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 1 0.3 0
126k-150k 1 0.2 0
151k-175k 1 3 1 0.5 2
176k-200k 7 5 0.1 8.4
201k-225k 3 7 2 0.4 2.6
226k-250k 11 25 5 0.4 2.6
251k-275k 22 29 3 0.2 4.6
276k-300k 21 43 9 0.3 2.9
301k-325k 24 41 4 0.3 3.5
326k-350k 63 56 9 0.1 6.8
351k-375k 45 67 11 0.2 4
376k-400k 72 73 16 0.2 5.9
401k-425k 45 86 15 0.3 3.1
426k-450k 82 66 10 0.1 7.5
451k-475k 43 76 15 0.3 3.4
476k-500k 71 77 12 0.2 5.5
501k-550k 102 110 15 0.2 5.6
551k-600k 92 72 15 0.1 7.7
601k-650k 59 82 18 0.2 4.3
651k-700k 53 55 9 0.2 5.8
701k-750k 49 63 12 0.2 4.7
751k-800k 52 43 9 0.1 7.3
801k-850k 39 33 2 0.1 7.1
851k-900k 33 33 4 0.2 6
901k-950k 25 24 8 0.2 6.3
951k-1m 37 24 3 0.1 9.3
1m-1.1m 24 32 9 0.2 4.5
1.1m-1.2m 28 24 4 0.1 7
1.2m-1.3m 26 35 5 0.2 4.5
1.3m-1.4m 20 27 1 0.2 4.4
1.4m-1.5m 22 17 3 0.1 7.8
1.5m-1.6m 12 19 2 0.3 3.8
1.6m-1.7m 13 18 4 0.2 4.3
1.7m-1.8m 16 10 3 0.1 9.6
1.8m-1.9m 17 12 2 0.1 8.5
1.9m-2m 19 9 0.1 12.7
2m-2.25m 28 13 6 0.1 12.9
2.25m-2.5m 32 12 0.1 16
2.5m-2.75m 17 13 2 0.1 7.8
2.75m-3m 22 5 0 26.4
3m-3.5m 20 15 7 0.1 8
3.5m-4m 25 10 3 0.1 15
4m-4.5m 17 6 1 0.1 17
4.5m-5m 11 2 1 0 33
5.01m-6m 19 1 1 0 114
6.01m-7m 9 1 0 54
7.01m-8m 7 2 0 21
8.01m-9m 2 0
9.01m-10m 6 1 0 36
10.01m-11m 1 1 1 0.2 6
11.01m-12m 1 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
151k-175k 2 1 0.3 0
176k-200k 3 2 0.1 9
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 2 1.7 0.6
301k-325k 3 9 0.5 2
326k-350k 8 12 6 0.3 4
351k-375k 9 15 6 0.3 3.6
376k-400k 11 16 3 0.2 4.1
401k-425k 8 13 3 0.3 3.7
426k-450k 10 4 0.1 15
451k-475k 7 6 1 0.1 7
476k-500k 9 3 2 0.1 18
501k-550k 8 7 2 0.1 6.9
551k-600k 1 0.2 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 6
701k-750k 3 1 1 0.1 18
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 3 1 0.5 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 1 0.3 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
51k-75k 2 0
76k-100k 8 5 2 0.1 9.6
101k-125k 6 6 1 0.2 6
126k-150k 8 14 3 0.3 3.4
151k-175k 28 26 5 0.2 6.5
176k-200k 34 33 5 0.2 6.2
201k-225k 41 30 4 0.1 8.2
226k-250k 49 37 5 0.1 7.9
251k-275k 43 29 8 0.1 8.9
276k-300k 61 34 5 0.1 10.8
301k-325k 51 26 4 0.1 11.8
326k-350k 39 14 2 0.1 16.7
351k-375k 23 11 1 0.1 12.5
376k-400k 23 10 1 0.1 13.8
401k-425k 12 7 1 0.1 10.3
426k-450k 22 6 0 22
451k-475k 11 5 1 0.1 13.2
476k-500k 27 13 1 0.1 12.5
501k-550k 15 15 3 0.2 6
551k-600k 24 15 4 0.1 9.6
601k-650k 26 13 2 0.1 12
651k-700k 21 12 0.1 10.5
701k-750k 16 12 3 0.1 8
751k-800k 11 20 2 0.3 3.3
801k-850k 16 6 1 0.1 16
851k-900k 10 10 2 0.2 6
901k-950k 9 6 1 0.1 9
951k-1m 15 6 3 0.1 15
1m-1.1m 23 9 2 0.1 15.3
1.1m-1.2m 16 9 1 0.1 10.7
1.2m-1.3m 15 11 2 0.1 8.2
1.3m-1.4m 9 11 2 0.2 4.9
1.4m-1.5m 9 10 0.2 5.4
1.5m-1.6m 2 8 1 0.7 1.5
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 4 3 1 0.1 8
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 2 0.3 3
2.25m-2.5m 7 5 1 0.1 8.4
2.5m-2.75m 10 4 0.1 15
2.75m-3m 9 2 1 0 27
3m-3.5m 10 2 0 30
3.5m-4m 12 2 0 36
4m-4.5m 4 2 0.1 12
4.5m-5m 6 1 0 36
5.01m-6m 10 1 0 60
6.01m-7m 6 2 2 0.1 18
7.01m-8m 4 2 0.1 12
8.01m-9m 4 1 1 0 24
9.01m-10m 1 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 0.3 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 4 3 1 0.1 8
201k-225k 3 0
226k-250k 5 1 0 30
251k-275k 2 1 0.1 12
276k-300k 7 0
301k-325k 2 1 0.1 12
326k-350k 3 2 2 0.1 9
376k-400k 5 1 1 0 30
426k-450k 3 0
451k-475k 2 1 0.1 12
476k-500k 2 3 0.3 4
501k-550k 4 3 1 0.1 8
551k-600k 5 0
601k-650k 5 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
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 3 1 1 0.1 18
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 4 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
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 1 0.1 18
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