Absorption Report

Sarasota, Lincoln Park on Hudson Bayou

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
151k-175k 1 0.2 0
176k-200k 2 0.3 0
201k-225k 1 0.2 0
226k-250k 1 3 0.5 2
251k-275k 3 4 1 0.2 4.5
276k-300k 2 17 1 1.4 0.7
301k-325k 15 48 7 0.5 1.9
326k-350k 36 91 7 0.4 2.4
351k-375k 42 110 16 0.4 2.3
376k-400k 68 131 16 0.3 3.1
401k-425k 57 132 13 0.4 2.6
426k-450k 52 105 12 0.3 3
451k-475k 34 57 8 0.3 3.6
476k-500k 35 58 5 0.3 3.6
501k-550k 43 66 9 0.3 3.9
551k-600k 29 54 7 0.3 3.2
601k-650k 20 33 5 0.3 3.6
651k-700k 16 28 2 0.3 3.4
701k-750k 9 8 1 0.1 6.8
751k-800k 5 13 0.4 2.3
801k-850k 5 8 0.3 3.8
851k-900k 9 8 1 0.1 6.8
901k-950k 2 1 0.1 12
951k-1m 3 3 0.2 6
1m-1.1m 1 3 1 0.5 2
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 1 0.2 0
1.8m-1.9m 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 2 1 0.3 3
201k-225k 8 10 3 0.2 4.8
226k-250k 30 27 2 0.2 6.7
251k-275k 22 22 1 0.2 6
276k-300k 28 21 1 0.1 8
301k-325k 16 17 1 0.2 5.6
326k-350k 9 14 1 0.3 3.9
351k-375k 4 6 2 0.3 4
376k-400k 9 2 1.5 0
401k-425k 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 1 2 0.3 3
151k-175k 1 5 1 0.8 1.2
176k-200k 3 8 0.4 2.3
201k-225k 6 9 1 0.3 4
251k-275k 1 1 0.2 6
276k-300k 2 5 1 0.4 2.4
301k-325k 1 0.2 0
326k-350k 1 0.2 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
1k-25k 1 0.2 0
26k-50k 1 1 0.2 0
76k-100k 2 0.3 0
101k-125k 1 0.2 0
126k-150k 2 2 0.2 6
151k-175k 1 2 0.3 3
176k-200k 2 0
226k-250k 2 0
326k-350k 1 0
376k-400k 2 1 0.1 12
426k-450k 1 0
476k-500k 1 1 1 0.2 6
601k-650k 1 0
651k-700k 4 0
851k-900k 2 0
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3m-3.5m 1 0
3.5m-4m 1 0
5.01m-6m 1 0