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 2 0.3 0
126k-150k 1 2 0.3 3
151k-175k 4 0.7 0
176k-200k 11 5 0.1 13.2
201k-225k 5 8 3 0.3 3.8
226k-250k 16 24 6 0.3 4
251k-275k 22 30 5 0.2 4.4
276k-300k 26 44 10 0.3 3.5
301k-325k 27 39 5 0.2 4.2
326k-350k 63 59 8 0.2 6.4
351k-375k 46 71 11 0.3 3.9
376k-400k 68 74 11 0.2 5.5
401k-425k 50 87 13 0.3 3.4
426k-450k 76 69 9 0.2 6.6
451k-475k 45 71 14 0.3 3.8
476k-500k 69 82 7 0.2 5
501k-550k 95 121 18 0.2 4.7
551k-600k 104 80 17 0.1 7.8
601k-650k 59 79 15 0.2 4.5
651k-700k 47 59 7 0.2 4.8
701k-750k 41 66 12 0.3 3.7
751k-800k 45 43 6 0.2 6.3
801k-850k 44 37 3 0.1 7.1
851k-900k 36 36 4 0.2 6
901k-950k 22 23 5 0.2 5.7
951k-1m 38 29 4 0.1 7.9
1m-1.1m 26 30 7 0.2 5.2
1.1m-1.2m 28 26 6 0.2 6.5
1.2m-1.3m 25 33 1 0.2 4.5
1.3m-1.4m 16 30 3 0.3 3.2
1.4m-1.5m 20 16 3 0.1 7.5
1.5m-1.6m 12 17 1 0.2 4.2
1.6m-1.7m 16 16 1 0.2 6
1.7m-1.8m 16 12 2 0.1 8
1.8m-1.9m 14 14 4 0.2 6
1.9m-2m 18 10 0.1 10.8
2m-2.25m 25 9 2 0.1 16.7
2.25m-2.5m 31 14 2 0.1 13.3
2.5m-2.75m 16 13 2 0.1 7.4
2.75m-3m 20 6 1 0.1 20
3m-3.5m 16 12 6 0.1 8
3.5m-4m 25 8 2 0.1 18.8
4m-4.5m 15 5 1 0.1 18
4.5m-5m 10 2 1 0 30
5.01m-6m 15 3 1 0 30
6.01m-7m 8 1 0 48
7.01m-8m 6 2 0.1 18
8.01m-9m 4 0
9.01m-10m 4 1 1 0 24
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
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
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 3 0.1 7.5
276k-300k 3 21 3 1.2 0.9
301k-325k 3 14 3 0.8 1.3
326k-350k 8 8 4 0.2 6
351k-375k 10 12 3 0.2 5
376k-400k 13 17 1 0.2 4.6
401k-425k 9 15 1 0.3 3.6
426k-450k 7 4 0.1 10.5
451k-475k 9 6 0.1 9
476k-500k 9 4 1 0.1 13.5
501k-550k 8 8 3 0.2 6
551k-600k 2 0.3 0
601k-650k 1 0.2 0
651k-700k 1 0.2 0
701k-750k 5 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 2 3 0.3 4
901k-950k 2 0
951k-1m 2 0.3 0
1m-1.1m 3 1 0.5 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 0.3 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 6 5 3 0.1 7.2
101k-125k 6 6 0.2 6
126k-150k 9 12 2 0.2 4.5
151k-175k 24 23 2 0.2 6.3
176k-200k 32 35 7 0.2 5.5
201k-225k 45 31 5 0.1 8.7
226k-250k 49 41 7 0.1 7.2
251k-275k 40 27 6 0.1 8.9
276k-300k 62 36 6 0.1 10.3
301k-325k 41 26 3 0.1 9.5
326k-350k 39 16 4 0.1 14.6
351k-375k 30 11 2 0.1 16.4
376k-400k 21 10 1 0.1 12.6
401k-425k 14 7 2 0.1 12
426k-450k 20 6 0.1 20
451k-475k 13 5 0.1 15.6
476k-500k 25 13 1 0.1 11.5
501k-550k 18 16 3 0.1 6.8
551k-600k 23 14 2 0.1 9.9
601k-650k 21 13 3 0.1 9.7
651k-700k 23 15 2 0.1 9.2
701k-750k 16 14 3 0.1 6.9
751k-800k 9 24 6 0.4 2.3
801k-850k 16 7 1 0.1 13.7
851k-900k 9 11 3 0.2 4.9
901k-950k 6 7 2 0.2 5.1
951k-1m 17 5 1 0 20.4
1m-1.1m 23 9 3 0.1 15.3
1.1m-1.2m 19 8 1 0.1 14.3
1.2m-1.3m 13 12 3 0.2 6.5
1.3m-1.4m 10 10 1 0.2 6
1.4m-1.5m 9 10 2 0.2 5.4
1.5m-1.6m 3 8 2 0.4 2.3
1.6m-1.7m 8 7 3 0.1 6.9
1.7m-1.8m 5 2 1 0.1 15
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 6 5 4 0.1 7.2
2m-2.25m 4 8 5 0.3 3
2.25m-2.5m 8 4 1 0.1 12
2.5m-2.75m 8 4 0.1 12
2.75m-3m 9 2 1 0 27
3m-3.5m 8 3 0.1 16
3.5m-4m 14 2 1 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 2 1 0.1 12
51k-75k 6 0
76k-100k 7 1 0 42
101k-125k 2 2 0.2 6
126k-150k 4 1 0 24
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 1 0 42
301k-325k 2 1 0.1 12
326k-350k 2 1 1 0.1 12
376k-400k 5 1 1 0 30
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 1 1 0.2 6
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 1 0.1 12
801k-850k 3 0
851k-900k 3 1 1 0.1 18
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
1.3m-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 2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 5 1 0 30
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 2 0.3 3
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