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 1 5 0.8 1.2
201k-225k 2 7 0.6 1.7
226k-250k 9 17 2 0.3 3.2
251k-275k 19 22 1 0.2 5.2
276k-300k 28 31 4 0.2 5.4
301k-325k 22 32 3 0.2 4.1
326k-350k 63 64 9 0.2 5.9
351k-375k 48 37 4 0.1 7.8
376k-400k 73 72 9 0.2 6.1
401k-425k 53 39 5 0.1 8.2
426k-450k 79 68 12 0.1 7
451k-475k 59 38 6 0.1 9.3
476k-500k 55 56 12 0.2 5.9
501k-550k 75 70 7 0.2 6.4
551k-600k 67 63 12 0.2 6.4
601k-650k 48 41 5 0.1 7
651k-700k 43 37 7 0.1 7
701k-750k 25 34 3 0.2 4.4
751k-800k 27 20 2 0.1 8.1
801k-850k 18 17 1 0.2 6.4
851k-900k 18 13 1 0.1 8.3
901k-950k 9 8 0.1 6.8
951k-1m 8 6 1 0.1 8
1m-1.1m 7 11 3 0.3 3.8
1.1m-1.2m 7 9 3 0.2 4.7
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 1 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 6 3 1 0.1 12
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
126k-150k 3 1 0.5 0
151k-175k 9 13 3 0.2 4.2
176k-200k 19 8 0.1 14.3
201k-225k 15 19 3 0.2 4.7
226k-250k 36 17 1 0.1 12.7
251k-275k 30 15 4 0.1 12
276k-300k 43 10 1 0 25.8
301k-325k 30 18 3 0.1 10
326k-350k 19 10 0.1 11.4
351k-375k 14 17 5 0.2 4.9
376k-400k 15 10 0.1 9
401k-425k 14 4 0 21
426k-450k 6 11 2 0.3 3.3
451k-475k 6 4 2 0.1 9
476k-500k 5 3 0.1 10
501k-550k 7 1 0 42
551k-600k 2 5 0.4 2.4
601k-650k 1 2 0.3 3
651k-700k 2 3 1 0.3 4
701k-750k 1 1 0.2 6
751k-800k 3 0
801k-850k 3 1 0.1 18
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 6 7 0.2 5.1
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
1.5m-1.6m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0