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 10 6 1 0.1 10
201k-225k 7 6 3 0.1 7
226k-250k 16 18 0.2 5.3
251k-275k 22 30 4 0.2 4.4
276k-300k 25 40 7 0.3 3.8
301k-325k 24 42 8 0.3 3.4
326k-350k 51 62 5 0.2 4.9
351k-375k 59 69 5 0.2 5.1
376k-400k 73 76 9 0.2 5.8
401k-425k 46 88 10 0.3 3.1
426k-450k 77 71 7 0.2 6.5
451k-475k 41 71 11 0.3 3.5
476k-500k 62 83 5 0.2 4.5
501k-550k 97 119 13 0.2 4.9
551k-600k 92 84 10 0.2 6.6
601k-650k 62 79 13 0.2 4.7
651k-700k 50 61 3 0.2 4.9
701k-750k 39 59 4 0.3 4
751k-800k 41 45 4 0.2 5.5
801k-850k 45 36 3 0.1 7.5
851k-900k 32 36 1 0.2 5.3
901k-950k 17 21 2 0.2 4.9
951k-1m 32 31 5 0.2 6.2
1m-1.1m 26 26 3 0.2 6
1.1m-1.2m 35 25 4 0.1 8.4
1.2m-1.3m 27 35 4 0.2 4.6
1.3m-1.4m 13 31 9 0.4 2.5
1.4m-1.5m 21 18 2 0.1 7
1.5m-1.6m 10 19 4 0.3 3.2
1.6m-1.7m 16 18 0.2 5.3
1.7m-1.8m 15 14 2 0.2 6.4
1.8m-1.9m 16 13 1 0.1 7.4
1.9m-2m 13 10 1 0.1 7.8
2m-2.25m 25 11 2 0.1 13.6
2.25m-2.5m 30 17 2 0.1 10.6
2.5m-2.75m 15 12 4 0.1 7.5
2.75m-3m 18 6 1 0.1 18
3m-3.5m 13 8 2 0.1 9.8
3.5m-4m 23 7 2 0.1 19.7
4m-4.5m 15 5 1 0.1 18
4.5m-5m 9 1 0 54
5.01m-6m 16 2 0 48
6.01m-7m 6 1 0 36
7.01m-8m 5 3 1 0.1 10
8.01m-9m 4 0
9.01m-10m 2 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 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 3 2 0.1 10
276k-300k 2 20 2 1.7 0.6
301k-325k 2 15 3 1.3 0.8
326k-350k 9 7 2 0.1 7.7
351k-375k 6 9 2 0.3 4
376k-400k 17 18 1 0.2 5.7
401k-425k 9 14 3 0.3 3.9
426k-450k 8 5 0.1 9.6
451k-475k 6 6 0.2 6
476k-500k 7 4 1 0.1 10.5
501k-550k 7 6 1 0.1 7
551k-600k 2 1 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 3 0.5 0
901k-950k 2 1 0.1 12
951k-1m 2 0.3 0
1m-1.1m 2 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
1.8m-1.9m 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 6 3 1 0.1 12
101k-125k 5 7 0.2 4.3
126k-150k 11 12 3 0.2 5.5
151k-175k 22 23 2 0.2 5.7
176k-200k 28 35 4 0.2 4.8
201k-225k 39 30 2 0.1 7.8
226k-250k 48 43 8 0.1 6.7
251k-275k 40 26 1 0.1 9.2
276k-300k 53 36 5 0.1 8.8
301k-325k 39 29 4 0.1 8.1
326k-350k 40 19 3 0.1 12.6
351k-375k 25 11 1 0.1 13.6
376k-400k 19 10 1 0.1 11.4
401k-425k 12 6 3 0.1 12
426k-450k 20 6 1 0.1 20
451k-475k 12 8 0.1 9
476k-500k 26 13 0.1 12
501k-550k 20 17 3 0.1 7.1
551k-600k 18 15 2 0.1 7.2
601k-650k 18 12 1 0.1 9
651k-700k 23 17 0.1 8.1
701k-750k 13 11 0.1 7.1
751k-800k 10 20 3 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 8 9 1 0.2 5.3
901k-950k 7 6 1 0.1 7
951k-1m 13 5 0.1 15.6
1m-1.1m 22 7 2 0.1 18.9
1.1m-1.2m 20 7 2 0.1 17.1
1.2m-1.3m 12 9 3 0.1 8
1.3m-1.4m 8 8 2 0.2 6
1.4m-1.5m 8 11 2 0.2 4.4
1.5m-1.6m 4 7 2 0.3 3.4
1.6m-1.7m 9 6 2 0.1 9
1.7m-1.8m 6 3 2 0.1 12
1.8m-1.9m 2 4 0.3 3
1.9m-2m 6 2 1 0.1 18
2m-2.25m 6 3 3 0.1 12
2.25m-2.5m 10 5 0.1 12
2.5m-2.75m 7 5 0.1 8.4
2.75m-3m 8 1 0 48
3m-3.5m 7 4 2 0.1 10.5
3.5m-4m 13 2 1 0 39
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 5 0
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 2 1 0.1 12
51k-75k 3 0
76k-100k 9 1 0 54
101k-125k 2 2 0.2 6
126k-150k 3 1 0.1 18
151k-175k 2 2 0.2 6
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 1 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 4 3 1 0.1 8
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 4 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
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
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 0
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