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 3 0
76k-100k 2 0.3 0
126k-150k 1 0.2 0
151k-175k 2 4 2 0.3 3
176k-200k 5 5 0.2 6
201k-225k 4 7 0.3 3.4
226k-250k 16 25 4 0.3 3.8
251k-275k 25 29 4 0.2 5.2
276k-300k 24 44 8 0.3 3.3
301k-325k 28 43 7 0.3 3.9
326k-350k 59 57 9 0.2 6.2
351k-375k 47 66 12 0.2 4.3
376k-400k 82 74 17 0.2 6.6
401k-425k 41 88 15 0.4 2.8
426k-450k 89 64 9 0.1 8.3
451k-475k 53 78 16 0.2 4.1
476k-500k 68 74 11 0.2 5.5
501k-550k 93 111 14 0.2 5
551k-600k 101 71 10 0.1 8.5
601k-650k 66 85 19 0.2 4.7
651k-700k 61 55 10 0.2 6.7
701k-750k 48 63 9 0.2 4.6
751k-800k 53 44 8 0.1 7.2
801k-850k 41 34 4 0.1 7.2
851k-900k 36 33 4 0.2 6.5
901k-950k 28 23 5 0.1 7.3
951k-1m 39 25 3 0.1 9.4
1m-1.1m 30 33 7 0.2 5.5
1.1m-1.2m 31 25 4 0.1 7.4
1.2m-1.3m 25 35 5 0.2 4.3
1.3m-1.4m 18 25 0.2 4.3
1.4m-1.5m 24 16 3 0.1 9
1.5m-1.6m 14 19 2 0.2 4.4
1.6m-1.7m 16 18 4 0.2 5.3
1.7m-1.8m 17 10 3 0.1 10.2
1.8m-1.9m 20 13 3 0.1 9.2
1.9m-2m 21 9 0.1 14
2m-2.25m 29 13 5 0.1 13.4
2.25m-2.5m 36 12 1 0.1 18
2.5m-2.75m 18 13 1 0.1 8.3
2.75m-3m 23 5 0 27.6
3m-3.5m 21 16 7 0.1 7.9
3.5m-4m 23 9 3 0.1 15.3
4m-4.5m 18 6 1 0.1 18
4.5m-5m 13 2 1 0 39
5.01m-6m 25 1 0 150
6.01m-7m 9 1 0 54
7.01m-8m 8 2 0 24
8.01m-9m 2 0
9.01m-10m 6 1 0 36
10.01m-11m 2 1 1 0.1 12
11.01m-12m 1 0
12.01m-13m 1 0
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 1 0.2 6
19.01m-20m 1 0
24.01m-25m 1 0
27.01m-28m 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
151k-175k 2 1 0.3 0
176k-200k 2 2 0.2 6
201k-225k 3 2 0.1 9
226k-250k 2 1 0.1 12
251k-275k 5 4 0.1 7.5
276k-300k 2 20 1 1.7 0.6
301k-325k 4 10 1 0.4 2.4
326k-350k 7 11 6 0.3 3.8
351k-375k 10 16 6 0.3 3.8
376k-400k 14 16 4 0.2 5.3
401k-425k 8 13 3 0.3 3.7
426k-450k 10 4 0.1 15
451k-475k 8 5 1 0.1 9.6
476k-500k 9 3 2 0.1 18
501k-550k 8 8 3 0.2 6
551k-600k 1 0.2 0
601k-650k 1 0.2 0
651k-700k 3 1 0.1 18
701k-750k 2 1 1 0.1 12
751k-800k 1 0
801k-850k 1 0
851k-900k 2 2 0.2 6
901k-950k 2 0
951k-1m 1 0.2 0
1m-1.1m 4 1 0.7 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 1 0.3 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

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 1 0
51k-75k 2 0
76k-100k 7 5 1 0.1 8.4
101k-125k 5 6 1 0.2 5
126k-150k 8 14 3 0.3 3.4
151k-175k 28 28 7 0.2 6
176k-200k 37 34 3 0.2 6.5
201k-225k 46 30 4 0.1 9.2
226k-250k 53 37 4 0.1 8.6
251k-275k 45 26 6 0.1 10.4
276k-300k 57 33 3 0.1 10.4
301k-325k 50 26 4 0.1 11.5
326k-350k 44 14 4 0.1 18.9
351k-375k 26 11 0.1 14.2
376k-400k 25 10 1 0.1 15
401k-425k 10 6 1 0.1 10
426k-450k 24 6 0 24
451k-475k 15 5 1 0.1 18
476k-500k 26 13 1 0.1 12
501k-550k 16 14 2 0.1 6.9
551k-600k 25 15 4 0.1 10
601k-650k 25 13 2 0.1 11.5
651k-700k 23 12 0.1 11.5
701k-750k 16 12 2 0.1 8
751k-800k 15 19 0.2 4.7
801k-850k 16 6 1 0.1 16
851k-900k 9 10 2 0.2 5.4
901k-950k 8 6 1 0.1 8
951k-1m 18 6 3 0.1 18
1m-1.1m 23 9 2 0.1 15.3
1.1m-1.2m 18 8 1 0.1 13.5
1.2m-1.3m 17 11 2 0.1 9.3
1.3m-1.4m 9 9 1 0.2 6
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 5 7 1 0.2 4.3
1.6m-1.7m 12 6 1 0.1 12
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 7 5 1 0.1 8.4
2m-2.25m 3 9 1 0.5 2
2.25m-2.5m 8 5 1 0.1 9.6
2.5m-2.75m 8 4 0.1 12
2.75m-3m 10 2 0 30
3m-3.5m 11 2 0 33
3.5m-4m 12 3 1 0 24
4m-4.5m 6 2 0.1 18
4.5m-5m 7 1 0 42
5.01m-6m 11 2 1 0 33
6.01m-7m 7 2 2 0 21
7.01m-8m 4 2 0.1 12
8.01m-9m 5 1 0 30
10.01m-11m 1 0
12.01m-13m 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 0.3 0
51k-75k 5 0
76k-100k 5 1 0 30
101k-125k 2 1 0.1 12
126k-150k 5 1 0 30
151k-175k 3 1 0.1 18
176k-200k 5 3 1 0.1 10
201k-225k 3 0
226k-250k 6 1 0 36
251k-275k 2 1 0.1 12
276k-300k 7 0
301k-325k 2 1 0.1 12
326k-350k 2 2 2 0.2 6
376k-400k 5 1 1 0 30
426k-450k 3 0
451k-475k 1 1 0.2 6
476k-500k 2 3 0.3 4
501k-550k 4 3 1 0.1 8
551k-600k 5 0
601k-650k 6 0
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 1 2 1 0.3 3
801k-850k 3 0
851k-900k 2 2 2 0.2 6
901k-950k 1 1 0.2 0
951k-1m 2 1 0.1 12
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 2 0
1.6m-1.7m 3 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 1 0.2 6
2.75m-3m 4 0
3m-3.5m 1 0
3.5m-4m 2 1 0.1 12
4m-4.5m 2 1 0.1 12
4.5m-5m 3 2 1 0.1 9
5.01m-6m 2 0
6.01m-7m 2 0
9.01m-10m 3 0
10.01m-11m 1 0
11.01m-12m 1 0
15.01m-16m 1 0