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 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 21 30 4 0.2 4.2
276k-300k 27 45 11 0.3 3.6
301k-325k 25 38 5 0.3 3.9
326k-350k 62 59 8 0.2 6.3
351k-375k 46 71 11 0.3 3.9
376k-400k 70 75 13 0.2 5.6
401k-425k 49 86 12 0.3 3.4
426k-450k 76 68 8 0.1 6.7
451k-475k 45 70 14 0.3 3.9
476k-500k 67 80 7 0.2 5
501k-550k 95 119 17 0.2 4.8
551k-600k 104 79 17 0.1 7.9
601k-650k 60 77 14 0.2 4.7
651k-700k 49 58 7 0.2 5.1
701k-750k 42 65 12 0.3 3.9
751k-800k 45 41 5 0.2 6.6
801k-850k 43 37 4 0.1 7
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 28 25 6 0.1 6.7
1.2m-1.3m 24 35 3 0.2 4.1
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 15 13 2 0.1 6.9
1.8m-1.9m 14 14 4 0.2 6
1.9m-2m 18 10 0.1 10.8
2m-2.25m 26 9 2 0.1 17.3
2.25m-2.5m 32 15 3 0.1 12.8
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 10 2 1 0 30
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 3 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 6 0.1 9
476k-500k 12 4 1 0.1 18
501k-550k 5 8 3 0.3 3.8
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 9 12 2 0.2 4.5
151k-175k 24 23 2 0.2 6.3
176k-200k 34 36 8 0.2 5.7
201k-225k 45 31 5 0.1 8.7
226k-250k 49 42 7 0.1 7
251k-275k 38 28 7 0.1 8.1
276k-300k 60 35 6 0.1 10.3
301k-325k 42 26 2 0.1 9.7
326k-350k 40 16 4 0.1 15
351k-375k 30 11 2 0.1 16.4
376k-400k 21 10 1 0.1 12.6
401k-425k 13 7 2 0.1 11.1
426k-450k 20 6 0.1 20
451k-475k 14 5 0.1 16.8
476k-500k 26 13 1 0.1 12
501k-550k 17 16 3 0.2 6.4
551k-600k 24 14 2 0.1 10.3
601k-650k 21 13 3 0.1 9.7
651k-700k 23 14 2 0.1 9.9
701k-750k 16 13 3 0.1 7.4
751k-800k 10 24 6 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 2 0.2 5.1
951k-1m 17 6 2 0.1 17
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 7 2 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 8 5 2 0.1 9.6
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 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 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