Absorption Report

Venice, Grand Palm at Wellen Park, Eventide

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
76k-100k 1 0
101k-125k 1 0.2 0
126k-150k 1 3 1 0.5 2
151k-175k 1 12 1 2 0.5
176k-200k 7 11 1 0.3 3.8
201k-225k 22 41 12 0.3 3.2
226k-250k 26 87 16 0.6 1.8
251k-275k 28 54 6 0.3 3.1
276k-300k 28 40 8 0.2 4.2
301k-325k 12 14 1 0.2 5.1
326k-350k 21 32 4 0.3 3.9
351k-375k 28 30 3 0.2 5.6
376k-400k 19 17 3 0.1 6.7
401k-425k 11 15 0.2 4.4
426k-450k 8 7 0.1 6.9
451k-475k 7 8 0.2 5.3
476k-500k 11 3 0 22
501k-550k 13 5 1 0.1 15.6
551k-600k 6 7 3 0.2 5.1
601k-650k 6 5 0.1 7.2
651k-700k 3 5 0.3 3.6
701k-750k 2 0.3 0
751k-800k 3 1 0.1 18
801k-850k 1 0.2 0
851k-900k 4 0
901k-950k 2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 3 0
1.2m-1.3m 1 0
1.3m-1.4m 3 1 1 0.1 18
1.4m-1.5m 1 0
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 1 1 0.2 6
1.8m-1.9m 1 0.2 0
1.9m-2m 1 0
2.25m-2.5m 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
276k-300k 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
126k-150k 1 0.2 0
151k-175k 1 0
176k-200k 1 0.2 0
201k-225k 1 0.2 0
226k-250k 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 207 312 53 0.3 4
26k-50k 183 128 28 0.1 8.6
51k-75k 64 40 10 0.1 9.6
76k-100k 24 10 1 0.1 14.4
101k-125k 4 1 0 24
126k-150k 4 4 0.2 6
151k-175k 3 2 1 0.1 9
176k-200k 2 3 0.3 4
201k-225k 1 3 0.5 2
226k-250k 2 1 0.3 0
251k-275k 3 1 0.1 18
276k-300k 1 0.2 0
301k-325k 1 0
351k-375k 1 0.2 0
476k-500k 1 0
501k-550k 2 1 1 0.1 12
701k-750k 2 0
851k-900k 1 1 0.2 6
901k-950k 2 0
1.4m-1.5m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
5.01m-6m 1 0
6.01m-7m 1 0
19.01m-20m 1 0