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 0.3 0
126k-150k 1 0.2 0
151k-175k 2 4 2 0.3 3
176k-200k 6 5 0.1 7.2
201k-225k 3 7 0.4 2.6
226k-250k 12 24 4 0.3 3
251k-275k 24 29 4 0.2 5
276k-300k 21 43 8 0.3 2.9
301k-325k 24 41 4 0.3 3.5
326k-350k 64 57 8 0.1 6.7
351k-375k 46 66 12 0.2 4.2
376k-400k 74 74 16 0.2 6
401k-425k 40 88 16 0.4 2.7
426k-450k 85 65 10 0.1 7.8
451k-475k 49 78 17 0.3 3.8
476k-500k 72 74 10 0.2 5.8
501k-550k 96 110 12 0.2 5.2
551k-600k 96 71 14 0.1 8.1
601k-650k 62 83 17 0.2 4.5
651k-700k 56 55 9 0.2 6.1
701k-750k 48 62 9 0.2 4.6
751k-800k 53 43 7 0.1 7.4
801k-850k 38 33 3 0.1 6.9
851k-900k 34 34 4 0.2 6
901k-950k 26 23 7 0.1 6.8
951k-1m 34 24 2 0.1 8.5
1m-1.1m 25 32 8 0.2 4.7
1.1m-1.2m 29 24 3 0.1 7.3
1.2m-1.3m 24 35 5 0.2 4.1
1.3m-1.4m 19 26 1 0.2 4.4
1.4m-1.5m 23 16 3 0.1 8.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 17 18 4 0.2 5.7
1.7m-1.8m 16 10 3 0.1 9.6
1.8m-1.9m 18 13 3 0.1 8.3
1.9m-2m 18 9 0.1 12
2m-2.25m 29 13 6 0.1 13.4
2.25m-2.5m 36 12 0.1 18
2.5m-2.75m 19 13 2 0.1 8.8
2.75m-3m 23 5 0 27.6
3m-3.5m 19 16 7 0.1 7.1
3.5m-4m 24 9 3 0.1 16
4m-4.5m 18 6 1 0.1 18
4.5m-5m 13 2 1 0 39
5.01m-6m 22 1 0 132
6.01m-7m 8 1 0 48
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
27.01m-28m 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 0.1 7.5
276k-300k 2 19 2 1.6 0.6
301k-325k 4 9 0.4 2.7
326k-350k 8 12 6 0.3 4
351k-375k 9 16 6 0.3 3.4
376k-400k 11 15 3 0.2 4.4
401k-425k 8 13 3 0.3 3.7
426k-450k 10 4 0.1 15
451k-475k 7 6 1 0.1 7
476k-500k 8 3 2 0.1 16
501k-550k 7 7 2 0.2 6
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 2 0.2 6
901k-950k 2 0
951k-1m 1 0.2 0
1m-1.1m 4 1 0.7 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
2.75m-3m 2 0
3m-3.5m 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 1 0
51k-75k 2 0
76k-100k 7 5 1 0.1 8.4
101k-125k 6 6 1 0.2 6
126k-150k 7 14 3 0.3 3
151k-175k 29 27 6 0.2 6.4
176k-200k 34 33 3 0.2 6.2
201k-225k 45 30 3 0.1 9
226k-250k 52 36 3 0.1 8.7
251k-275k 47 28 6 0.1 10.1
276k-300k 59 33 3 0.1 10.7
301k-325k 52 27 4 0.1 11.6
326k-350k 41 12 2 0 20.5
351k-375k 23 11 0.1 12.5
376k-400k 25 10 1 0.1 15
401k-425k 12 7 1 0.1 10.3
426k-450k 22 6 0 22
451k-475k 12 5 1 0.1 14.4
476k-500k 27 13 1 0.1 12.5
501k-550k 15 14 2 0.2 6.4
551k-600k 24 15 4 0.1 9.6
601k-650k 27 13 2 0.1 12.5
651k-700k 23 12 0.1 11.5
701k-750k 15 12 2 0.1 7.5
751k-800k 11 20 0.3 3.3
801k-850k 18 6 1 0.1 18
851k-900k 9 10 2 0.2 5.4
901k-950k 8 6 1 0.1 8
951k-1m 16 6 3 0.1 16
1m-1.1m 25 9 2 0.1 16.7
1.1m-1.2m 17 9 1 0.1 11.3
1.2m-1.3m 16 11 2 0.1 8.7
1.3m-1.4m 9 9 2 0.2 6
1.4m-1.5m 12 8 0.1 9
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 7 5 2 0.1 8.4
2m-2.25m 3 8 1 0.4 2.3
2.25m-2.5m 8 5 1 0.1 9.6
2.5m-2.75m 8 4 0.1 12
2.75m-3m 9 2 0 27
3m-3.5m 10 2 0 30
3.5m-4m 12 2 0 36
4m-4.5m 5 2 0.1 15
4.5m-5m 6 1 0 36
5.01m-6m 11 1 0 66
6.01m-7m 7 2 2 0 21
7.01m-8m 4 2 0.1 12
8.01m-9m 5 1 0 30
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 4 3 1 0.1 8
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 6 1 1 0 36
426k-450k 3 0
451k-475k 1 1 0.2 6
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
901k-950k 1 1 0.2 0
951k-1m 2 1 0.1 12
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 2 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 5 1 1 0 30
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 2 1 0.1 9
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