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
126k-150k 2 1 0.3 0
151k-175k 3 1 0.1 18
176k-200k 3 0.5 0
201k-225k 2 5 0.4 2.4
226k-250k 11 13 1 0.2 5.1
251k-275k 20 16 2 0.1 7.5
276k-300k 30 30 6 0.2 6
301k-325k 30 25 2 0.1 7.2
326k-350k 63 59 6 0.2 6.4
351k-375k 55 32 6 0.1 10.3
376k-400k 82 71 7 0.1 6.9
401k-425k 56 35 7 0.1 9.6
426k-450k 82 62 7 0.1 7.9
451k-475k 62 32 3 0.1 11.6
476k-500k 66 52 4 0.1 7.6
501k-550k 77 67 8 0.1 6.9
551k-600k 73 57 8 0.1 7.7
601k-650k 51 38 8 0.1 8.1
651k-700k 51 31 6 0.1 9.9
701k-750k 29 26 0.1 6.7
751k-800k 27 20 5 0.1 8.1
801k-850k 20 13 1 0.1 9.2
851k-900k 12 13 2 0.2 5.5
901k-950k 8 8 2 0.2 6
951k-1m 11 5 1 0.1 13.2
1m-1.1m 7 10 1 0.2 4.2
1.1m-1.2m 4 10 3 0.4 2.4
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 2 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 2 1 1 0.1 12
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 2 0.3 0
2.75m-3m 1 1 0.2 0
3m-3.5m 1 1 0.2 0
8.01m-9m 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 1 0.2 0
226k-250k 2 1 0.1 12
276k-300k 2 0.3 0
301k-325k 1 3 1 0.5 2
326k-350k 5 4 2 0.1 7.5
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 1 0
851k-900k 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 0.3 3
126k-150k 4 1 0.7 0
151k-175k 10 13 1 0.2 4.6
176k-200k 20 9 3 0.1 13.3
201k-225k 24 20 2 0.1 7.2
226k-250k 36 15 1 0.1 14.4
251k-275k 33 15 3 0.1 13.2
276k-300k 48 9 1 0 32
301k-325k 30 16 2 0.1 11.3
326k-350k 20 9 2 0.1 13.3
351k-375k 25 14 0.1 10.7
376k-400k 14 11 1 0.1 7.6
401k-425k 19 2 0 57
426k-450k 9 9 0.2 6
451k-475k 5 4 0.1 7.5
476k-500k 8 2 0 24
501k-550k 8 0
551k-600k 4 4 0.2 6
601k-650k 3 1 0.1 18
651k-700k 3 1 0.1 18
701k-750k 1 1 0.2 6
751k-800k 2 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0.2 0
1.2m-1.3m 2 0
2m-2.25m 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 9 8 1 0.1 6.8
76k-100k 9 4 0.1 13.5
101k-125k 7 2 0 21
126k-150k 6 0
151k-175k 3 2 1 0.1 9
176k-200k 5 1 0 30
201k-225k 1 1 1 0.2 6
226k-250k 1 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
501k-550k 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 4 0
951k-1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0