Absorption Report

Sarasota, FL, New Construction

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
126k-150k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 2 0
201k-225k 1 1 0.2 6
226k-250k 4 1 0 24
251k-275k 6 3 0.1 12
276k-300k 5 9 3 0.3 3.3
301k-325k 5 11 3 0.4 2.7
326k-350k 13 13 1 0.2 6
351k-375k 12 17 2 0.2 4.2
376k-400k 12 13 3 0.2 5.5
401k-425k 17 21 5 0.2 4.9
426k-450k 19 15 0.1 7.6
451k-475k 13 21 8 0.3 3.7
476k-500k 20 36 3 0.3 3.3
501k-550k 34 47 7 0.2 4.3
551k-600k 42 32 7 0.1 7.9
601k-650k 18 29 7 0.3 3.7
651k-700k 16 17 2 0.2 5.6
701k-750k 18 21 6 0.2 5.1
751k-800k 20 21 2 0.2 5.7
801k-850k 19 17 3 0.1 6.7
851k-900k 13 18 3 0.2 4.3
901k-950k 10 12 2 0.2 5
951k-1m 15 7 0.1 12.9
1m-1.1m 12 17 4 0.2 4.2
1.1m-1.2m 11 13 4 0.2 5.1
1.2m-1.3m 9 15 0.3 3.6
1.3m-1.4m 6 14 1 0.4 2.6
1.4m-1.5m 11 9 1 0.1 7.3
1.5m-1.6m 8 10 0.2 4.8
1.6m-1.7m 9 9 1 0.2 6
1.7m-1.8m 8 8 1 0.2 6
1.8m-1.9m 7 7 2 0.2 6
1.9m-2m 10 9 0.2 6.7
2m-2.25m 14 3 0 28
2.25m-2.5m 17 7 2 0.1 14.6
2.5m-2.75m 12 6 1 0.1 12
2.75m-3m 17 5 0 20.4
3m-3.5m 9 7 3 0.1 7.7
3.5m-4m 17 5 2 0 20.4
4m-4.5m 10 3 0.1 20
4.5m-5m 7 1 0 42
5.01m-6m 8 2 1 0 24
6.01m-7m 6 0
7.01m-8m 4 0
8.01m-9m 3 0
9.01m-10m 3 1 1 0.1 18
11.01m-12m 1 0
14.01m-15m 1 0
15.01m-16m 2 0
16.01m-17m 1 1 0.2 6
17.01m-18m 1 0
19.01m-20m 1 0
24.01m-25m 1 0

Townhouses 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
101k-125k 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 0
226k-250k 1 0
251k-275k 1 0
276k-300k 1 21 3 3.5 0.3
301k-325k 1 10 2 1.7 0.6
326k-350k 3 4 3 0.2 4.5
351k-375k 5 8 3 0.3 3.8
376k-400k 4 10 1 0.4 2.4
401k-425k 3 10 0.6 1.8
426k-450k 3 2 0.1 9
451k-475k 6 5 0.1 7.2
476k-500k 8 4 1 0.1 12
501k-550k 7 8 3 0.2 5.3
551k-600k 2 0.3 0
651k-700k 1 0.2 0
751k-800k 1 0.2 0
851k-900k 1 2 0.3 3
901k-950k 1 0
951k-1m 2 0.3 0
1m-1.1m 1 0.2 0
1.3m-1.4m 1 0.2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.75m-3m 2 0

Condos 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 0.2 0
101k-125k 1 0
126k-150k 3 3 0.2 6
151k-175k 6 7 0.2 5.1
176k-200k 5 6 2 0.2 5
201k-225k 9 10 2 0.2 5.4
226k-250k 16 13 1 0.1 7.4
251k-275k 8 8 1 0.2 6
276k-300k 22 13 3 0.1 10.2
301k-325k 14 9 1 0.1 9.3
326k-350k 12 5 0.1 14.4
351k-375k 10 5 1 0.1 12
376k-400k 4 5 1 0.2 4.8
401k-425k 3 2 2 0.1 9
426k-450k 9 0
451k-475k 3 0
476k-500k 13 7 1 0.1 11.1
501k-550k 7 5 1 0.1 8.4
551k-600k 8 5 1 0.1 9.6
601k-650k 4 7 3 0.3 3.4
651k-700k 10 8 2 0.1 7.5
701k-750k 9 7 2 0.1 7.7
751k-800k 5 13 5 0.4 2.3
801k-850k 8 4 1 0.1 12
851k-900k 5 6 3 0.2 5
901k-950k 3 3 1 0.2 6
951k-1m 12 1 0 72
1m-1.1m 12 4 1 0.1 18
1.1m-1.2m 8 4 1 0.1 12
1.2m-1.3m 6 8 3 0.2 4.5
1.3m-1.4m 3 6 1 0.3 3
1.4m-1.5m 6 6 2 0.2 6
1.5m-1.6m 2 6 2 0.5 2
1.6m-1.7m 3 6 3 0.3 3
1.7m-1.8m 4 3 1 0.1 8
1.8m-1.9m 2 2 0.2 6
1.9m-2m 5 3 2 0.1 10
2m-2.25m 2 8 5 0.7 1.5
2.25m-2.5m 5 3 1 0.1 10
2.5m-2.75m 6 4 0.1 9
2.75m-3m 5 1 0 30
3m-3.5m 5 3 0.1 10
3.5m-4m 8 2 1 0 24
4m-4.5m 5 2 0.1 15
4.5m-5m 3 1 0.1 18
5.01m-6m 9 0
6.01m-7m 6 0
7.01m-8m 3 2 1 0.1 9
8.01m-9m 3 1 1 0.1 18
9.01m-10m 2 0
10.01m-11m 1 0
14.01m-15m 1 0