Absorption Report

Sarasota, FL

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
1k-25k 3 0
76k-100k 2 1 0.3 0
126k-150k 1 0.2 0
151k-175k 1 3 1 0.5 2
176k-200k 7 5 0.1 8.4
201k-225k 3 7 2 0.4 2.6
226k-250k 11 25 6 0.4 2.6
251k-275k 22 28 2 0.2 4.7
276k-300k 20 43 10 0.4 2.8
301k-325k 24 41 4 0.3 3.5
326k-350k 62 57 9 0.2 6.5
351k-375k 46 67 12 0.2 4.1
376k-400k 70 74 16 0.2 5.7
401k-425k 44 86 15 0.3 3.1
426k-450k 86 67 10 0.1 7.7
451k-475k 43 76 15 0.3 3.4
476k-500k 69 76 11 0.2 5.4
501k-550k 100 111 17 0.2 5.4
551k-600k 92 71 15 0.1 7.8
601k-650k 56 80 16 0.2 4.2
651k-700k 50 54 9 0.2 5.6
701k-750k 46 64 12 0.2 4.3
751k-800k 50 43 9 0.1 7
801k-850k 40 34 2 0.1 7.1
851k-900k 33 33 4 0.2 6
901k-950k 24 24 8 0.2 6
951k-1m 36 26 3 0.1 8.3
1m-1.1m 24 32 9 0.2 4.5
1.1m-1.2m 29 24 4 0.1 7.3
1.2m-1.3m 25 35 5 0.2 4.3
1.3m-1.4m 20 27 1 0.2 4.4
1.4m-1.5m 21 17 3 0.1 7.4
1.5m-1.6m 12 19 2 0.3 3.8
1.6m-1.7m 13 18 4 0.2 4.3
1.7m-1.8m 16 10 3 0.1 9.6
1.8m-1.9m 14 13 3 0.2 6.5
1.9m-2m 20 9 0.1 13.3
2m-2.25m 26 12 5 0.1 13
2.25m-2.5m 33 12 0.1 16.5
2.5m-2.75m 17 13 2 0.1 7.8
2.75m-3m 20 5 0 24
3m-3.5m 20 15 7 0.1 8
3.5m-4m 25 10 4 0.1 15
4m-4.5m 17 5 0 20.4
4.5m-5m 11 2 1 0 33
5.01m-6m 17 1 1 0 102
6.01m-7m 11 1 0 66
7.01m-8m 7 2 0 21
8.01m-9m 2 0
9.01m-10m 6 1 0 36
10.01m-11m 1 1 1 0.2 6
11.01m-12m 1 0
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 1 0.2 6
17.01m-18m 1 0
19.01m-20m 1 0
24.01m-25m 1 0
28.01m-29m 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 2 1 0.3 0
176k-200k 3 2 0.1 9
201k-225k 3 2 0.1 9
226k-250k 2 1 0.1 12
251k-275k 5 4 1 0.1 7.5
276k-300k 2 20 2 1.7 0.6
301k-325k 3 9 0.5 2
326k-350k 8 12 6 0.3 4
351k-375k 9 15 7 0.3 3.6
376k-400k 11 16 3 0.2 4.1
401k-425k 8 13 3 0.3 3.7
426k-450k 10 4 0.1 15
451k-475k 6 6 1 0.2 6
476k-500k 10 3 2 0.1 20
501k-550k 8 7 2 0.1 6.9
551k-600k 1 0.2 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 6
701k-750k 3 1 1 0.1 18
751k-800k 1 0
801k-850k 1 0
851k-900k 2 3 0.3 4
901k-950k 2 0
951k-1m 1 0.2 0
1m-1.1m 3 1 0.5 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 1 0.3 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 1 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
1k-25k 2 0
51k-75k 2 0
76k-100k 8 5 2 0.1 9.6
101k-125k 6 6 1 0.2 6
126k-150k 8 13 2 0.3 3.7
151k-175k 27 26 5 0.2 6.2
176k-200k 32 34 6 0.2 5.6
201k-225k 43 29 3 0.1 8.9
226k-250k 49 37 5 0.1 7.9
251k-275k 41 29 8 0.1 8.5
276k-300k 62 34 5 0.1 10.9
301k-325k 49 26 4 0.1 11.3
326k-350k 39 14 2 0.1 16.7
351k-375k 24 11 1 0.1 13.1
376k-400k 22 10 1 0.1 13.2
401k-425k 12 7 1 0.1 10.3
426k-450k 22 6 0 22
451k-475k 11 5 1 0.1 13.2
476k-500k 27 13 1 0.1 12.5
501k-550k 15 15 3 0.2 6
551k-600k 24 15 4 0.1 9.6
601k-650k 26 13 2 0.1 12
651k-700k 22 12 0.1 11
701k-750k 16 13 3 0.1 7.4
751k-800k 11 20 2 0.3 3.3
801k-850k 16 6 1 0.1 16
851k-900k 10 10 2 0.2 6
901k-950k 9 6 1 0.1 9
951k-1m 14 6 3 0.1 14
1m-1.1m 22 9 2 0.1 14.7
1.1m-1.2m 17 9 1 0.1 11.3
1.2m-1.3m 15 11 2 0.1 8.2
1.3m-1.4m 9 11 2 0.2 4.9
1.4m-1.5m 8 10 0.2 4.8
1.5m-1.6m 2 8 1 0.7 1.5
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 4 3 1 0.1 8
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 6 5 3 0.1 7.2
2m-2.25m 4 8 3 0.3 3
2.25m-2.5m 7 5 2 0.1 8.4
2.5m-2.75m 8 4 0.1 12
2.75m-3m 10 2 1 0 30
3m-3.5m 10 2 0 30
3.5m-4m 12 2 0 36
4m-4.5m 3 2 0.1 9
4.5m-5m 6 1 0 36
5.01m-6m 8 1 0 48
6.01m-7m 5 0
7.01m-8m 4 2 0.1 12
8.01m-9m 4 1 1 0 24
9.01m-10m 1 0
10.01m-11m 1 0
14.01m-15m 1 0

Land 1% 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
26k-50k 2 1 0.3 0
51k-75k 5 0
76k-100k 5 1 0 30
101k-125k 2 1 0.1 12
126k-150k 5 1 0 30
151k-175k 3 1 0.1 18
176k-200k 3 3 1 0.2 6
201k-225k 3 0
226k-250k 5 1 0 30
251k-275k 2 1 0.1 12
276k-300k 7 0
301k-325k 2 1 0.1 12
326k-350k 3 2 2 0.1 9
376k-400k 5 1 1 0 30
426k-450k 3 0
451k-475k 2 1 0.1 12
476k-500k 2 3 0.3 4
501k-550k 4 3 1 0.1 8
551k-600k 5 0
601k-650k 5 0
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 1 2 1 0.3 3
801k-850k 3 0
851k-900k 2 2 2 0.2 6
951k-1m 2 1 0.1 12
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 4 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 1 0.2 6
2.75m-3m 4 0
3m-3.5m 1 0
3.5m-4m 2 1 0.1 12
4m-4.5m 2 1 0.1 12
4.5m-5m 3 1 0.1 18
5.01m-6m 2 0
6.01m-7m 2 0
9.01m-10m 3 0
10.01m-11m 1 0
11.01m-12m 1 0
15.01m-16m 1 0