Absorption Report

Venice

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
101k-125k 2 0.3 0
126k-150k 1 1 0.2 6
151k-175k 5 1 0.8 0
176k-200k 5 1 1 0 30
201k-225k 4 5 0.2 4.8
226k-250k 16 11 4 0.1 8.7
251k-275k 10 16 4 0.3 3.8
276k-300k 24 36 3 0.3 4
301k-325k 20 28 4 0.2 4.3
326k-350k 34 33 5 0.2 6.2
351k-375k 26 13 2 0.1 12
376k-400k 33 29 5 0.1 6.8
401k-425k 21 24 1 0.2 5.3
426k-450k 22 14 0.1 9.4
451k-475k 21 13 2 0.1 9.7
476k-500k 14 14 3 0.2 6
501k-550k 33 17 2 0.1 11.6
551k-600k 12 10 2 0.1 7.2
601k-650k 6 11 2 0.3 3.3
651k-700k 16 10 3 0.1 9.6
701k-750k 7 10 0.2 4.2
751k-800k 11 11 0.2 6
801k-850k 7 6 0.1 7
851k-900k 5 6 0.2 5
901k-950k 4 2 0.1 12
951k-1m 3 3 0.2 6
1m-1.1m 2 4 0.3 3
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 2 0
1.3m-1.4m 4 1 1 0 24
1.4m-1.5m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 4 0
2.5m-2.75m 3 1 0.1 18
3m-3.5m 2 3 0.3 4
3.5m-4m 1 2 0.3 3
4m-4.5m 2 0.3 0
11.01m-12m 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 1 0
476k-500k 1 0
551k-600k 1 0
601k-650k 1 0.2 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
101k-125k 4 0.7 0
126k-150k 10 2 0 30
151k-175k 3 3 1 0.2 6
176k-200k 9 2 0 27
201k-225k 7 4 1 0.1 10.5
226k-250k 21 3 1 0 42
251k-275k 6 1 0 36
276k-300k 3 4 0.2 4.5
301k-325k 4 5 0.2 4.8
326k-350k 4 3 0.1 8
351k-375k 2 1 0.1 12
376k-400k 3 0
401k-425k 1 1 0.2 6
426k-450k 3 4 0.2 4.5
451k-475k 1 0
501k-550k 3 1 0.1 18
551k-600k 7 3 0.1 14
601k-650k 4 1 0 24
651k-700k 3 1 0.1 18
701k-750k 2 2 0.2 6
751k-800k 2 1 0.1 12
801k-850k 2 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 1 0

Land 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
1k-25k 27 44 2 0.3 3.7
26k-50k 121 33 6 0 22
51k-75k 60 6 0 60
76k-100k 26 3 1 0 52
101k-125k 5 2 1 0.1 15
126k-150k 7 1 1 0 42
151k-175k 5 2 0.1 15
176k-200k 6 0
201k-225k 1 0
226k-250k 4 0
251k-275k 1 1 1 0.2 6
276k-300k 4 0
301k-325k 2 1 0.1 12
326k-350k 3 0
351k-375k 1 0
376k-400k 6 0
401k-425k 1 0.2 0
426k-450k 3 0
601k-650k 3 0
651k-700k 1 0
751k-800k 1 0
801k-850k 1 0
951k-1m 3 0
1m-1.1m 5 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.9m-2m 3 0
2.25m-2.5m 2 0
2.5m-2.75m 2 0
3m-3.5m 1 0