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 20 0.2 5.1
251k-275k 20 30 4 0.3 4
276k-300k 22 40 9 0.3 3.3
301k-325k 22 44 9 0.3 3
326k-350k 52 61 8 0.2 5.1
351k-375k 57 73 12 0.2 4.7
376k-400k 73 78 14 0.2 5.6
401k-425k 45 98 14 0.4 2.8
426k-450k 71 76 11 0.2 5.6
451k-475k 39 74 9 0.3 3.2
476k-500k 63 87 10 0.2 4.3
501k-550k 91 121 12 0.2 4.5
551k-600k 98 85 10 0.1 6.9
601k-650k 61 81 14 0.2 4.5
651k-700k 53 66 5 0.2 4.8
701k-750k 38 65 9 0.3 3.5
751k-800k 44 50 8 0.2 5.3
801k-850k 40 42 3 0.2 5.7
851k-900k 29 41 5 0.2 4.2
901k-950k 19 22 3 0.2 5.2
951k-1m 29 32 4 0.2 5.4
1m-1.1m 25 28 4 0.2 5.4
1.1m-1.2m 31 31 5 0.2 6
1.2m-1.3m 26 36 7 0.2 4.3
1.3m-1.4m 16 30 8 0.3 3.2
1.4m-1.5m 21 21 4 0.2 6
1.5m-1.6m 10 21 5 0.4 2.9
1.6m-1.7m 17 19 0.2 5.4
1.7m-1.8m 17 14 2 0.1 7.3
1.8m-1.9m 15 13 1 0.1 6.9
1.9m-2m 11 11 1 0.2 6
2m-2.25m 23 13 2 0.1 10.6
2.25m-2.5m 30 16 2 0.1 11.3
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 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 5 3 0.1 10
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 3 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 16 19 0.2 5.1
401k-425k 10 16 4 0.3 3.8
426k-450k 8 5 2 0.1 9.6
451k-475k 7 6 1 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 2 0.3 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 37 31 1 0.1 7.2
226k-250k 51 46 9 0.2 6.7
251k-275k 42 28 0.1 9
276k-300k 54 36 3 0.1 9
301k-325k 37 30 6 0.1 7.4
326k-350k 38 20 1 0.1 11.4
351k-375k 24 14 2 0.1 10.3
376k-400k 24 11 1 0.1 13.1
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 20 19 3 0.2 6.3
551k-600k 19 17 2 0.1 6.7
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 9 0.1 10
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 12 2 0.1 10.5
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 6 9 2 0.3 4
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 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 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 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