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
76k-100k 1 1 0.2 0
126k-150k 1 2 0.3 3
151k-175k 4 0.7 0
176k-200k 11 7 1 0.1 9.4
201k-225k 3 9 3 0.5 2
226k-250k 17 19 0.2 5.4
251k-275k 20 29 3 0.2 4.1
276k-300k 22 40 9 0.3 3.3
301k-325k 22 44 9 0.3 3
326k-350k 50 61 8 0.2 4.9
351k-375k 59 71 12 0.2 5
376k-400k 71 76 11 0.2 5.6
401k-425k 45 95 13 0.4 2.8
426k-450k 71 75 10 0.2 5.7
451k-475k 40 73 8 0.3 3.3
476k-500k 62 87 9 0.2 4.3
501k-550k 91 121 10 0.2 4.5
551k-600k 98 84 9 0.1 7
601k-650k 62 80 14 0.2 4.7
651k-700k 53 65 4 0.2 4.9
701k-750k 38 63 8 0.3 3.6
751k-800k 44 50 7 0.2 5.3
801k-850k 40 41 2 0.2 5.9
851k-900k 29 39 5 0.2 4.5
901k-950k 19 22 3 0.2 5.2
951k-1m 30 32 4 0.2 5.6
1m-1.1m 25 26 4 0.2 5.8
1.1m-1.2m 31 31 5 0.2 6
1.2m-1.3m 26 34 7 0.2 4.6
1.3m-1.4m 16 30 7 0.3 3.2
1.4m-1.5m 20 21 4 0.2 5.7
1.5m-1.6m 10 19 5 0.3 3.2
1.6m-1.7m 17 18 0.2 5.7
1.7m-1.8m 17 14 2 0.1 7.3
1.8m-1.9m 14 13 1 0.2 6.5
1.9m-2m 11 10 1 0.2 6.6
2m-2.25m 23 13 2 0.1 10.6
2.25m-2.5m 31 16 2 0.1 11.6
2.5m-2.75m 13 14 5 0.2 5.6
2.75m-3m 19 6 1 0.1 19
3m-3.5m 12 7 1 0.1 10.3
3.5m-4m 20 8 3 0.1 15
4m-4.5m 16 5 1 0.1 19.2
4.5m-5m 11 1 0 66
5.01m-6m 15 2 0 45
6.01m-7m 5 1 0 30
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 0
9.01m-10m 2 0
10.01m-11m 1 0
11.01m-12m 2 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 0.2 0
17.01m-18m 1 0
19.01m-20m 2 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
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 4 3 0.1 8
201k-225k 2 2 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 5 3 2 0.1 10
276k-300k 3 19 2 1.1 0.9
301k-325k 2 15 3 1.3 0.8
326k-350k 8 5 1 0.1 9.6
351k-375k 8 10 3 0.2 4.8
376k-400k 15 18 0.2 5
401k-425k 10 16 4 0.3 3.8
426k-450k 8 5 1 0.1 9.6
451k-475k 7 6 0.1 7
476k-500k 7 3 0.1 14
501k-550k 7 6 0.1 7
551k-600k 2 1 0.3 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 4 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6
851k-900k 3 0.5 0
901k-950k 3 1 0.1 18
951k-1m 2 0.3 0
1m-1.1m 2 1 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
1.9m-2m 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 1 0
26k-50k 1 0
51k-75k 2 1 0.1 12
76k-100k 7 2 0 21
101k-125k 6 7 0.2 5.1
126k-150k 11 12 2 0.2 5.5
151k-175k 24 24 2 0.2 6
176k-200k 30 35 4 0.2 5.1
201k-225k 38 31 1 0.1 7.4
226k-250k 51 45 8 0.1 6.8
251k-275k 42 28 0.1 9
276k-300k 54 35 3 0.1 9.3
301k-325k 38 29 6 0.1 7.9
326k-350k 37 20 1 0.1 11.1
351k-375k 24 14 1 0.1 10.3
376k-400k 23 11 1 0.1 12.5
401k-425k 12 7 3 0.1 10.3
426k-450k 22 6 1 0 22
451k-475k 13 9 1 0.1 8.7
476k-500k 25 13 1 0.1 11.5
501k-550k 21 19 3 0.2 6.6
551k-600k 19 16 2 0.1 7.1
601k-650k 17 13 0.1 7.8
651k-700k 22 20 0.2 6.6
701k-750k 15 11 0.1 8.2
751k-800k 10 19 3 0.3 3.2
801k-850k 15 8 0.1 11.3
851k-900k 9 9 0.2 6
901k-950k 8 6 1 0.1 8
951k-1m 14 5 0.1 16.8
1m-1.1m 21 10 2 0.1 12.6
1.1m-1.2m 18 8 3 0.1 13.5
1.2m-1.3m 11 9 3 0.1 7.3
1.3m-1.4m 7 9 2 0.2 4.7
1.4m-1.5m 8 10 2 0.2 4.8
1.5m-1.6m 3 8 3 0.4 2.3
1.6m-1.7m 9 6 1 0.1 9
1.7m-1.8m 5 3 2 0.1 10
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 6 2 2 0.1 18
2m-2.25m 6 4 3 0.1 9
2.25m-2.5m 10 5 0.1 12
2.5m-2.75m 6 5 0.1 7.2
2.75m-3m 8 1 0 48
3m-3.5m 8 4 2 0.1 12
3.5m-4m 8 2 1 0 24
4m-4.5m 7 2 1 0 21
4.5m-5m 5 2 0.1 15
5.01m-6m 11 1 0 66
6.01m-7m 6 1 0 36
7.01m-8m 4 1 0 24
8.01m-9m 4 0
9.01m-10m 2 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 1 1 0.2 6
51k-75k 3 0
76k-100k 10 1 0 60
101k-125k 1 2 0.3 3
126k-150k 3 1 0.1 18
151k-175k 3 2 0.1 9
176k-200k 4 2 0.1 12
201k-225k 2 0
226k-250k 6 1 0 36
251k-275k 2 1 0.1 12
276k-300k 8 1 0 48
301k-325k 2 1 0.1 12
326k-350k 1 0
351k-375k 1 0
376k-400k 7 0
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 2 1 0.1 12
476k-500k 3 3 0.2 6
501k-550k 3 2 0.1 9
551k-600k 5 0
601k-650k 5 0
651k-700k 5 0
701k-750k 4 1 0 24
751k-800k 1 1 1 0.2 6
801k-850k 3 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 4 0
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 3 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 4 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0.2 0
2.75m-3m 4 0
3m-3.5m 1 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 2 0
9.01m-10m 3 0
11.01m-12m 1 0
15.01m-16m 1 0