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 3 0.5 0
176k-200k 10 5 0.1 12
201k-225k 4 8 3 0.3 3
226k-250k 16 24 6 0.3 4
251k-275k 22 30 4 0.2 4.4
276k-300k 25 46 12 0.3 3.3
301k-325k 25 38 3 0.3 3.9
326k-350k 63 59 8 0.2 6.4
351k-375k 47 71 10 0.3 4
376k-400k 71 76 13 0.2 5.6
401k-425k 47 86 13 0.3 3.3
426k-450k 75 69 9 0.2 6.5
451k-475k 44 70 13 0.3 3.8
476k-500k 67 81 8 0.2 5
501k-550k 98 120 17 0.2 4.9
551k-600k 102 81 19 0.1 7.6
601k-650k 60 80 17 0.2 4.5
651k-700k 48 58 7 0.2 5
701k-750k 42 65 11 0.3 3.9
751k-800k 46 41 5 0.1 6.7
801k-850k 42 38 5 0.2 6.6
851k-900k 35 34 4 0.2 6.2
901k-950k 23 24 6 0.2 5.8
951k-1m 38 28 4 0.1 8.1
1m-1.1m 24 32 9 0.2 4.5
1.1m-1.2m 29 25 6 0.1 7
1.2m-1.3m 25 35 3 0.2 4.3
1.3m-1.4m 16 31 3 0.3 3.1
1.4m-1.5m 20 16 3 0.1 7.5
1.5m-1.6m 14 17 1 0.2 4.9
1.6m-1.7m 14 16 1 0.2 5.3
1.7m-1.8m 15 13 2 0.1 6.9
1.8m-1.9m 15 14 4 0.2 6.4
1.9m-2m 18 10 0.1 10.8
2m-2.25m 25 10 3 0.1 15
2.25m-2.5m 33 15 3 0.1 13.2
2.5m-2.75m 16 13 2 0.1 7.4
2.75m-3m 19 6 1 0.1 19
3m-3.5m 17 13 7 0.1 7.8
3.5m-4m 25 8 2 0.1 18.8
4m-4.5m 15 5 1 0.1 18
4.5m-5m 11 2 1 0 33
5.01m-6m 16 3 1 0 32
6.01m-7m 8 1 0 48
7.01m-8m 7 2 0 21
8.01m-9m 3 0
9.01m-10m 3 1 1 0.1 18
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 4 4 2 0.2 6
276k-300k 3 21 3 1.2 0.9
301k-325k 3 14 2 0.8 1.3
326k-350k 8 8 4 0.2 6
351k-375k 11 12 3 0.2 5.5
376k-400k 13 17 1 0.2 4.6
401k-425k 9 15 1 0.3 3.6
426k-450k 8 4 0.1 12
451k-475k 9 7 1 0.1 7.7
476k-500k 13 4 1 0.1 19.5
501k-550k 4 8 3 0.3 3
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 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 6 6 0.2 6
126k-150k 8 12 2 0.3 4
151k-175k 25 23 2 0.2 6.5
176k-200k 34 36 7 0.2 5.7
201k-225k 44 31 5 0.1 8.5
226k-250k 50 42 7 0.1 7.1
251k-275k 37 28 7 0.1 7.9
276k-300k 59 35 6 0.1 10.1
301k-325k 43 26 2 0.1 9.9
326k-350k 40 16 4 0.1 15
351k-375k 29 11 2 0.1 15.8
376k-400k 22 11 2 0.1 12
401k-425k 12 7 2 0.1 10.3
426k-450k 21 6 0 21
451k-475k 13 5 0.1 15.6
476k-500k 27 13 1 0.1 12.5
501k-550k 17 16 3 0.2 6.4
551k-600k 25 15 3 0.1 10
601k-650k 22 13 3 0.1 10.2
651k-700k 22 14 2 0.1 9.4
701k-750k 16 14 4 0.1 6.9
751k-800k 10 24 5 0.4 2.5
801k-850k 15 6 1 0.1 15
851k-900k 9 10 3 0.2 5.4
901k-950k 6 7 1 0.2 5.1
951k-1m 15 7 3 0.1 12.9
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 1 0.2 5.4
1.5m-1.6m 3 7 1 0.4 2.6
1.6m-1.7m 8 7 3 0.1 6.9
1.7m-1.8m 5 2 0.1 15
1.8m-1.9m 3 4 0.2 4.5
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 8 4 0.1 12
2.75m-3m 10 2 1 0 30
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 7 1 1 0 42
401k-425k 1 0.2 0
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 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 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 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