Absorption Report

Sarasota, Land, Heritage Oaks

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 Since 12/31 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
126k-150k 2 0.3 0
151k-175k 5 4 0.1 7.5
176k-200k 13 28 5 0.4 2.8
201k-225k 29 35 10 0.2 5
226k-250k 72 174 31 0.4 2.5
251k-275k 75 250 59 0.6 1.8
276k-300k 168 340 70 0.3 3
301k-325k 128 244 46 0.3 3.1
326k-350k 105 147 30 0.2 4.3
351k-375k 52 66 11 0.2 4.7
376k-400k 29 52 8 0.3 3.3
401k-425k 24 29 5 0.2 5
426k-450k 17 38 8 0.4 2.7
451k-475k 11 16 3 0.2 4.1
476k-500k 9 21 7 0.4 2.6
501k-550k 17 22 8 0.2 4.6
551k-600k 7 9 4 0.2 4.7
601k-650k 5 5 0.2 6
651k-700k 3 6 2 0.3 3
701k-750k 4 3 0.1 8
751k-800k 1 0.2 0
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 6
901k-950k 3 2 0.1 9
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 6 2 1 0.1 18
1.2m-1.3m 2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 1 0.3 0
1.5m-1.6m 2 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 1 0.2 0
2.75m-3m 3 0
4m-4.5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
9.01m-10m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 1 3 1 0.5 2
226k-250k 23 7 0.1 19.7
251k-275k 14 10 0.1 8.4
276k-300k 1 0
801k-850k 4 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 2 1 0.1 12
126k-150k 3 1 1 0.1 18
151k-175k 5 2 0.1 15
226k-250k 1 0
251k-275k 1 0
451k-475k 1 0
476k-500k 2 0