Absorption Report

Sarasota

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 Since 12/31 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
126k-150k 1 2 0.3 3
151k-175k 1 4 0.7 1.5
176k-200k 8 7 1 0.1 6.9
201k-225k 3 8 3 0.4 2.3
226k-250k 17 23 0.2 4.4
251k-275k 17 31 4 0.3 3.3
276k-300k 23 38 8 0.3 3.6
301k-325k 21 42 7 0.3 3
326k-350k 56 65 10 0.2 5.2
351k-375k 60 75 14 0.2 4.8
376k-400k 67 77 10 0.2 5.2
401k-425k 46 95 14 0.3 2.9
426k-450k 69 78 12 0.2 5.3
451k-475k 42 76 9 0.3 3.3
476k-500k 59 88 11 0.2 4
501k-550k 90 122 14 0.2 4.4
551k-600k 100 86 11 0.1 7
601k-650k 63 78 12 0.2 4.8
651k-700k 56 68 5 0.2 4.9
701k-750k 39 65 7 0.3 3.6
751k-800k 49 54 7 0.2 5.4
801k-850k 39 43 4 0.2 5.4
851k-900k 27 43 6 0.3 3.8
901k-950k 18 21 2 0.2 5.1
951k-1m 26 34 3 0.2 4.6
1m-1.1m 26 32 5 0.2 4.9
1.1m-1.2m 28 30 3 0.2 5.6
1.2m-1.3m 29 36 7 0.2 4.8
1.3m-1.4m 16 31 8 0.3 3.1
1.4m-1.5m 19 20 2 0.2 5.7
1.5m-1.6m 12 22 5 0.3 3.3
1.6m-1.7m 12 19 2 0.3 3.8
1.7m-1.8m 18 14 2 0.1 7.7
1.8m-1.9m 15 12 1 0.1 7.5
1.9m-2m 10 11 3 0.2 5.5
2m-2.25m 21 12 1 0.1 10.5
2.25m-2.5m 32 16 1 0.1 12
2.5m-2.75m 13 14 5 0.2 5.6
2.75m-3m 19 7 1 0.1 16.3
3m-3.5m 12 7 1 0.1 10.3
3.5m-4m 20 7 2 0.1 17.1
4m-4.5m 13 4 1 0.1 19.5
4.5m-5m 13 2 1 0 39
5.01m-6m 15 2 0 45
6.01m-7m 4 1 0 24
7.01m-8m 5 4 1 0.1 7.5
8.01m-9m 4 1 0 24
9.01m-10m 2 1 0.1 12
10.01m-11m 1 0
11.01m-12m 1 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 Since 12/31 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 6 3 0.1 12
201k-225k 2 2 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 4 2 1 0.1 12
276k-300k 4 18 2 0.8 1.3
301k-325k 2 13 1.1 0.9
326k-350k 8 5 1 0.1 9.6
351k-375k 11 10 3 0.2 6.6
376k-400k 17 20 1 0.2 5.1
401k-425k 14 18 6 0.2 4.7
426k-450k 9 5 2 0.1 10.8
451k-475k 5 6 2 0.2 5
476k-500k 5 4 0.1 7.5
501k-550k 8 7 0.1 6.9
551k-600k 2 1 0.3 0
601k-650k 2 0.3 0
651k-700k 1 1 0.2 0
701k-750k 3 0
751k-800k 1 2 0.3 3
801k-850k 1 1 0.2 6
851k-900k 4 0.7 0
901k-950k 2 1 0.1 12
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
1.9m-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 Since 12/31 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 6 2 0.1 18
101k-125k 4 8 0.3 3
126k-150k 11 13 2 0.2 5.1
151k-175k 24 25 3 0.2 5.8
176k-200k 33 36 5 0.2 5.5
201k-225k 39 32 3 0.1 7.3
226k-250k 47 49 9 0.2 5.8
251k-275k 43 28 1 0.1 9.2
276k-300k 53 40 5 0.1 8
301k-325k 36 30 6 0.1 7.2
326k-350k 37 21 1 0.1 10.6
351k-375k 21 14 1 0.1 9
376k-400k 28 11 1 0.1 15.3
401k-425k 11 6 2 0.1 11
426k-450k 21 7 1 0.1 18
451k-475k 13 10 1 0.1 7.8
476k-500k 23 14 1 0.1 9.9
501k-550k 20 19 5 0.2 6.3
551k-600k 14 19 3 0.2 4.4
601k-650k 19 13 1 0.1 8.8
651k-700k 19 20 0.2 5.7
701k-750k 15 12 0.1 7.5
751k-800k 11 18 2 0.3 3.7
801k-850k 16 9 0.1 10.7
851k-900k 9 9 1 0.2 6
901k-950k 9 5 1 0.1 10.8
951k-1m 13 7 0.1 11.1
1m-1.1m 22 11 1 0.1 12
1.1m-1.2m 16 8 3 0.1 12
1.2m-1.3m 10 9 3 0.2 6.7
1.3m-1.4m 6 9 2 0.3 4
1.4m-1.5m 8 9 3 0.2 5.3
1.5m-1.6m 3 8 2 0.4 2.3
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 7 3 2 0.1 14
1.8m-1.9m 3 5 0.3 3.6
1.9m-2m 6 1 1 0 36
2m-2.25m 5 4 3 0.1 7.5
2.25m-2.5m 9 5 0.1 10.8
2.5m-2.75m 4 5 0.2 4.8
2.75m-3m 6 1 0 36
3m-3.5m 9 4 2 0.1 13.5
3.5m-4m 7 1 0 42
4m-4.5m 7 2 1 0 21
4.5m-5m 4 2 0.1 12
5.01m-6m 10 1 0 60
6.01m-7m 7 1 0 42
7.01m-8m 3 1 0.1 18
8.01m-9m 4 0
9.01m-10m 2 0
10.01m-11m 1 0
11.01m-12m 1 0.2 0
14.01m-15m 1 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 0 30
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 5 1 0 30
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 1 0.2 6
426k-450k 5 1 0 30
451k-475k 2 1 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 2 0
851k-900k 1 1 0.2 6
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 1 1 0.2 6
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 3 1 0.1 18
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