Absorption Report

Venice, FL

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 2 5 0.4 2.4
201k-225k 2 7 0.6 1.7
226k-250k 9 17 2 0.3 3.2
251k-275k 17 24 5 0.2 4.3
276k-300k 28 29 4 0.2 5.8
301k-325k 20 36 5 0.3 3.3
326k-350k 62 67 8 0.2 5.6
351k-375k 49 41 5 0.1 7.2
376k-400k 74 74 12 0.2 6
401k-425k 49 42 4 0.1 7
426k-450k 77 70 16 0.2 6.6
451k-475k 53 41 7 0.1 7.8
476k-500k 55 57 11 0.2 5.8
501k-550k 73 71 9 0.2 6.2
551k-600k 64 70 14 0.2 5.5
601k-650k 44 44 7 0.2 6
651k-700k 41 45 6 0.2 5.5
701k-750k 27 34 3 0.2 4.8
751k-800k 27 21 3 0.1 7.7
801k-850k 17 19 2 0.2 5.4
851k-900k 16 11 1 0.1 8.7
901k-950k 10 8 0.1 7.5
951k-1m 8 5 0.1 9.6
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 2 1 0.1 12
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

Townhouses 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
201k-225k 3 0.5 0
226k-250k 1 0.2 0
251k-275k 2 0
276k-300k 2 1 0.3 0
301k-325k 3 0.5 0
326k-350k 5 3 1 0.1 10
351k-375k 1 1 0.2 6
376k-400k 1 0
401k-425k 2 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0

Condos 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
51k-75k 1 0.2 0
76k-100k 1 2 1 0.3 3
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 7 12 2 0.3 3.5
176k-200k 20 8 1 0.1 15
201k-225k 17 19 5 0.2 5.4
226k-250k 35 17 2 0.1 12.4
251k-275k 30 16 5 0.1 11.3
276k-300k 46 11 1 0 25.1
301k-325k 28 19 4 0.1 8.8
326k-350k 19 12 0.1 9.5
351k-375k 13 16 5 0.2 4.9
376k-400k 16 10 2 0.1 9.6
401k-425k 14 6 0.1 14
426k-450k 6 12 2 0.3 3
451k-475k 6 3 1 0.1 12
476k-500k 6 3 0.1 12
501k-550k 7 1 0 42
551k-600k 1 5 1 0.8 1.2
601k-650k 1 2 0.3 3
651k-700k 2 3 1 0.3 4
701k-750k 1 1 0.2 6
751k-800k 2 0
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 0
951k-1m 2 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 1 0.2 0
4m-4.5m 1 0

Land 2% 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
26k-50k 1 2 0.3 3
51k-75k 7 7 0.2 6
76k-100k 8 5 0.1 9.6
101k-125k 7 3 1 0.1 14
126k-150k 7 1 0 42
151k-175k 3 1 0.1 18
176k-200k 5 1 1 0 30
201k-225k 1 0
276k-300k 2 1 1 0.1 12
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
501k-550k 1 1 0.2 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0
901k-950k 3 0
951k-1m 3 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0