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 1 1 0.2 0
151k-175k 1 0.2 0
176k-200k 1 5 0.8 1.2
201k-225k 2 6 0.5 2
226k-250k 10 16 2 0.3 3.8
251k-275k 17 22 0.2 4.6
276k-300k 30 29 5 0.2 6.2
301k-325k 20 29 0.2 4.1
326k-350k 59 61 11 0.2 5.8
351k-375k 48 35 3 0.1 8.2
376k-400k 79 74 13 0.2 6.4
401k-425k 48 38 5 0.1 7.6
426k-450k 83 67 13 0.1 7.4
451k-475k 60 36 5 0.1 10
476k-500k 61 55 10 0.2 6.7
501k-550k 78 70 8 0.1 6.7
551k-600k 74 60 12 0.1 7.4
601k-650k 56 41 8 0.1 8.2
651k-700k 48 35 6 0.1 8.2
701k-750k 24 33 3 0.2 4.4
751k-800k 30 19 2 0.1 9.5
801k-850k 21 16 1 0.1 7.9
851k-900k 16 13 2 0.1 7.4
901k-950k 9 8 0.1 6.8
951k-1m 9 6 1 0.1 9
1m-1.1m 6 10 3 0.3 3.6
1.1m-1.2m 8 8 2 0.2 6
1.2m-1.3m 3 8 3 0.4 2.3
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 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 0.3 0
301k-325k 3 0.5 0
326k-350k 7 3 0.1 14
351k-375k 1 1 0.2 6
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

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
126k-150k 3 0.5 0
151k-175k 8 13 4 0.3 3.7
176k-200k 17 7 0.1 14.6
201k-225k 15 19 2 0.2 4.7
226k-250k 37 18 2 0.1 12.3
251k-275k 30 16 3 0.1 11.3
276k-300k 45 8 1 0 33.8
301k-325k 29 18 3 0.1 9.7
326k-350k 19 7 0.1 16.3
351k-375k 20 18 6 0.2 6.7
376k-400k 16 11 1 0.1 8.7
401k-425k 12 4 0.1 18
426k-450k 8 11 2 0.2 4.4
451k-475k 6 4 2 0.1 9
476k-500k 4 2 0.1 12
501k-550k 8 1 0 48
551k-600k 3 5 0.3 3.6
601k-650k 2 1 0.1 12
651k-700k 2 3 1 0.3 4
701k-750k 1 1 0.2 6
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 0
901k-950k 1 0
951k-1m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 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 7 7 0.2 6
76k-100k 8 5 0.1 9.6
101k-125k 7 3 1 0.1 14
126k-150k 7 0
151k-175k 3 1 0.1 18
176k-200k 5 1 1 0 30
201k-225k 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 2 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0