Absorption Report

Sarasota, Hidden Lake Village

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 Since 12/31 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
176k-200k 2 2 2 0.2 6
201k-225k 1 4 0.7 1.5
226k-250k 2 16 5 1.3 0.8
251k-275k 13 18 6 0.2 4.3
276k-300k 21 35 10 0.3 3.6
301k-325k 21 33 9 0.3 3.8
326k-350k 47 49 15 0.2 5.8
351k-375k 36 58 8 0.3 3.7
376k-400k 54 75 15 0.2 4.3
401k-425k 46 60 11 0.2 4.6
426k-450k 65 42 10 0.1 9.3
451k-475k 56 49 10 0.1 6.9
476k-500k 79 53 9 0.1 8.9
501k-550k 81 79 13 0.2 6.2
551k-600k 82 77 15 0.2 6.4
601k-650k 49 63 21 0.2 4.7
651k-700k 38 40 5 0.2 5.7
701k-750k 28 38 3 0.2 4.4
751k-800k 28 35 9 0.2 4.8
801k-850k 23 29 4 0.2 4.8
851k-900k 12 25 7 0.3 2.9
901k-950k 10 11 0.2 5.5
951k-1m 9 10 2 0.2 5.4
1m-1.1m 11 15 6 0.2 4.4
1.1m-1.2m 5 14 2 0.5 2.1
1.2m-1.3m 7 5 0.1 8.4
1.3m-1.4m 1 5 0.8 1.2
1.4m-1.5m 2 3 0.3 4
1.5m-1.6m 4 0
1.7m-1.8m 2 0
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0.3 0
2.5m-2.75m 2 0
3m-3.5m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
176k-200k 1 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 2 0
251k-275k 2 0
276k-300k 1 0
326k-350k 5 2 1 0.1 15
351k-375k 7 4 0.1 10.5
376k-400k 2 0
401k-425k 1 0
426k-450k 3 0
551k-600k 1 0
651k-700k 1 1 0.2 0
751k-800k 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
126k-150k 2 0.3 0
151k-175k 2 6 3 0.5 2
176k-200k 19 10 4 0.1 11.4
201k-225k 6 15 5 0.4 2.4
226k-250k 28 22 8 0.1 7.6
251k-275k 44 29 7 0.1 9.1
276k-300k 37 38 7 0.2 5.8
301k-325k 41 21 5 0.1 11.7
326k-350k 35 21 4 0.1 10
351k-375k 20 9 2 0.1 13.3
376k-400k 14 13 1 0.2 6.5
401k-425k 15 4 3 0 22.5
426k-450k 11 7 1 0.1 9.4
451k-475k 10 8 1 0.1 7.5
476k-500k 8 11 1 0.2 4.4
501k-550k 11 6 1 0.1 11
551k-600k 8 11 2 0.2 4.4
601k-650k 8 4 1 0.1 12
651k-700k 6 5 2 0.1 7.2
701k-750k 3 8 3 0.4 2.3
751k-800k 2 5 0.4 2.4
801k-850k 4 2 1 0.1 12
851k-900k 3 3 1 0.2 6
901k-950k 2 1 0.1 12
1m-1.1m 1 1 0.2 0
1.1m-1.2m 2 0.3 0
1.2m-1.3m 2 1 1 0.1 12
1.7m-1.8m 2 1 0.1 12
2.25m-2.5m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 0.2 0
4m-4.5m 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
51k-75k 8 10 3 0.2 4.8
76k-100k 19 10 1 0.1 11.4
101k-125k 9 4 1 0.1 13.5
126k-150k 6 3 0.1 12
151k-175k 1 0
176k-200k 3 0
201k-225k 1 0
226k-250k 1 0
251k-275k 2 0.3 0
276k-300k 2 0
301k-325k 1 0
351k-375k 1 0.2 0
376k-400k 2 0
401k-425k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0
701k-750k 2 0
751k-800k 1 0
851k-900k 1 0
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0