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
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 5 6 3 0.2 5
226k-250k 16 18 0.2 5.3
251k-275k 22 30 4 0.2 4.4
276k-300k 26 40 8 0.3 3.9
301k-325k 23 42 8 0.3 3.3
326k-350k 52 62 5 0.2 5
351k-375k 56 69 8 0.2 4.9
376k-400k 74 76 9 0.2 5.8
401k-425k 45 88 11 0.3 3.1
426k-450k 76 71 8 0.2 6.4
451k-475k 41 72 11 0.3 3.4
476k-500k 62 83 6 0.2 4.5
501k-550k 97 119 14 0.2 4.9
551k-600k 91 84 10 0.2 6.5
601k-650k 60 80 13 0.2 4.5
651k-700k 51 61 3 0.2 5
701k-750k 37 60 6 0.3 3.7
751k-800k 40 46 5 0.2 5.2
801k-850k 43 36 3 0.1 7.2
851k-900k 32 36 2 0.2 5.3
901k-950k 17 21 2 0.2 4.9
951k-1m 32 31 6 0.2 6.2
1m-1.1m 25 25 4 0.2 6
1.1m-1.2m 34 25 4 0.1 8.2
1.2m-1.3m 27 35 4 0.2 4.6
1.3m-1.4m 14 31 9 0.4 2.7
1.4m-1.5m 20 18 2 0.2 6.7
1.5m-1.6m 10 19 5 0.3 3.2
1.6m-1.7m 17 18 0.2 5.7
1.7m-1.8m 15 14 2 0.2 6.4
1.8m-1.9m 16 13 1 0.1 7.4
1.9m-2m 12 10 1 0.1 7.2
2m-2.25m 24 11 2 0.1 13.1
2.25m-2.5m 31 17 2 0.1 10.9
2.5m-2.75m 14 12 4 0.1 7
2.75m-3m 19 6 1 0.1 19
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 9 1 0 54
5.01m-6m 16 2 0 48
6.01m-7m 6 1 0 36
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 0
9.01m-10m 2 0
11.01m-12m 2 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 1 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

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
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 4 3 0.1 8
201k-225k 2 2 1 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 5 3 2 0.1 10
276k-300k 2 20 3 1.7 0.6
301k-325k 2 15 3 1.3 0.8
326k-350k 9 7 2 0.1 7.7
351k-375k 7 9 3 0.2 4.7
376k-400k 17 19 1 0.2 5.4
401k-425k 9 14 3 0.3 3.9
426k-450k 8 5 1 0.1 9.6
451k-475k 6 6 0.2 6
476k-500k 6 4 1 0.1 9
501k-550k 7 6 1 0.1 7
551k-600k 2 1 0.3 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 5 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 3 0.5 0
901k-950k 2 1 0.1 12
951k-1m 2 0.3 0
1m-1.1m 2 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 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
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 1 0
26k-50k 1 0
51k-75k 2 1 0.1 12
76k-100k 6 3 1 0.1 12
101k-125k 4 7 0.3 3.4
126k-150k 11 12 3 0.2 5.5
151k-175k 22 23 2 0.2 5.7
176k-200k 28 36 4 0.2 4.7
201k-225k 40 30 2 0.1 8
226k-250k 49 43 9 0.1 6.8
251k-275k 40 26 1 0.1 9.2
276k-300k 53 36 5 0.1 8.8
301k-325k 39 29 4 0.1 8.1
326k-350k 40 19 3 0.1 12.6
351k-375k 25 11 1 0.1 13.6
376k-400k 20 10 1 0.1 12
401k-425k 12 6 3 0.1 12
426k-450k 20 6 1 0.1 20
451k-475k 13 8 0.1 9.8
476k-500k 26 13 0.1 12
501k-550k 20 17 3 0.1 7.1
551k-600k 18 15 2 0.1 7.2
601k-650k 19 12 1 0.1 9.5
651k-700k 23 17 0.1 8.1
701k-750k 14 11 0.1 7.6
751k-800k 10 20 3 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 8 8 0.2 6
901k-950k 9 6 1 0.1 9
951k-1m 13 5 0.1 15.6
1m-1.1m 21 7 2 0.1 18
1.1m-1.2m 21 7 2 0.1 18
1.2m-1.3m 12 9 3 0.1 8
1.3m-1.4m 8 8 2 0.2 6
1.4m-1.5m 8 11 2 0.2 4.4
1.5m-1.6m 4 7 3 0.3 3.4
1.6m-1.7m 8 6 2 0.1 8
1.7m-1.8m 6 3 2 0.1 12
1.8m-1.9m 2 4 0.3 3
1.9m-2m 6 2 1 0.1 18
2m-2.25m 5 3 3 0.1 10
2.25m-2.5m 10 5 0.1 12
2.5m-2.75m 7 5 0.1 8.4
2.75m-3m 8 1 0 48
3m-3.5m 8 4 2 0.1 12
3.5m-4m 11 2 1 0 33
4m-4.5m 7 2 1 0 21
4.5m-5m 5 2 0.1 15
5.01m-6m 11 1 0 66
6.01m-7m 5 0
7.01m-8m 4 1 0 24
8.01m-9m 4 0
9.01m-10m 2 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 1 1 0.2 6
51k-75k 3 0
76k-100k 9 1 0 54
101k-125k 2 2 0.2 6
126k-150k 3 1 0.1 18
151k-175k 3 2 0.1 9
176k-200k 4 2 0.1 12
201k-225k 2 0
226k-250k 6 1 0 36
251k-275k 2 1 0.1 12
276k-300k 7 1 0 42
301k-325k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 6 0
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 1 1 0.2 6
476k-500k 4 3 1 0.1 8
501k-550k 3 2 0.1 9
551k-600k 5 0
601k-650k 5 0
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 1 1 1 0.2 6
801k-850k 3 0
851k-900k 4 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 4 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 0.2 0
2.75m-3m 5 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 3 0
5.01m-6m 1 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