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 1 0
76k-100k 2 1 0.3 0
101k-125k 1 0
126k-150k 2 0.3 0
151k-175k 3 0.5 0
176k-200k 9 5 0.1 10.8
201k-225k 4 8 2 0.3 3
226k-250k 17 25 7 0.2 4.1
251k-275k 23 30 4 0.2 4.6
276k-300k 22 45 10 0.3 2.9
301k-325k 24 39 2 0.3 3.7
326k-350k 62 58 8 0.2 6.4
351k-375k 51 69 10 0.2 4.4
376k-400k 72 77 12 0.2 5.6
401k-425k 47 87 12 0.3 3.2
426k-450k 80 70 9 0.1 6.9
451k-475k 43 73 13 0.3 3.5
476k-500k 68 83 11 0.2 4.9
501k-550k 97 119 17 0.2 4.9
551k-600k 99 80 17 0.1 7.4
601k-650k 60 79 14 0.2 4.6
651k-700k 47 57 6 0.2 4.9
701k-750k 42 66 11 0.3 3.8
751k-800k 47 40 5 0.1 7.1
801k-850k 42 36 4 0.1 7
851k-900k 36 34 4 0.2 6.4
901k-950k 23 25 6 0.2 5.5
951k-1m 37 29 4 0.1 7.7
1m-1.1m 24 33 9 0.2 4.4
1.1m-1.2m 28 25 4 0.1 6.7
1.2m-1.3m 26 35 3 0.2 4.5
1.3m-1.4m 18 31 3 0.3 3.5
1.4m-1.5m 20 16 2 0.1 7.5
1.5m-1.6m 15 17 1 0.2 5.3
1.6m-1.7m 13 17 2 0.2 4.6
1.7m-1.8m 15 12 2 0.1 7.5
1.8m-1.9m 16 14 3 0.1 6.9
1.9m-2m 19 10 0.1 11.4
2m-2.25m 27 12 4 0.1 13.5
2.25m-2.5m 34 15 2 0.1 13.6
2.5m-2.75m 16 13 2 0.1 7.4
2.75m-3m 21 6 1 0 21
3m-3.5m 17 14 8 0.1 7.3
3.5m-4m 25 10 3 0.1 15
4m-4.5m 15 5 0.1 18
4.5m-5m 11 2 1 0 33
5.01m-6m 17 3 1 0 34
6.01m-7m 10 1 0 60
7.01m-8m 7 2 0 21
8.01m-9m 2 0
9.01m-10m 3 1 1 0.1 18
10.01m-11m 1 1 0.2 0
11.01m-12m 2 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 1 2 1 0.3 3
176k-200k 3 3 0.2 6
201k-225k 3 2 1 0.1 9
226k-250k 2 1 0.1 12
251k-275k 5 4 1 0.1 7.5
276k-300k 2 21 1 1.8 0.6
301k-325k 3 13 0.7 1.4
326k-350k 7 9 4 0.2 4.7
351k-375k 10 13 4 0.2 4.6
376k-400k 13 16 1 0.2 4.9
401k-425k 9 14 2 0.3 3.9
426k-450k 8 4 0.1 12
451k-475k 9 7 1 0.1 7.7
476k-500k 13 3 1 0 26
501k-550k 4 8 3 0.3 3
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 1 0.2 6
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 1 0.2 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
26k-50k 1 0
51k-75k 1 0
76k-100k 8 5 3 0.1 9.6
101k-125k 7 7 1 0.2 6
126k-150k 7 13 3 0.3 3.2
151k-175k 27 25 4 0.2 6.5
176k-200k 34 37 8 0.2 5.5
201k-225k 44 30 6 0.1 8.8
226k-250k 51 39 6 0.1 7.8
251k-275k 39 27 7 0.1 8.7
276k-300k 60 34 5 0.1 10.6
301k-325k 43 27 2 0.1 9.6
326k-350k 40 16 4 0.1 15
351k-375k 30 11 1 0.1 16.4
376k-400k 21 11 2 0.1 11.5
401k-425k 13 7 1 0.1 11.1
426k-450k 22 6 0 22
451k-475k 14 5 0.1 16.8
476k-500k 28 13 1 0.1 12.9
501k-550k 16 16 3 0.2 6
551k-600k 26 16 5 0.1 9.8
601k-650k 23 12 3 0.1 11.5
651k-700k 22 12 2 0.1 11
701k-750k 17 14 4 0.1 7.3
751k-800k 9 23 5 0.4 2.3
801k-850k 15 6 1 0.1 15
851k-900k 10 10 3 0.2 6
901k-950k 7 7 1 0.2 6
951k-1m 17 7 3 0.1 14.6
1m-1.1m 23 9 2 0.1 15.3
1.1m-1.2m 20 9 2 0.1 13.3
1.2m-1.3m 13 11 3 0.1 7.1
1.3m-1.4m 10 10 1 0.2 6
1.4m-1.5m 7 10 1 0.2 4.2
1.5m-1.6m 2 7 1 0.6 1.7
1.6m-1.7m 9 7 3 0.1 7.7
1.7m-1.8m 4 2 0.1 12
1.8m-1.9m 4 4 0.2 6
1.9m-2m 6 5 3 0.1 7.2
2m-2.25m 4 8 5 0.3 3
2.25m-2.5m 7 5 2 0.1 8.4
2.5m-2.75m 7 4 0.1 10.5
2.75m-3m 9 2 1 0 27
3m-3.5m 9 3 0.1 18
3.5m-4m 14 2 0 42
4m-4.5m 6 2 0.1 18
4.5m-5m 5 1 0 30
5.01m-6m 11 1 0 66
6.01m-7m 7 0
7.01m-8m 4 2 1 0.1 12
8.01m-9m 4 1 1 0 24
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 5 0
76k-100k 7 1 0 42
101k-125k 2 2 0.2 6
126k-150k 5 1 0 30
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 3 1 0.1 18
276k-300k 7 0
301k-325k 2 1 0.1 12
326k-350k 3 1 1 0.1 18
376k-400k 7 1 1 0 42
426k-450k 4 1 0 24
451k-475k 2 1 0.1 12
476k-500k 3 3 1 0.2 6
501k-550k 4 2 0.1 12
551k-600k 4 0
601k-650k 6 0
651k-700k 6 0
701k-750k 4 1 0 24
751k-800k 2 2 1 0.2 6
801k-850k 3 0
851k-900k 3 1 1 0.1 18
951k-1m 2 1 0.1 12
1m-1.1m 3 1 1 0.1 18
1.1m-1.2m 1 1 0.2 6
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 5 0
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0.2 0
2.75m-3m 5 0
3m-3.5m 1 0
3.5m-4m 2 1 0.1 12
4m-4.5m 1 1 0.2 6
4.5m-5m 3 1 1 0.1 18
5.01m-6m 1 0
6.01m-7m 2 0
9.01m-10m 4 0
10.01m-11m 1 0
11.01m-12m 1 0
15.01m-16m 1 0