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
126k-150k 2 2 0.3 0
151k-175k 3 1 0.1 18
176k-200k 1 3 0.5 2
201k-225k 2 5 0.4 2.4
226k-250k 11 14 1 0.2 4.7
251k-275k 15 17 2 0.2 5.3
276k-300k 34 30 6 0.1 6.8
301k-325k 25 25 2 0.2 6
326k-350k 67 59 7 0.1 6.8
351k-375k 54 32 6 0.1 10.1
376k-400k 83 73 12 0.1 6.8
401k-425k 60 34 6 0.1 10.6
426k-450k 77 61 7 0.1 7.6
451k-475k 58 32 3 0.1 10.9
476k-500k 64 53 4 0.1 7.2
501k-550k 81 67 8 0.1 7.3
551k-600k 77 59 8 0.1 7.8
601k-650k 51 36 7 0.1 8.5
651k-700k 51 30 5 0.1 10.2
701k-750k 29 26 0.1 6.7
751k-800k 25 20 5 0.1 7.5
801k-850k 21 12 0.1 10.5
851k-900k 14 13 2 0.2 6.5
901k-950k 8 8 2 0.2 6
951k-1m 11 5 1 0.1 13.2
1m-1.1m 4 10 1 0.4 2.4
1.1m-1.2m 5 10 3 0.3 3
1.2m-1.3m 3 9 2 0.5 2
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 6 1 1 0 36
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 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 2 0.3 0
2.75m-3m 1 0
3m-3.5m 1 1 0.2 0