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 4 9 4 0.4 2.7
226k-250k 17 21 0.2 4.9
251k-275k 20 31 4 0.3 3.9
276k-300k 22 40 9 0.3 3.3
301k-325k 22 44 8 0.3 3
326k-350k 53 66 9 0.2 4.8
351k-375k 57 75 15 0.2 4.6
376k-400k 71 78 14 0.2 5.5
401k-425k 45 97 14 0.4 2.8
426k-450k 70 79 12 0.2 5.3
451k-475k 40 78 11 0.3 3.1
476k-500k 64 88 10 0.2 4.4
501k-550k 90 122 15 0.2 4.4
551k-600k 99 86 12 0.1 6.9
601k-650k 62 83 16 0.2 4.5
651k-700k 53 65 5 0.2 4.9
701k-750k 38 66 9 0.3 3.5
751k-800k 45 53 8 0.2 5.1
801k-850k 40 43 3 0.2 5.6
851k-900k 29 42 6 0.2 4.1
901k-950k 19 22 3 0.2 5.2
951k-1m 29 32 3 0.2 5.4
1m-1.1m 25 30 4 0.2 5
1.1m-1.2m 31 30 4 0.2 6.2
1.2m-1.3m 27 36 7 0.2 4.5
1.3m-1.4m 16 31 8 0.3 3.1
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 1 0.2 5.4
1.7m-1.8m 15 14 2 0.2 6.4
1.8m-1.9m 14 13 2 0.2 6.5
1.9m-2m 10 11 2 0.2 5.5
2m-2.25m 23 13 2 0.1 10.6
2.25m-2.5m 30 17 2 0.1 10.6
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 2 0.1 19.2
4.5m-5m 10 1 0 60
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 1 0 24
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 18 2 1 1
301k-325k 2 14 2 1.2 0.9
326k-350k 8 5 1 0.1 9.6
351k-375k 9 10 3 0.2 5.4
376k-400k 16 19 1 0.2 5.1
401k-425k 10 17 5 0.3 3.5
426k-450k 8 5 2 0.1 9.6
451k-475k 7 6 2 0.1 7
476k-500k 7 4 0.1 10.5
501k-550k 6 7 0.2 5.1
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 25 2 0.2 5.8
176k-200k 31 36 5 0.2 5.2
201k-225k 36 32 1 0.1 6.8
226k-250k 52 48 9 0.2 6.5
251k-275k 42 28 0.1 9
276k-300k 54 37 3 0.1 8.8
301k-325k 37 30 6 0.1 7.4
326k-350k 38 21 1 0.1 10.9
351k-375k 24 15 2 0.1 9.6
376k-400k 25 11 1 0.1 13.6
401k-425k 12 7 3 0.1 10.3
426k-450k 22 6 1 0 22
451k-475k 13 10 1 0.1 7.8
476k-500k 25 13 1 0.1 11.5
501k-550k 21 19 4 0.2 6.6
551k-600k 19 19 3 0.2 6
601k-650k 17 13 1 0.1 7.8
651k-700k 22 20 0.2 6.6
701k-750k 15 12 0.1 7.5
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 9 6 2 0.1 9
951k-1m 14 6 0.1 14
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 3 0.2 4.8
1.5m-1.6m 3 9 3 0.5 2
1.6m-1.7m 10 6 1 0.1 10
1.7m-1.8m 5 3 2 0.1 10
1.8m-1.9m 3 5 0.3 3.6
1.9m-2m 6 2 2 0.1 18
2m-2.25m 5 4 3 0.1 7.5
2.25m-2.5m 9 5 0.1 10.8
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 1 0.2 6
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