Absorption Report

Sarasota, Vistas on Beneva

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 18% 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 2 0.3 0
76k-100k 1 0.2 0
101k-125k 7 1 1.2 0
126k-150k 2 9 0.8 1.3
151k-175k 4 11 4 0.5 2.2
176k-200k 9 21 2 0.4 2.6
201k-225k 6 22 1 0.6 1.6
226k-250k 22 31 5 0.2 4.3
251k-275k 17 36 7 0.4 2.8
276k-300k 31 57 9 0.3 3.3
301k-325k 40 64 6 0.3 3.8
326k-350k 59 97 10 0.3 3.6
351k-375k 69 77 6 0.2 5.4
376k-400k 103 104 12 0.2 5.9
401k-425k 66 89 12 0.2 4.4
426k-450k 90 92 16 0.2 5.9
451k-475k 60 59 6 0.2 6.1
476k-500k 93 63 9 0.1 8.9
501k-550k 123 114 10 0.2 6.5
551k-600k 128 104 10 0.1 7.4
601k-650k 88 78 11 0.1 6.8
651k-700k 71 50 7 0.1 8.5
701k-750k 38 39 5 0.2 5.8
751k-800k 39 31 6 0.1 7.5
801k-850k 29 28 9 0.2 6.2
851k-900k 21 12 4 0.1 10.5
901k-950k 21 15 0.1 8.4
951k-1m 28 9 4 0.1 18.7
1m-1.1m 13 12 4 0.2 6.5
1.1m-1.2m 26 15 4 0.1 10.4
1.2m-1.3m 16 10 6 0.1 9.6
1.3m-1.4m 8 10 1 0.2 4.8
1.4m-1.5m 13 4 1 0.1 19.5
1.5m-1.6m 13 8 5 0.1 9.8
1.6m-1.7m 9 10 4 0.2 5.4
1.7m-1.8m 3 7 1 0.4 2.6
1.8m-1.9m 9 3 1 0.1 18
1.9m-2m 8 0
2m-2.25m 6 6 1 0.2 6
2.25m-2.5m 6 5 0.1 7.2
2.5m-2.75m 7 0
2.75m-3m 12 1 0 72
3m-3.5m 3 4 3 0.2 4.5
3.5m-4m 6 1 1 0 36
4m-4.5m 2 2 0.2 6
4.5m-5m 1 1 0.2 6
5.01m-6m 5 1 0 30
6.01m-7m 1 0
7.01m-8m 1 0
9.01m-10m 2 0
17.01m-18m 1 0.2 0

Townhouses 9% 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
76k-100k 1 0
126k-150k 3 3 0.2 6
151k-175k 8 4 2 0.1 12
176k-200k 12 9 0.1 8
201k-225k 9 18 2 0.3 3
226k-250k 27 17 2 0.1 9.5
251k-275k 17 17 5 0.2 6
276k-300k 27 22 1 0.1 7.4
301k-325k 22 13 0.1 10.2
326k-350k 42 19 1 0.1 13.3
351k-375k 16 11 0.1 8.7
376k-400k 13 1 0 78
401k-425k 3 1 0.1 18
426k-450k 3 1 1 0.1 18
451k-475k 2 0
476k-500k 4 0
501k-550k 3 0
551k-600k 2 3 0.3 4
601k-650k 1 0
751k-800k 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0

Condos 8% 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 2 0
76k-100k 6 11 3 0.3 3.3
101k-125k 19 24 3 0.2 4.8
126k-150k 51 32 2 0.1 9.6
151k-175k 59 56 5 0.2 6.3
176k-200k 94 61 7 0.1 9.2
201k-225k 95 64 12 0.1 8.9
226k-250k 127 48 5 0.1 15.9
251k-275k 95 50 5 0.1 11.4
276k-300k 133 50 4 0.1 16
301k-325k 99 44 5 0.1 13.5
326k-350k 103 29 4 0 21.3
351k-375k 64 22 3 0.1 17.5
376k-400k 76 28 3 0.1 16.3
401k-425k 38 13 3 0.1 17.5
426k-450k 37 21 4 0.1 10.6
451k-475k 27 16 3 0.1 10.1
476k-500k 34 12 6 0.1 17
501k-550k 31 18 4 0.1 10.3
551k-600k 15 7 1 0.1 12.9
601k-650k 9 2 1 0 27
651k-700k 8 2 0 24
701k-750k 9 2 0 27
751k-800k 6 0
801k-850k 3 3 0.2 6
851k-900k 9 2 0 27
901k-950k 2 0
951k-1m 4 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 8 3 0.1 16
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 5 0
1.4m-1.5m 4 0
1.5m-1.6m 1 1 0.2 6
1.6m-1.7m 2 2 1 0.2 6
1.7m-1.8m 1 0.2 0
2.5m-2.75m 1 0
3.5m-4m 1 0
5.01m-6m 1 0

Land 9% 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 14 29 3 0.3 2.9
26k-50k 60 55 8 0.2 6.5
51k-75k 71 33 10 0.1 12.9
76k-100k 54 8 1 0 40.5
101k-125k 11 7 1 0.1 9.4
126k-150k 24 6 0 24
151k-175k 18 7 1 0.1 15.4
176k-200k 22 6 0 22
201k-225k 19 3 2 0 38
226k-250k 14 4 1 0 21
251k-275k 15 3 0 30
276k-300k 6 3 0.1 12
301k-325k 5 2 0.1 15
326k-350k 7 0
351k-375k 3 0
376k-400k 2 0
426k-450k 4 0
451k-475k 2 0
476k-500k 7 3 0.1 14
501k-550k 5 1 0 30
551k-600k 8 2 0 24
601k-650k 5 3 0.1 10
651k-700k 1 0
701k-750k 5 0
751k-800k 4 0
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 1 0
951k-1m 3 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 1 0.2 6
1.8m-1.9m 2 0
2.25m-2.5m 1 2 2 0.3 3
2.5m-2.75m 2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 1 0.2 6
4m-4.5m 1 1 0.2 6
6.01m-7m 2 0
11.01m-12m 1 0