 0.1 13.6
2.25m-2.5m 32 17 2 0.1 11.3
2.5m-2.75m 16 12 4 0.1 8
2.75m-3m 19 6 1 0.1 19
3m-3.5m 13 8 2 0.1 9.8
3.5m-4m 23 7 2 0.1 19.7
4m-4.5m 15 5 1 0.1 18
4.5m-5m 11 1 0 66
5.01m-6m 17 2 0 51
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 1 0
24.01m-25m 1 0
28.01m-29m 1 0