Absorption Report

Sarasota

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 Since 12/31 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
51k-75k 1 0.2 0
76k-100k 4 1 0.7 0
101k-125k 3 6 1 0.3 3
126k-150k 1 7 1 1.2 0.9
151k-175k 3 8 5 0.4 2.3
176k-200k 17 29 4 0.3 3.5
201k-225k 20 37 2 0.3 3.2
226k-250k 57 71 8 0.2 4.8
251k-275k 49 95 22 0.3 3.1
276k-300k 113 143 31 0.2 4.7
301k-325k 105 124 14 0.2 5.1
326k-350k 88 97 22 0.2 5.4
351k-375k 80 73 19 0.2 6.6
376k-400k 44 35 5 0.1 7.5
401k-425k 24 23 5 0.2 6.3
426k-450k 20 21 4 0.2 5.7
451k-475k 12 15 3 0.2 4.8
476k-500k 14 12 3 0.1 7
501k-550k 11 15 3 0.2 4.4
551k-600k 6 5 0.1 7.2
601k-650k 4 1 0 24
651k-700k 7 2 1 0 21
701k-750k 4 3 1 0.1 8
751k-800k 5 2 0.1 15
801k-850k 1 0.2 0
851k-900k 2 3 0.3 4
901k-950k 3 1 0.5 0
951k-1m 2 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.5m-1.6m 1 1 1 0.2 6
1.9m-2m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
3.5m-4m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 1 0.2 0
151k-175k 2 0
176k-200k 2 1 0.1 12
201k-225k 2 2 0.2 6
226k-250k 3 3 0.2 6
276k-300k 1 0
476k-500k 2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 6 6 2 0.2 6
101k-125k 11 7 0.1 9.4
126k-150k 19 18 2 0.2 6.3
151k-175k 12 12 0.2 6
176k-200k 9 4 1 0.1 13.5
201k-225k 2 2 0.2 6
226k-250k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0.1 9
26k-50k 1 6 2 1 1
51k-75k 5 1 0 30
76k-100k 1 2 0.3 3
101k-125k 1 0.2 0
126k-150k 5 3 0.1 10
151k-175k 2 1 0.3 0
176k-200k 4 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 1 0.2 6
276k-300k 1 0
301k-325k 1 0.2 0
351k-375k 2 1 0.1 12
376k-400k 2 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
851k-900k 1 0
951k-1m 2 1 0.1 12
1.1m-1.2m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
3.5m-4m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 1 0