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 7 1 0.1 8.6
201k-225k 4 7 3 0.3 3.4
226k-250k 17 19 0.2 5.4
251k-275k 23 31 4 0.2 4.5
276k-300k 25 41 9 0.3 3.7
301k-325k 23 43 9 0.3 3.2
326k-350k 51 63 6 0.2 4.9
351k-375k 57 69 12 0.2 5
376k-400k 73 78 11 0.2 5.6
401k-425k 47 93 12 0.3 3
426k-450k 77 76 8 0.2 6.1
451k-475k 41 77 12 0.3 3.2
476k-500k 63 86 7 0.2 4.4
501k-550k 96 123 14 0.2 4.7
551k-600k 96 86 11 0.1 6.7
601k-650k 61 83 14 0.2 4.4
651k-700k 52 64 3 0.2 4.9
701k-750k 38 64 7 0.3 3.6
751k-800k 40 48 6 0.2 5
801k-850k 42 42 4 0.2 6
851k-900k 30 38 3 0.2 4.7
901k-950k 18 21 3 0.2 5.1
951k-1m 30 32 6 0.2 5.6
1m-1.1m 26 26 4 0.2 6
1.1m-1.2m 35 31 4 0.1 6.8
1.2m-1.3m 29 35 7 0.2 5
1.3m-1.4m 14 33 9 0.4 2.5
1.4m-1.5m 20 20 2 0.2 6
1.5m-1.6m 10 20 5 0.3 3
1.6m-1.7m 17 18 0.2 5.7
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 12 10 1 0.1 7.2
2m-2.25m 24 13 2 0.1 11.1
2.25m-2.5m 32 17 3 0.1 11.3
2.5m-2.75m 14 13 5 0.2 6.5
2.75m-3m 19 6 1 0.1 19
3m-3.5m 13 8 2 0.1 9.8
3.5m-4m 22 8 2 0.1 16.5
4m-4.5m 17 5 1 0 20.4
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
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 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 3 1.7 0.6
301k-325k 2 15 3 1.3 0.8
326k-350k 9 7 2 0.1 7.7
351k-375k 7 10 3 0.2 4.2
376k-400k 17 19 1 0.2 5.4
401k-425k 11 15 3 0.2 4.4
426k-450k 8 5 1 0.1 9.6
451k-475k 6 6 0.2 6
476k-500k 6 4 1 0.1 9
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 2 0.3 3
801k-850k 1 1 0.2 6
851k-900k 3 0.5 0
901k-950k 2 1 0.1 12
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
1.8m-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 4 7 0.3 3.4
126k-150k 12 13 3 0.2 5.5
151k-175k 22 23 2 0.2 5.7
176k-200k 29 36 4 0.2 4.8
201k-225k 40 31 3 0.1 7.7
226k-250k 49 45 10 0.2 6.5
251k-275k 41 29 1 0.1 8.5
276k-300k 54 36 5 0.1 9
301k-325k 39 29 4 0.1 8.1
326k-350k 39 21 3 0.1 11.1
351k-375k 25 14 1 0.1 10.7
376k-400k 22 10 1 0.1 13.2
401k-425k 12 6 3 0.1 12
426k-450k 20 6 1 0.1 20
451k-475k 12 9 1 0.1 8
476k-500k 27 13 1 0.1 12.5
501k-550k 20 19 3 0.2 6.3
551k-600k 18 16 2 0.1 6.8
601k-650k 19 12 1 0.1 9.5
651k-700k 23 20 0.1 6.9
701k-750k 15 11 0.1 8.2
751k-800k 10 20 3 0.3 3
801k-850k 15 8 0.1 11.3
851k-900k 8 9 0.2 5.3
901k-950k 9 6 1 0.1 9
951k-1m 13 5 0.1 15.6
1m-1.1m 21 8 2 0.1 15.8
1.1m-1.2m 21 8 2 0.1 15.8
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 8 3 0.3 3
1.6m-1.7m 9 7 2 0.1 7.7
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 5 4 3 0.1 7.5
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 8 4 2 0.1 12
3.5m-4m 11 2 1 0 33
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 1 0 30
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 9 1 0 54
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 6 0
401k-425k 1 0.2 0
426k-450k 5 1 0 30
451k-475k 1 1 0.2 6
476k-500k 4 4 1 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 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 5 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
3m-3.5m 1 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
11.01m-12m 1 0
15.01m-16m 1 0