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 0.3 0
126k-150k 1 0.2 0
151k-175k 2 4 2 0.3 3
176k-200k 5 5 0.2 6
201k-225k 4 7 0.3 3.4
226k-250k 16 26 4 0.3 3.7
251k-275k 25 29 4 0.2 5.2
276k-300k 26 45 9 0.3 3.5
301k-325k 27 45 9 0.3 3.6
326k-350k 57 58 9 0.2 5.9
351k-375k 49 67 11 0.2 4.4
376k-400k 78 72 15 0.2 6.5
401k-425k 43 88 15 0.3 2.9
426k-450k 89 62 8 0.1 8.6
451k-475k 51 79 17 0.3 3.9
476k-500k 69 73 13 0.2 5.7
501k-550k 92 112 15 0.2 4.9
551k-600k 103 71 8 0.1 8.7
601k-650k 67 84 18 0.2 4.8
651k-700k 63 55 10 0.1 6.9
701k-750k 49 63 9 0.2 4.7
751k-800k 53 43 7 0.1 7.4
801k-850k 41 31 4 0.1 7.9
851k-900k 37 34 6 0.2 6.5
901k-950k 28 23 5 0.1 7.3
951k-1m 39 25 3 0.1 9.4
1m-1.1m 30 33 7 0.2 5.5
1.1m-1.2m 32 26 4 0.1 7.4
1.2m-1.3m 26 33 5 0.2 4.7
1.3m-1.4m 19 25 0.2 4.6
1.4m-1.5m 24 15 2 0.1 9.6
1.5m-1.6m 15 19 2 0.2 4.7
1.6m-1.7m 18 18 4 0.2 6
1.7m-1.8m 16 10 3 0.1 9.6
1.8m-1.9m 21 12 2 0.1 10.5
1.9m-2m 22 9 0.1 14.7
2m-2.25m 28 13 5 0.1 12.9
2.25m-2.5m 36 12 1 0.1 18
2.5m-2.75m 18 13 0.1 8.3
2.75m-3m 23 5 0 27.6
3m-3.5m 22 16 7 0.1 8.3
3.5m-4m 27 10 4 0.1 16.2
4m-4.5m 18 6 1 0.1 18
4.5m-5m 13 3 2 0 26
5.01m-6m 26 1 0 156
6.01m-7m 8 1 0 48
7.01m-8m 8 2 0 24
8.01m-9m 2 0
9.01m-10m 6 1 0 36
10.01m-11m 2 1 1 0.1 12
11.01m-12m 1 0
12.01m-13m 1 0
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 1 0.2 6
19.01m-20m 1 0
24.01m-25m 1 0
27.01m-28m 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
151k-175k 2 1 0.3 0
176k-200k 2 2 0.2 6
201k-225k 3 2 0.1 9
226k-250k 3 1 0.1 18
251k-275k 4 4 0.2 6
276k-300k 2 19 1 1.6 0.6
301k-325k 4 8 1 0.3 3
326k-350k 7 11 5 0.3 3.8
351k-375k 10 15 6 0.3 4
376k-400k 15 16 4 0.2 5.6
401k-425k 7 13 3 0.3 3.2
426k-450k 10 4 0.1 15
451k-475k 9 5 1 0.1 10.8
476k-500k 8 3 2 0.1 16
501k-550k 8 8 2 0.2 6
551k-600k 1 0.2 0
601k-650k 1 0.2 0
651k-700k 3 1 0.1 18
701k-750k 2 1 1 0.1 12
751k-800k 1 0
801k-850k 1 0
851k-900k 2 2 0.2 6
901k-950k 2 0
951k-1m 1 0.2 0
1m-1.1m 4 1 0.7 0
1.1m-1.2m 1 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

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
51k-75k 2 0
76k-100k 7 5 1 0.1 8.4
101k-125k 6 6 1 0.2 6
126k-150k 8 14 3 0.3 3.4
151k-175k 28 27 7 0.2 6.2
176k-200k 36 34 3 0.2 6.4
201k-225k 47 31 5 0.1 9.1
226k-250k 54 37 4 0.1 8.8
251k-275k 47 24 6 0.1 11.8
276k-300k 58 33 2 0.1 10.5
301k-325k 51 25 4 0.1 12.2
326k-350k 44 13 4 0 20.3
351k-375k 30 11 0.1 16.4
376k-400k 23 9 1 0.1 15.3
401k-425k 10 6 1 0.1 10
426k-450k 25 6 0 25
451k-475k 16 5 1 0.1 19.2
476k-500k 27 13 1 0.1 12.5
501k-550k 16 14 0.1 6.9
551k-600k 24 14 3 0.1 10.3
601k-650k 25 14 3 0.1 10.7
651k-700k 24 11 0.1 13.1
701k-750k 15 12 2 0.1 7.5
751k-800k 17 19 0.2 5.4
801k-850k 15 6 1 0.1 15
851k-900k 9 10 2 0.2 5.4
901k-950k 8 6 1 0.1 8
951k-1m 18 6 2 0.1 18
1m-1.1m 25 10 2 0.1 15
1.1m-1.2m 17 7 1 0.1 14.6
1.2m-1.3m 20 10 1 0.1 12
1.3m-1.4m 7 9 1 0.2 4.7
1.4m-1.5m 13 8 0.1 9.8
1.5m-1.6m 4 7 1 0.3 3.4
1.6m-1.7m 14 6 1 0.1 14
1.7m-1.8m 3 3 1 0.2 6
1.8m-1.9m 3 4 0.2 4.5
1.9m-2m 7 5 1 0.1 8.4
2m-2.25m 5 9 1 0.3 3.3
2.25m-2.5m 9 6 2 0.1 9
2.5m-2.75m 10 3 0.1 20
2.75m-3m 9 2 0 27
3m-3.5m 12 2 0 36
3.5m-4m 13 3 1 0 26
4m-4.5m 6 2 0.1 18
4.5m-5m 7 1 0 42
5.01m-6m 11 2 1 0 33
6.01m-7m 7 2 2 0 21
7.01m-8m 4 2 0.1 12
8.01m-9m 5 1 0 30
10.01m-11m 1 0
12.01m-13m 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 0.3 0
51k-75k 5 0
76k-100k 5 1 0 30
101k-125k 2 1 0.1 12
126k-150k 5 1 0 30
151k-175k 4 1 0 24
176k-200k 5 3 1 0.1 10
201k-225k 3 0
226k-250k 6 1 0 36
251k-275k 2 1 0.1 12
276k-300k 8 0
301k-325k 2 1 0.1 12
326k-350k 3 2 2 0.1 9
376k-400k 5 1 1 0 30
426k-450k 3 0
451k-475k 1 1 0.2 6
476k-500k 2 3 0.3 4
501k-550k 4 3 1 0.1 8
551k-600k 5 0
601k-650k 7 0
651k-700k 4 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
901k-950k 1 1 0.2 0
951k-1m 2 1 0.1 12
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 3 0
1.6m-1.7m 3 0
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 1 0
2.25m-2.5m 4 1 0 24
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 2 1 0.1 12
4.5m-5m 3 2 1 0.1 9
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