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 4 6 3 0.3 4
226k-250k 17 18 0.2 5.7
251k-275k 22 31 4 0.2 4.3
276k-300k 26 40 8 0.3 3.9
301k-325k 23 42 8 0.3 3.3
326k-350k 51 62 5 0.2 4.9
351k-375k 57 69 8 0.2 5
376k-400k 74 76 9 0.2 5.8
401k-425k 46 88 11 0.3 3.1
426k-450k 76 70 7 0.2 6.5
451k-475k 41 72 11 0.3 3.4
476k-500k 64 83 6 0.2 4.6
501k-550k 97 120 14 0.2 4.9
551k-600k 94 84 10 0.1 6.7
601k-650k 61 80 13 0.2 4.6
651k-700k 52 61 3 0.2 5.1
701k-750k 38 60 6 0.3 3.8
751k-800k 40 47 6 0.2 5.1
801k-850k 43 36 3 0.1 7.2
851k-900k 32 36 2 0.2 5.3
901k-950k 18 21 2 0.2 5.1
951k-1m 32 31 6 0.2 6.2
1m-1.1m 26 25 4 0.2 6.2
1.1m-1.2m 34 25 4 0.1 8.2
1.2m-1.3m 28 36 4 0.2 4.7
1.3m-1.4m 14 31 9 0.4 2.7
1.4m-1.5m 22 18 2 0.1 7.3
1.5m-1.6m 11 19 5 0.3 3.5
1.6m-1.7m 18 18 0.2 6
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 14 10 1 0.1 8.4
2m-2.25m 24 11 2 0.1 13.1
2.25m-2.5m 33 17 2 0.1 11.6
2.5m-2.75m 15 12 4 0.1 7.5
2.75m-3m 20 6 1 0.1 20
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 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 1 0
24.01m-25m 1 0
28.01m-29m 1 0