Absorption Report

Venice, FL, House

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
151k-175k 2 0.3 0
176k-200k 1 5 0.8 1.2
201k-225k 3 7 0.4 2.6
226k-250k 9 16 1 0.3 3.4
251k-275k 17 24 5 0.2 4.3
276k-300k 28 28 3 0.2 6
301k-325k 20 36 5 0.3 3.3
326k-350k 62 64 5 0.2 5.8
351k-375k 46 40 4 0.1 6.9
376k-400k 74 73 11 0.2 6.1
401k-425k 49 41 3 0.1 7.2
426k-450k 76 67 14 0.1 6.8
451k-475k 52 41 7 0.1 7.6
476k-500k 55 56 10 0.2 5.9
501k-550k 75 72 9 0.2 6.3
551k-600k 64 70 14 0.2 5.5
601k-650k 43 42 5 0.2 6.1
651k-700k 40 43 4 0.2 5.6
701k-750k 30 34 3 0.2 5.3
751k-800k 27 21 3 0.1 7.7
801k-850k 15 19 2 0.2 4.7
851k-900k 16 11 1 0.1 8.7
901k-950k 10 8 0.1 7.5
951k-1m 10 5 0.1 12
1m-1.1m 6 12 4 0.3 3
1.1m-1.2m 7 9 3 0.2 4.7
1.2m-1.3m 4 7 2 0.3 3.4
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 5 0
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
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