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
151k-175k 2 0.3 0
176k-200k 5 0.8 0
201k-225k 3 8 0.4 2.3
226k-250k 8 17 2 0.4 2.8
251k-275k 15 24 5 0.3 3.8
276k-300k 28 27 3 0.2 6.2
301k-325k 19 37 5 0.3 3.1
326k-350k 62 68 5 0.2 5.5
351k-375k 44 49 3 0.2 5.4
376k-400k 72 75 11 0.2 5.8
401k-425k 50 44 6 0.1 6.8
426k-450k 77 69 15 0.1 6.7
451k-475k 54 41 6 0.1 7.9
476k-500k 50 59 11 0.2 5.1
501k-550k 82 73 10 0.1 6.7
551k-600k 63 65 9 0.2 5.8
601k-650k 42 45 5 0.2 5.6
651k-700k 44 43 2 0.2 6.1
701k-750k 29 33 2 0.2 5.3
751k-800k 25 21 4 0.1 7.1
801k-850k 14 19 3 0.2 4.4
851k-900k 15 11 3 0.1 8.2
901k-950k 9 8 0.1 6.8
951k-1m 8 5 0.1 9.6
1m-1.1m 8 13 4 0.3 3.7
1.1m-1.2m 7 9 3 0.2 4.7
1.2m-1.3m 4 6 1 0.3 4
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 5 1 0 30
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 2 2 0.3 3
2m-2.25m 1 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 3 0.5 0
2.75m-3m 1 0
3m-3.5m 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 3 0.5 0
226k-250k 1 0.2 0
251k-275k 3 0
276k-300k 2 1 0.3 0
301k-325k 3 0.5 0
326k-350k 5 3 1 0.1 10
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 2 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 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 6 10 0.3 3.6
176k-200k 19 11 1 0.1 10.4
201k-225k 12 21 5 0.3 3.4
226k-250k 36 18 2 0.1 12
251k-275k 30 15 4 0.1 12
276k-300k 47 11 1 0 25.6
301k-325k 28 22 3 0.1 7.6
326k-350k 18 12 0.1 9
351k-375k 11 18 5 0.3 3.7
376k-400k 14 11 2 0.1 7.6
401k-425k 16 6 0.1 16
426k-450k 6 12 1 0.3 3
451k-475k 6 3 1 0.1 12
476k-500k 6 3 0.1 12
501k-550k 7 1 0 42
551k-600k 1 5 1 0.8 1.2
601k-650k 1 2 0.3 3
651k-700k 2 3 1 0.3 4
701k-750k 1 1 0.2 6
751k-800k 2 1 0.1 12
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 0
951k-1m 2 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 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 8 6 0.1 8
101k-125k 9 3 1 0.1 18
126k-150k 7 1 0 42
151k-175k 3 1 0.1 18
176k-200k 4 1 1 0 24
201k-225k 1 0
276k-300k 2 1 1 0.1 12
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
501k-550k 1 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 3 0
951k-1m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0