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 26 4 0.3 3.7
251k-275k 25 29 4 0.2 5.2
276k-300k 26 45 9 0.3 3.5
301k-325k 27 44 8 0.3 3.7
326k-350k 57 57 9 0.2 6
351k-375k 47 66 11 0.2 4.3
376k-400k 81 72 17 0.1 6.8
401k-425k 42 88 14 0.3 2.9
426k-450k 89 62 8 0.1 8.6
451k-475k 51 78 16 0.3 3.9
476k-500k 70 72 11 0.2 5.8
501k-550k 94 111 13 0.2 5.1
551k-600k 103 71 8 0.1 8.7
601k-650k 64 84 18 0.2 4.6
651k-700k 62 55 10 0.1 6.8
701k-750k 50 62 8 0.2 4.8
751k-800k 56 43 7 0.1 7.8
801k-850k 41 34 4 0.1 7.2
851k-900k 38 33 5 0.1 6.9
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 3 0.1 7.4
1.2m-1.3m 26 33 5 0.2 4.7
1.3m-1.4m 18 25 0.2 4.3
1.4m-1.5m 23 15 2 0.1 9.2
1.5m-1.6m 14 19 2 0.2 4.4
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 21 12 2 0.1 10.5
1.9m-2m 22 9 0.1 14.7
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 26 10 4 0.1 15.6
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
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 19 1 1.6 0.6
301k-325k 4 10 1 0.4 2.4
326k-350k 7 11 5 0.3 3.8
351k-375k 10 15 6 0.3 4
376k-400k 15 16 4 0.2 5.6
401k-425k 7 13 3 0.3 3.2
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 6 6 1 0.2 6
126k-150k 8 14 3 0.3 3.4
151k-175k 28 28 7 0.2 6
176k-200k 36 34 3 0.2 6.4
201k-225k 46 30 4 0.1 9.2
226k-250k 54 37 4 0.1 8.8
251k-275k 46 26 6 0.1 10.6
276k-300k 57 33 2 0.1 10.4
301k-325k 51 25 4 0.1 12.2
326k-350k 44 14 4 0.1 18.9
351k-375k 28 11 0.1 15.3
376k-400k 24 10 1 0.1 14.4
401k-425k 10 6 1 0.1 10
426k-450k 24 6 0 24
451k-475k 15 5 1 0.1 18
476k-500k 27 13 1 0.1 12.5
501k-550k 16 14 2 0.1 6.9
551k-600k 25 14 3 0.1 10.7
601k-650k 24 14 3 0.1 10.3
651k-700k 23 12 0.1 11.5
701k-750k 16 12 2 0.1 8
751k-800k 16 19 0.2 5.1
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 2 0.1 18
1m-1.1m 24 10 3 0.1 14.4
1.1m-1.2m 18 7 1 0.1 15.4
1.2m-1.3m 19 11 2 0.1 10.4
1.3m-1.4m 7 9 1 0.2 4.7
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 4 9 1 0.4 2.7
2.25m-2.5m 9 6 2 0.1 9
2.5m-2.75m 9 3 0.1 18
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 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