Absorption Report

Sarasota, Benjamin

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
101k-125k 3 0.5 0
126k-150k 1 0.2 0
151k-175k 8 2 1.3 0
176k-200k 7 27 7 0.6 1.6
201k-225k 11 46 6 0.7 1.4
226k-250k 23 68 11 0.5 2
251k-275k 34 95 16 0.5 2.1
276k-300k 66 119 24 0.3 3.3
301k-325k 58 137 22 0.4 2.5
326k-350k 84 154 23 0.3 3.3
351k-375k 59 102 21 0.3 3.5
376k-400k 49 95 20 0.3 3.1
401k-425k 25 48 15 0.3 3.1
426k-450k 26 27 3 0.2 5.8
451k-475k 18 24 3 0.2 4.5
476k-500k 22 19 4 0.1 6.9
501k-550k 21 20 3 0.2 6.3
551k-600k 17 10 2 0.1 10.2
601k-650k 9 4 1 0.1 13.5
651k-700k 5 0
701k-750k 10 3 0.1 20
751k-800k 4 0
801k-850k 2 0
851k-900k 3 2 0.1 9
901k-950k 1 1 0.2 6
951k-1m 1 1 0.2 6
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0
1.6m-1.7m 1 0
2m-2.25m 1 0
4.5m-5m 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
101k-125k 1 0.2 0
176k-200k 1 0.2 0
226k-250k 4 3 1 0.1 8
251k-275k 1 0
276k-300k 1 0.2 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
101k-125k 2 0.3 0
176k-200k 1 0.2 0
201k-225k 1 0
351k-375k 1 0.2 0
501k-550k 1 0.2 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 2 4 0.3 3
26k-50k 17 44 2 0.4 2.3
51k-75k 29 29 9 0.2 6
76k-100k 13 13 1 0.2 6
101k-125k 8 4 0.1 12
126k-150k 12 3 0 24
151k-175k 5 2 1 0.1 15
176k-200k 6 0
201k-225k 2 2 0.2 6
226k-250k 2 0
251k-275k 1 3 2 0.5 2
276k-300k 3 0
326k-350k 2 0
351k-375k 1 0
376k-400k 2 0
501k-550k 1 1 0.2 0
551k-600k 2 0
601k-650k 1 0
651k-700k 2 0
701k-750k 2 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0
1.2m-1.3m 1 1 0.2 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 2 0
3m-3.5m 2 0
3.5m-4m 2 0
9.01m-10m 1 0