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 5 0.8 0
201k-225k 3 8 0.4 2.3
226k-250k 8 17 2 0.4 2.8
251k-275k 14 24 6 0.3 3.5
276k-300k 28 27 3 0.2 6.2
301k-325k 19 38 5 0.3 3
326k-350k 60 68 4 0.2 5.3
351k-375k 44 50 3 0.2 5.3
376k-400k 70 75 11 0.2 5.6
401k-425k 48 45 6 0.2 6.4
426k-450k 78 70 12 0.1 6.7
451k-475k 53 41 6 0.1 7.8
476k-500k 51 58 12 0.2 5.3
501k-550k 80 75 10 0.2 6.4
551k-600k 62 65 11 0.2 5.7
601k-650k 40 46 7 0.2 5.2
651k-700k 42 43 2 0.2 5.9
701k-750k 30 33 2 0.2 5.5
751k-800k 24 21 4 0.1 6.9
801k-850k 14 20 3 0.2 4.2
851k-900k 15 11 3 0.1 8.2
901k-950k 8 8 0.2 6
951k-1m 9 5 0.1 10.8
1m-1.1m 8 12 3 0.3 4
1.1m-1.2m 6 9 3 0.3 4
1.2m-1.3m 4 6 1 0.3 4
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 5 1 0 30
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
1.9m-2m 1 0.2 0
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
3m-3.5m 1 0