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 6 5 0.1 7.2
201k-225k 4 7 0.3 3.4
226k-250k 15 24 3 0.3 3.8
251k-275k 25 29 4 0.2 5.2
276k-300k 24 44 8 0.3 3.3
301k-325k 27 43 7 0.3 3.8
326k-350k 61 57 9 0.2 6.4
351k-375k 47 66 12 0.2 4.3
376k-400k 81 74 17 0.2 6.6
401k-425k 39 88 15 0.4 2.7
426k-450k 87 64 9 0.1 8.2
451k-475k 53 78 16 0.2 4.1
476k-500k 68 74 11 0.2 5.5
501k-550k 93 110 13 0.2 5.1
551k-600k 100 71 10 0.1 8.5
601k-650k 63 84 18 0.2 4.5
651k-700k 60 54 9 0.2 6.7
701k-750k 47 63 9 0.2 4.5
751k-800k 55 44 8 0.1 7.5
801k-850k 39 34 4 0.1 6.9
851k-900k 35 33 4 0.2 6.4
901k-950k 27 23 5 0.1 7
951k-1m 38 25 3 0.1 9.1
1m-1.1m 29 33 7 0.2 5.3
1.1m-1.2m 30 25 4 0.1 7.2
1.2m-1.3m 25 35 5 0.2 4.3
1.3m-1.4m 19 25 0.2 4.6
1.4m-1.5m 23 16 3 0.1 8.6
1.5m-1.6m 13 19 2 0.2 4.1
1.6m-1.7m 17 18 4 0.2 5.7
1.7m-1.8m 16 10 3 0.1 9.6
1.8m-1.9m 20 13 3 0.1 9.2
1.9m-2m 21 9 0.1 14
2m-2.25m 28 13 5 0.1 12.9
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 20 16 7 0.1 7.5
3.5m-4m 24 9 3 0.1 16
4m-4.5m 18 6 1 0.1 18
4.5m-5m 13 2 1 0 39
5.01m-6m 26 1 0 156
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 9 0.4 2.7
326k-350k 7 11 6 0.3 3.8
351k-375k 10 16 6 0.3 3.8
376k-400k 14 15 3 0.2 5.6
401k-425k 8 13 3 0.3 3.7
426k-450k 10 4 0.1 15
451k-475k 7 5 1 0.1 8.4
476k-500k 9 3 2 0.1 18
501k-550k 7 8 3 0.2 5.3
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 4 6 1 0.3 4
126k-150k 7 14 3 0.3 3
151k-175k 28 28 7 0.2 6
176k-200k 36 34 3 0.2 6.4
201k-225k 47 30 4 0.1 9.4
226k-250k 51 36 3 0.1 8.5
251k-275k 45 26 6 0.1 10.4
276k-300k 58 33 3 0.1 10.5
301k-325k 50 26 4 0.1 11.5
326k-350k 44 14 4 0.1 18.9
351k-375k 25 11 0.1 13.6
376k-400k 26 10 1 0.1 15.6
401k-425k 10 6 1 0.1 10
426k-450k 24 6 0 24
451k-475k 13 5 1 0.1 15.6
476k-500k 27 13 1 0.1 12.5
501k-550k 15 14 2 0.2 6.4
551k-600k 26 15 4 0.1 10.4
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 13 19 0.2 4.1
801k-850k 17 6 1 0.1 17
851k-900k 9 10 2 0.2 5.4
901k-950k 8 6 1 0.1 8
951k-1m 17 6 3 0.1 17
1m-1.1m 23 9 2 0.1 15.3
1.1m-1.2m 17 8 1 0.1 12.8
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 3 7 1 0.4 2.6
1.6m-1.7m 11 6 1 0.1 11
1.7m-1.8m 4 3 1 0.1 8
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 9 2 0 27
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 6 1 1 0 36
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