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
101k-125k 1 0
126k-150k 2 0.3 0
151k-175k 1 2 0.3 3
176k-200k 8 5 0.1 9.6
201k-225k 5 7 2 0.2 4.3
226k-250k 15 25 7 0.3 3.6
251k-275k 21 29 2 0.2 4.3
276k-300k 23 43 9 0.3 3.2
301k-325k 25 41 4 0.3 3.7
326k-350k 65 57 8 0.1 6.8
351k-375k 48 65 10 0.2 4.4
376k-400k 74 71 12 0.2 6.3
401k-425k 44 86 16 0.3 3.1
426k-450k 83 68 10 0.1 7.3
451k-475k 44 76 15 0.3 3.5
476k-500k 68 75 10 0.2 5.4
501k-550k 93 113 17 0.2 4.9
551k-600k 96 70 14 0.1 8.2
601k-650k 58 78 14 0.2 4.5
651k-700k 46 53 7 0.2 5.2
701k-750k 46 61 9 0.2 4.5
751k-800k 48 40 6 0.1 7.2
801k-850k 42 34 4 0.1 7.4
851k-900k 36 33 5 0.2 6.5
901k-950k 23 24 7 0.2 5.8
951k-1m 37 26 3 0.1 8.5
1m-1.1m 25 31 8 0.2 4.8
1.1m-1.2m 29 23 3 0.1 7.6
1.2m-1.3m 26 32 2 0.2 4.9
1.3m-1.4m 18 28 1 0.3 3.9
1.4m-1.5m 20 16 2 0.1 7.5
1.5m-1.6m 14 18 1 0.2 4.7
1.6m-1.7m 13 17 3 0.2 4.6
1.7m-1.8m 14 9 2 0.1 9.3
1.8m-1.9m 15 14 3 0.2 6.4
1.9m-2m 21 9 0.1 14
2m-2.25m 28 11 4 0.1 15.3
2.25m-2.5m 34 12 0.1 17
2.5m-2.75m 15 13 2 0.1 6.9
2.75m-3m 23 6 1 0 23
3m-3.5m 19 14 6 0.1 8.1
3.5m-4m 25 9 3 0.1 16.7
4m-4.5m 17 5 0 20.4
4.5m-5m 10 2 1 0 30
5.01m-6m 17 1 1 0 102
6.01m-7m 11 1 0 66
7.01m-8m 7 2 0 21
8.01m-9m 2 0
9.01m-10m 4 1 1 0 24
10.01m-11m 1 1 0.2 0
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
151k-175k 1 2 1 0.3 3
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 1 0.1 7.5
276k-300k 2 20 1 1.7 0.6
301k-325k 3 9 0.5 2
326k-350k 8 11 5 0.2 4.4
351k-375k 9 14 5 0.3 3.9
376k-400k 12 17 3 0.2 4.2
401k-425k 9 13 3 0.2 4.2
426k-450k 8 4 0.1 12
451k-475k 8 6 1 0.1 8
476k-500k 13 5 2 0.1 15.6
501k-550k 4 7 2 0.3 3.4
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 3 0.3 4
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
26k-50k 1 0
51k-75k 2 0
76k-100k 8 5 2 0.1 9.6
101k-125k 7 7 1 0.2 6
126k-150k 7 13 2 0.3 3.2
151k-175k 27 26 5 0.2 6.2
176k-200k 31 35 8 0.2 5.3
201k-225k 45 29 4 0.1 9.3
226k-250k 51 38 5 0.1 8.1
251k-275k 40 28 7 0.1 8.6
276k-300k 60 35 5 0.1 10.3
301k-325k 45 24 2 0.1 11.3
326k-350k 41 14 2 0.1 17.6
351k-375k 28 11 1 0.1 15.3
376k-400k 21 10 2 0.1 12.6
401k-425k 12 7 1 0.1 10.3
426k-450k 22 6 0 22
451k-475k 13 5 1 0.1 15.6
476k-500k 27 13 1 0.1 12.5
501k-550k 16 15 3 0.2 6.4
551k-600k 25 15 5 0.1 10
601k-650k 23 12 2 0.1 11.5
651k-700k 22 12 2 0.1 11
701k-750k 18 13 4 0.1 8.3
751k-800k 10 20 5 0.3 3
801k-850k 15 6 1 0.1 15
851k-900k 11 10 4 0.2 6.6
901k-950k 9 6 1 0.1 9
951k-1m 16 6 3 0.1 16
1m-1.1m 23 9 2 0.1 15.3
1.1m-1.2m 20 9 2 0.1 13.3
1.2m-1.3m 13 11 3 0.1 7.1
1.3m-1.4m 9 10 1 0.2 5.4
1.4m-1.5m 7 10 0.2 4.2
1.5m-1.6m 2 8 2 0.7 1.5
1.6m-1.7m 9 6 2 0.1 9
1.7m-1.8m 4 3 1 0.1 8
1.8m-1.9m 4 4 0.2 6
1.9m-2m 6 5 3 0.1 7.2
2m-2.25m 4 8 5 0.3 3
2.25m-2.5m 7 5 2 0.1 8.4
2.5m-2.75m 7 4 0.1 10.5
2.75m-3m 10 2 1 0 30
3m-3.5m 8 2 0 24
3.5m-4m 15 2 0 45
4m-4.5m 5 2 0.1 15
4.5m-5m 6 1 0 36
5.01m-6m 12 1 0 72
6.01m-7m 7 0
7.01m-8m 4 2 1 0.1 12
8.01m-9m 4 1 1 0 24
9.01m-10m 1 0
10.01m-11m 2 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 6 1 0 36
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 2 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 3 2 2 0.1 9
376k-400k 7 1 1 0 42
426k-450k 4 0
451k-475k 2 1 0.1 12
476k-500k 2 3 0.3 4
501k-550k 5 3 1 0.1 10
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 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 3 1 0.1 18
1.4m-1.5m 2 1 1 0.1 12
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 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 1 1 0.2 6
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