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 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 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 13 24 6 0.3 3.3
276k-300k 29 27 3 0.2 6.4
301k-325k 19 38 5 0.3 3
326k-350k 59 68 4 0.2 5.2
351k-375k 45 49 3 0.2 5.5
376k-400k 69 75 11 0.2 5.5
401k-425k 48 44 5 0.2 6.5
426k-450k 78 70 12 0.1 6.7
451k-475k 51 41 6 0.1 7.5
476k-500k 52 58 12 0.2 5.4
501k-550k 80 74 10 0.2 6.5
551k-600k 62 65 11 0.2 5.7
601k-650k 40 46 7 0.2 5.2
651k-700k 43 43 2 0.2 6
701k-750k 29 33 2 0.2 5.3
751k-800k 24 21 4 0.1 6.9
801k-850k 14 20 3 0.2 4.2
851k-900k 14 11 3 0.1 7.6
901k-950k 8 8 0.2 6
951k-1m 7 5 0.1 8.4
1m-1.1m 8 12 3 0.3 4
1.1m-1.2m 6 9 3 0.3 4
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
1.9m-2m 1 0.2 0
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 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
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 1 0.2 6
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 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 1 0.2 0
76k-100k 2 2 0.3 0
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 11 20 4 0.3 3.3
226k-250k 36 19 3 0.1 11.4
251k-275k 27 16 4 0.1 10.1
276k-300k 44 11 1 0 24
301k-325k 29 23 3 0.1 7.6
326k-350k 17 12 0.1 8.5
351k-375k 11 16 4 0.2 4.1
376k-400k 14 11 2 0.1 7.6
401k-425k 16 6 0.1 16
426k-450k 6 13 1 0.4 2.8
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 2 0.2 6
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 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
26k-50k 1 2 0.3 3
51k-75k 7 7 1 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 0.1 12
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 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