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 1 1 0.2 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 11 15 1 0.2 4.4
251k-275k 16 18 1 0.2 5.3
276k-300k 32 30 6 0.2 6.4
301k-325k 20 28 1 0.2 4.3
326k-350k 63 62 9 0.2 6.1
351k-375k 52 35 6 0.1 8.9
376k-400k 80 72 11 0.2 6.7
401k-425k 51 37 8 0.1 8.3
426k-450k 85 65 8 0.1 7.8
451k-475k 59 32 0.1 11.1
476k-500k 60 55 8 0.2 6.5
501k-550k 78 67 9 0.1 7
551k-600k 72 62 8 0.1 7
601k-650k 50 39 7 0.1 7.7
651k-700k 51 35 7 0.1 8.7
701k-750k 24 29 1 0.2 5
751k-800k 29 22 5 0.1 7.9
801k-850k 18 14 0.1 7.7
851k-900k 16 13 2 0.1 7.4
901k-950k 9 8 1 0.1 6.8
951k-1m 9 5 2 0.1 10.8
1m-1.1m 6 10 1 0.3 3.6
1.1m-1.2m 5 8 1 0.3 3.8
1.2m-1.3m 3 9 3 0.5 2
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 5 0
1.5m-1.6m 1 0
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 1 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 1 0
2m-2.25m 1 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 3 0.5 0
2.75m-3m 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
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 0.5 0
326k-350k 6 3 1 0.1 12
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

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 3 0.5 0
151k-175k 8 13 3 0.3 3.7
176k-200k 18 8 1 0.1 13.5
201k-225k 15 20 1 0.2 4.5
226k-250k 38 16 1 0.1 14.3
251k-275k 30 17 4 0.1 10.6
276k-300k 47 8 0 35.3
301k-325k 32 17 2 0.1 11.3
326k-350k 19 9 2 0.1 12.7
351k-375k 23 17 2 0.1 8.1
376k-400k 18 11 1 0.1 9.8
401k-425k 15 3 0 30
426k-450k 9 10 1 0.2 5.4
451k-475k 7 4 1 0.1 10.5
476k-500k 5 2 0.1 15
501k-550k 11 0
551k-600k 4 5 0.2 4.8
601k-650k 2 1 0.1 12
651k-700k 3 2 0.1 9
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 3 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 7 7 0.2 6
76k-100k 9 5 0.1 10.8
101k-125k 7 2 0 21
126k-150k 7 0
151k-175k 3 2 1 0.1 9
176k-200k 5 1 0 30
201k-225k 1 1 1 0.2 6
276k-300k 2 1 0.1 12
326k-350k 1 0
376k-400k 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