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
51k-75k 1 0
76k-100k 1 2 2 0.3 3
101k-125k 3 1 0.5 0
126k-150k 4 8 2 0.3 3
151k-175k 13 3 1 0 26
176k-200k 11 12 2 0.2 5.5
201k-225k 9 17 4 0.3 3.2
226k-250k 6 21 2 0.6 1.7
251k-275k 5 35 9 1.2 0.9
276k-300k 26 46 5 0.3 3.4
301k-325k 17 61 10 0.6 1.7
326k-350k 49 78 9 0.3 3.8
351k-375k 35 102 12 0.5 2.1
376k-400k 73 126 19 0.3 3.5
401k-425k 61 84 12 0.2 4.4
426k-450k 56 105 15 0.3 3.2
451k-475k 43 77 5 0.3 3.4
476k-500k 70 111 18 0.3 3.8
501k-550k 120 156 22 0.2 4.6
551k-600k 79 125 22 0.3 3.8
601k-650k 56 89 17 0.3 3.8
651k-700k 72 79 9 0.2 5.5
701k-750k 49 69 11 0.2 4.3
751k-800k 46 52 3 0.2 5.3
801k-850k 22 43 4 0.3 3.1
851k-900k 31 39 7 0.2 4.8
901k-950k 24 26 4 0.2 5.5
951k-1m 30 21 1 0.1 8.6
1m-1.1m 22 42 7 0.3 3.1
1.1m-1.2m 21 28 5 0.2 4.5
1.2m-1.3m 12 30 7 0.4 2.4
1.3m-1.4m 17 21 4 0.2 4.9
1.4m-1.5m 14 10 1 0.1 8.4
1.5m-1.6m 7 6 1 0.1 7
1.6m-1.7m 8 4 2 0.1 12
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 1 0
2m-2.25m 11 4 0.1 16.5
2.25m-2.5m 3 6 0.3 3
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 1 0.1 7.5
3.5m-4m 1 3 1 0.5 2
4m-4.5m 2 2 0.2 6
4.5m-5m 5 1 0 30
5.01m-6m 1 0
6.01m-7m 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
176k-200k 1 0.2 0
226k-250k 2 2 1 0.2 6
251k-275k 8 3 1 0.1 16
276k-300k 5 14 2 0.5 2.1
301k-325k 17 26 5 0.3 3.9
326k-350k 27 56 9 0.3 2.9
351k-375k 12 27 1 0.4 2.7
376k-400k 17 6 0.1 17
401k-425k 5 4 1 0.1 7.5
426k-450k 2 3 0.3 4
476k-500k 1 0
501k-550k 2 0.3 0
701k-750k 2 1 0.1 12
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
1.1m-1.2m 1 1 0.2 6
1.4m-1.5m 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
26k-50k 1 0.2 0
51k-75k 4 0.7 0
76k-100k 8 9 1 0.2 5.3
101k-125k 24 18 2 0.1 8
126k-150k 50 22 5 0.1 13.6
151k-175k 37 33 5 0.1 6.7
176k-200k 56 28 3 0.1 12
201k-225k 58 42 5 0.1 8.3
226k-250k 48 32 3 0.1 9
251k-275k 38 25 6 0.1 9.1
276k-300k 51 46 9 0.2 6.7
301k-325k 32 31 3 0.2 6.2
326k-350k 33 18 1 0.1 11
351k-375k 15 8 2 0.1 11.3
376k-400k 19 8 3 0.1 14.3
401k-425k 20 13 1 0.1 9.2
426k-450k 11 13 1 0.2 5.1
451k-475k 8 6 1 0.1 8
476k-500k 19 10 0.1 11.4
501k-550k 17 8 2 0.1 12.8
551k-600k 18 3 0 36
601k-650k 11 6 0.1 11
651k-700k 6 2 1 0.1 18
701k-750k 2 3 0.3 4
751k-800k 9 2 0 27
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 2 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 2 0.3 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0

Land 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
26k-50k 2 0.3 0
51k-75k 6 2 0.1 18
76k-100k 3 2 1 0.1 9
101k-125k 1 1 1 0.2 6
126k-150k 4 0
151k-175k 1 1 0.2 6
176k-200k 2 1 0.1 12
201k-225k 5 2 1 0.1 15
226k-250k 4 0
251k-275k 1 0
276k-300k 6 1 0 36
301k-325k 3 2 1 0.1 9
326k-350k 3 0
351k-375k 2 0
376k-400k 3 0
426k-450k 7 0
451k-475k 2 1 0.1 12
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 2 0
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 4 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
2m-2.25m 5 0
2.25m-2.5m 3 0
10.01m-11m 1 0