Absorption Report

Sarasota, Center

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
151k-175k 1 0.2 0
176k-200k 1 0.2 0
201k-225k 5 0.8 0
226k-250k 4 14 1 0.6 1.7
251k-275k 14 46 6 0.5 1.8
276k-300k 42 75 19 0.3 3.4
301k-325k 68 86 18 0.2 4.7
326k-350k 56 100 16 0.3 3.4
351k-375k 32 68 13 0.4 2.8
376k-400k 40 83 14 0.3 2.9
401k-425k 29 51 5 0.3 3.4
426k-450k 35 58 11 0.3 3.6
451k-475k 16 30 3 0.3 3.2
476k-500k 24 26 7 0.2 5.5
501k-550k 23 52 7 0.4 2.7
551k-600k 18 28 7 0.3 3.9
601k-650k 7 23 6 0.5 1.8
651k-700k 14 16 1 0.2 5.3
701k-750k 4 1 0.7 0
751k-800k 6 4 0.1 9
801k-850k 6 6 2 0.2 6
851k-900k 4 7 1 0.3 3.4
901k-950k 2 9 2 0.8 1.3
951k-1m 3 4 1 0.2 4.5
1m-1.1m 5 3 2 0.1 10
1.1m-1.2m 3 7 2 0.4 2.6
1.2m-1.3m 4 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 2 0.3 0
1.5m-1.6m 1 2 0.3 3
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 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
76k-100k 1 0