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 2 2 0.3 0
126k-150k 1 2 0.3 3
151k-175k 4 0.7 0
176k-200k 10 6 0.1 10
201k-225k 7 8 3 0.2 5.3
226k-250k 17 23 5 0.2 4.4
251k-275k 22 29 3 0.2 4.6
276k-300k 26 42 8 0.3 3.7
301k-325k 28 41 6 0.2 4.1
326k-350k 60 60 5 0.2 6
351k-375k 46 70 7 0.3 3.9
376k-400k 69 72 8 0.2 5.8
401k-425k 46 85 14 0.3 3.2
426k-450k 74 69 7 0.2 6.4
451k-475k 43 68 12 0.3 3.8
476k-500k 72 79 6 0.2 5.5
501k-550k 98 119 16 0.2 4.9
551k-600k 97 83 15 0.1 7
601k-650k 64 81 17 0.2 4.7
651k-700k 48 58 4 0.2 5
701k-750k 40 64 9 0.3 3.8
751k-800k 42 46 6 0.2 5.5
801k-850k 41 37 4 0.2 6.6
851k-900k 34 34 3 0.2 6
901k-950k 21 23 4 0.2 5.5
951k-1m 34 30 6 0.1 6.8
1m-1.1m 30 28 6 0.2 6.4
1.1m-1.2m 31 25 5 0.1 7.4
1.2m-1.3m 25 34 2 0.2 4.4
1.3m-1.4m 16 31 7 0.3 3.1
1.4m-1.5m 21 18 2 0.1 7
1.5m-1.6m 10 18 2 0.3 3.3
1.6m-1.7m 17 15 0.1 6.8
1.7m-1.8m 16 14 1 0.1 6.9
1.8m-1.9m 15 13 3 0.1 6.9
1.9m-2m 19 10 1 0.1 11.4
2m-2.25m 23 10 2 0.1 13.8
2.25m-2.5m 31 14 2 0.1 13.3
2.5m-2.75m 16 14 5 0.1 6.9
2.75m-3m 19 5 1 0 22.8
3m-3.5m 16 9 2 0.1 10.7
3.5m-4m 25 8 2 0.1 18.8
4m-4.5m 18 5 1 0 21.6
4.5m-5m 10 1 0 60
5.01m-6m 18 3 1 0 36
6.01m-7m 6 1 0 36
7.01m-8m 6 3 0.1 12
8.01m-9m 4 0
9.01m-10m 4 1 1 0 24
11.01m-12m 2 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
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 4 3 0.1 8
201k-225k 2 2 1 0.2 6
226k-250k 1 1 1 0.2 6
251k-275k 5 4 3 0.1 7.5
276k-300k 2 21 3 1.8 0.6
301k-325k 4 15 3 0.6 1.6
326k-350k 9 7 3 0.1 7.7
351k-375k 8 11 3 0.2 4.4
376k-400k 17 17 1 0.2 6
401k-425k 9 14 1 0.3 3.9
426k-450k 8 4 0.1 12
451k-475k 9 6 0.1 9
476k-500k 8 4 1 0.1 12
501k-550k 8 6 1 0.1 8
551k-600k 2 0.3 0
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 5 0
751k-800k 1 1 0.2 6
801k-850k 1 0
851k-900k 2 3 0.3 4
901k-950k 2 0
951k-1m 2 0.3 0
1m-1.1m 3 1 0.5 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 2 0.3 0
1.4m-1.5m 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 1 0
26k-50k 1 0
51k-75k 2 0
76k-100k 6 4 2 0.1 9
101k-125k 5 7 0.2 4.3
126k-150k 10 12 2 0.2 5
151k-175k 22 23 2 0.2 5.7
176k-200k 31 39 8 0.2 4.8
201k-225k 44 31 4 0.1 8.5
226k-250k 49 43 7 0.1 6.8
251k-275k 39 24 3 0.1 9.8
276k-300k 62 38 7 0.1 9.8
301k-325k 41 27 5 0.1 9.1
326k-350k 40 16 3 0.1 15
351k-375k 25 12 2 0.1 12.5
376k-400k 21 10 1 0.1 12.6
401k-425k 14 6 3 0.1 14
426k-450k 20 6 1 0.1 20
451k-475k 13 5 0.1 15.6
476k-500k 26 12 0.1 13
501k-550k 19 16 4 0.1 7.1
551k-600k 20 14 4 0.1 8.6
601k-650k 18 12 2 0.1 9
651k-700k 24 17 2 0.1 8.5
701k-750k 17 13 2 0.1 7.8
751k-800k 9 25 7 0.5 2.2
801k-850k 17 7 0.1 14.6
851k-900k 9 10 2 0.2 5.4
901k-950k 6 6 1 0.2 6
951k-1m 14 5 1 0.1 16.8
1m-1.1m 23 7 1 0.1 19.7
1.1m-1.2m 20 8 2 0.1 15
1.2m-1.3m 13 11 3 0.1 7.1
1.3m-1.4m 9 11 2 0.2 4.9
1.4m-1.5m 8 10 2 0.2 4.8
1.5m-1.6m 3 8 2 0.4 2.3
1.6m-1.7m 8 7 3 0.1 6.9
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 2 4 0.3 3
1.9m-2m 7 4 3 0.1 10.5
2m-2.25m 5 8 6 0.3 3.8
2.25m-2.5m 10 6 1 0.1 10
2.5m-2.75m 8 4 0.1 12
2.75m-3m 9 2 1 0 27
3m-3.5m 8 4 2 0.1 12
3.5m-4m 13 2 1 0 39
4m-4.5m 6 2 1 0.1 18
4.5m-5m 5 2 0.1 15
5.01m-6m 11 1 0 66
6.01m-7m 5 0
7.01m-8m 4 2 1 0.1 12
8.01m-9m 4 1 1 0 24
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 2 1 0.1 12
51k-75k 3 0
76k-100k 10 1 0 60
101k-125k 2 2 0.2 6
126k-150k 4 1 0 24
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 3 1 0.1 18
276k-300k 7 1 0 42
301k-325k 2 1 0.1 12
326k-350k 2 0
351k-375k 1 0
376k-400k 5 0
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 1 1 0.2 6
476k-500k 3 3 1 0.2 6
501k-550k 4 2 0.1 12
551k-600k 4 0
601k-650k 5 0
651k-700k 6 0
701k-750k 4 1 0 24
751k-800k 2 1 1 0.1 12
801k-850k 3 0
851k-900k 5 0
901k-950k 1 0
951k-1m 3 1 0.1 18
1m-1.1m 2 1 1 0.1 12
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 2 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 2 0
1.5m-1.6m 5 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 5 1 0 30
2.5m-2.75m 1 0.2 0
2.75m-3m 5 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 3 1 1 0.1 18
5.01m-6m 1 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