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 11 15 1 0.2 4.4
251k-275k 14 18 1 0.2 4.7
276k-300k 31 30 5 0.2 6.2
301k-325k 21 28 1 0.2 4.5
326k-350k 66 63 10 0.2 6.3
351k-375k 52 36 7 0.1 8.7
376k-400k 83 71 10 0.1 7
401k-425k 59 36 7 0.1 9.8
426k-450k 84 63 7 0.1 8
451k-475k 60 32 0.1 11.3
476k-500k 63 55 7 0.1 6.9
501k-550k 78 65 8 0.1 7.2
551k-600k 73 61 7 0.1 7.2
601k-650k 53 37 7 0.1 8.6
651k-700k 50 34 3 0.1 8.8
701k-750k 26 27 1 0.2 5.8
751k-800k 26 21 5 0.1 7.4
801k-850k 19 13 0.1 8.8
851k-900k 16 13 2 0.1 7.4
901k-950k 9 7 1 0.1 7.7
951k-1m 9 5 2 0.1 10.8
1m-1.1m 5 10 1 0.3 3
1.1m-1.2m 5 8 1 0.3 3.8
1.2m-1.3m 3 10 3 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 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
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 1 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 4 1 0.7 0
151k-175k 8 13 3 0.3 3.7
176k-200k 18 8 1 0.1 13.5
201k-225k 16 19 1 0.2 5.1
226k-250k 41 16 1 0.1 15.4
251k-275k 32 17 3 0.1 11.3
276k-300k 47 8 0 35.3
301k-325k 30 17 2 0.1 10.6
326k-350k 19 9 2 0.1 12.7
351k-375k 24 17 2 0.1 8.5
376k-400k 17 11 1 0.1 9.3
401k-425k 16 3 0 32
426k-450k 8 10 1 0.2 4.8
451k-475k 7 4 0.1 10.5
476k-500k 6 2 0.1 18
501k-550k 9 0
551k-600k 4 4 0.2 6
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 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
2.25m-2.5m 1 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 7 0.1 6.9
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