Absorption Report

Taylor Ranch Elementary School, North Venice, 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
176k-200k 1 0.2 0
226k-250k 6 6 1 0.2 6
251k-275k 6 6 0.2 6
276k-300k 13 8 1 0.1 9.8
301k-325k 2 7 2 0.6 1.7
326k-350k 16 13 1 0.1 7.4
351k-375k 21 16 2 0.1 7.9
376k-400k 19 25 3 0.2 4.6
401k-425k 24 12 0.1 12
426k-450k 39 26 5 0.1 9
451k-475k 30 11 3 0.1 16.4
476k-500k 30 22 7 0.1 8.2
501k-550k 44 27 3 0.1 9.8
551k-600k 34 31 9 0.2 6.6
601k-650k 27 22 3 0.1 7.4
651k-700k 26 21 3 0.1 7.4
701k-750k 15 12 0.1 7.5
751k-800k 15 9 2 0.1 10
801k-850k 9 10 0.2 5.4
851k-900k 9 5 1 0.1 10.8
901k-950k 5 2 0.1 15
951k-1m 6 4 1 0.1 9
1m-1.1m 3 3 1 0.2 6
1.1m-1.2m 5 7 2 0.2 4.3
1.2m-1.3m 2 0.3 0
1.3m-1.4m 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 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 0
276k-300k 1 0.2 0
301k-325k 2 0.3 0
326k-350k 5 1 0 30
351k-375k 1 0
401k-425k 2 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
151k-175k 3 2 0.5 0
176k-200k 1 0
201k-225k 1 2 0.3 3
226k-250k 4 1 0 24
251k-275k 10 3 2 0.1 20
276k-300k 3 0
301k-325k 6 3 0.1 12
326k-350k 2 1 0.1 12
351k-375k 1 4 0.7 1.5
376k-400k 6 5 0.1 7.2
401k-425k 3 0
426k-450k 1 3 0.5 2
451k-475k 2 0
476k-500k 2 1 0.1 12
501k-550k 2 0
551k-600k 1 0.2 0

Land 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 2 0.3 0
76k-100k 2 0.3 0
101k-125k 1 0
151k-175k 1 0
276k-300k 1 0
951k-1m 1 0
1.5m-1.6m 1 0