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
126k-150k 2 0.3 0
151k-175k 1 2 0.3 3
176k-200k 8 5 0.1 9.6
201k-225k 4 7 2 0.3 3.4
226k-250k 13 25 7 0.3 3.1
251k-275k 20 29 2 0.2 4.1
276k-300k 21 44 10 0.3 2.9
301k-325k 25 41 4 0.3 3.7
326k-350k 64 58 9 0.2 6.6
351k-375k 51 67 12 0.2 4.6
376k-400k 73 73 14 0.2 6
401k-425k 44 86 16 0.3 3.1
426k-450k 83 69 10 0.1 7.2
451k-475k 44 75 14 0.3 3.5
476k-500k 69 76 11 0.2 5.4
501k-550k 99 113 16 0.2 5.3
551k-600k 94 72 16 0.1 7.8
601k-650k 58 80 16 0.2 4.4
651k-700k 48 55 9 0.2 5.2
701k-750k 45 64 12 0.2 4.2
751k-800k 50 42 8 0.1 7.1
801k-850k 40 34 4 0.1 7.1
851k-900k 35 33 5 0.2 6.4
901k-950k 22 25 8 0.2 5.3
951k-1m 37 26 3 0.1 8.5
1m-1.1m 23 32 9 0.2 4.3
1.1m-1.2m 28 24 4 0.1 7
1.2m-1.3m 26 34 4 0.2 4.6
1.3m-1.4m 22 28 1 0.2 4.7
1.4m-1.5m 21 16 2 0.1 7.9
1.5m-1.6m 15 19 2 0.2 4.7
1.6m-1.7m 12 17 3 0.2 4.2
1.7m-1.8m 16 9 2 0.1 10.7
1.8m-1.9m 14 14 3 0.2 6
1.9m-2m 21 9 0.1 14
2m-2.25m 27 12 5 0.1 13.5
2.25m-2.5m 33 12 0.1 16.5
2.5m-2.75m 15 13 2 0.1 6.9
2.75m-3m 22 6 1 0 22
3m-3.5m 20 15 7 0.1 8
3.5m-4m 26 9 3 0.1 17.3
4m-4.5m 18 5 0 21.6
4.5m-5m 10 2 1 0 30
5.01m-6m 16 1 1 0 96
6.01m-7m 11 1 0 66
7.01m-8m 7 2 0 21
8.01m-9m 2 0
9.01m-10m 5 1 1 0 30
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 15 6 0.3 3.6
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 7 6 1 0.1 7
476k-500k 11 3 2 0 22
501k-550k 8 7 2 0.1 6.9
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
51k-75k 2 0
76k-100k 8 5 2 0.1 9.6
101k-125k 6 7 1 0.2 5.1
126k-150k 8 13 2 0.3 3.7
151k-175k 27 26 5 0.2 6.2
176k-200k 32 35 7 0.2 5.5
201k-225k 47 29 4 0.1 9.7
226k-250k 48 38 5 0.1 7.6
251k-275k 42 28 7 0.1 9
276k-300k 61 35 5 0.1 10.5
301k-325k 46 25 3 0.1 11
326k-350k 42 14 2 0.1 18
351k-375k 26 11 1 0.1 14.2
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 12 5 1 0.1 14.4
476k-500k 26 13 1 0.1 12
501k-550k 16 15 3 0.2 6.4
551k-600k 24 15 5 0.1 9.6
601k-650k 23 13 3 0.1 10.6
651k-700k 22 12 2 0.1 11
701k-750k 17 13 4 0.1 7.8
751k-800k 11 20 5 0.3 3.3
801k-850k 16 6 1 0.1 16
851k-900k 10 10 3 0.2 6
901k-950k 10 6 1 0.1 10
951k-1m 15 6 3 0.1 15
1m-1.1m 22 9 2 0.1 14.7
1.1m-1.2m 20 9 2 0.1 13.3
1.2m-1.3m 14 11 3 0.1 7.6
1.3m-1.4m 9 10 1 0.2 5.4
1.4m-1.5m 8 10 0.2 4.8
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 3 4 0.2 4.5
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 14 2 0 42
4m-4.5m 4 2 0.1 12
4.5m-5m 6 1 0 36
5.01m-6m 12 1 0 72
6.01m-7m 6 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 7 1 0 42
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 3 0
226k-250k 5 1 0 30
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 3 1 1 0.1 18
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
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 2 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