Absorption Report

Venice, 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
126k-150k 2 2 0.3 0
151k-175k 3 1 0.1 18
176k-200k 1 3 0.5 2
201k-225k 3 5 0.3 3.6
226k-250k 12 14 0.2 5.1
251k-275k 15 17 1 0.2 5.3
276k-300k 32 29 5 0.2 6.6
301k-325k 20 26 2 0.2 4.6
326k-350k 66 62 8 0.2 6.4
351k-375k 52 34 6 0.1 9.2
376k-400k 84 73 12 0.1 6.9
401k-425k 59 34 7 0.1 10.4
426k-450k 81 62 8 0.1 7.8
451k-475k 59 30 1 0.1 11.8
476k-500k 63 52 6 0.1 7.3
501k-550k 81 66 11 0.1 7.4
551k-600k 76 59 7 0.1 7.7
601k-650k 51 36 7 0.1 8.5
651k-700k 50 33 5 0.1 9.1
701k-750k 28 27 0.2 6.2
751k-800k 26 21 5 0.1 7.4
801k-850k 20 13 0.1 9.2
851k-900k 15 13 3 0.1 6.9
901k-950k 9 8 2 0.1 6.8
951k-1m 9 5 2 0.1 10.8
1m-1.1m 4 10 1 0.4 2.4
1.1m-1.2m 4 10 3 0.4 2.4
1.2m-1.3m 3 10 2 0.6 1.8
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 5 1 1 0 30
1.5m-1.6m 2 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 2 0.3 3
2m-2.25m 1 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 2 0.3 0
2.75m-3m 1 0
3m-3.5m 1 1 0.2 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
201k-225k 2 0.3 0
226k-250k 1 0.2 0
251k-275k 2 0
276k-300k 2 0.3 0
301k-325k 3 1 0.5 0
326k-350k 5 3 1 0.1 10
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
851k-900k 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
51k-75k 1 0.2 0
76k-100k 1 2 0.3 3
126k-150k 4 1 0.7 0
151k-175k 8 13 1 0.3 3.7
176k-200k 19 9 2 0.1 12.7
201k-225k 17 20 2 0.2 5.1
226k-250k 36 17 2 0.1 12.7
251k-275k 31 17 3 0.1 10.9
276k-300k 48 9 1 0 32
301k-325k 27 14 1 0.1 11.6
326k-350k 19 9 2 0.1 12.7
351k-375k 24 14 1 0.1 10.3
376k-400k 17 11 1 0.1 9.3
401k-425k 16 3 0 32
426k-450k 8 9 0.2 5.3
451k-475k 7 4 0.1 10.5
476k-500k 6 2 0.1 18
501k-550k 8 0
551k-600k 4 4 0.2 6
601k-650k 2 1 0.1 12
651k-700k 3 1 0.1 18
701k-750k 1 1 0.2 6
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 2 0
951k-1m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 0.2 0
4m-4.5m 1 0

Land 2% 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 2 0.3 3
51k-75k 8 8 1 0.2 6
76k-100k 9 5 0.1 10.8
101k-125k 8 2 0 24
126k-150k 6 0
151k-175k 3 2 1 0.1 9
176k-200k 5 1 0 30
201k-225k 1 1 1 0.2 6
226k-250k 1 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
901k-950k 4 0
951k-1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0