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 2 0.3 0
151k-175k 3 1 0.1 18
176k-200k 1 3 0.5 2
201k-225k 3 5 0.3 3.6
226k-250k 11 14 0.2 4.7
251k-275k 14 17 1 0.2 4.9
276k-300k 31 29 5 0.2 6.4
301k-325k 20 26 2 0.2 4.6
326k-350k 67 61 7 0.2 6.6
351k-375k 53 34 6 0.1 9.4
376k-400k 82 71 10 0.1 6.9
401k-425k 59 34 7 0.1 10.4
426k-450k 85 61 7 0.1 8.4
451k-475k 60 29 0.1 12.4
476k-500k 63 52 6 0.1 7.3
501k-550k 80 64 8 0.1 7.5
551k-600k 76 59 7 0.1 7.7
601k-650k 52 35 6 0.1 8.9
651k-700k 49 32 4 0.1 9.2
701k-750k 26 27 0.2 5.8
751k-800k 26 21 5 0.1 7.4
801k-850k 19 13 0.1 8.8
851k-900k 17 12 2 0.1 8.5
901k-950k 9 7 1 0.1 7.7
951k-1m 10 5 2 0.1 12
1m-1.1m 5 10 1 0.3 3
1.1m-1.2m 4 9 2 0.4 2.7
1.2m-1.3m 3 10 2 0.6 1.8
1.3m-1.4m 1 2 1 0.3 3
1.4m-1.5m 5 1 1 0 30
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 1 0.2 0
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 2 0.3 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 2 0.3 0
226k-250k 1 0.2 0
251k-275k 2 0
276k-300k 2 0.3 0
301k-325k 3 1 0.5 0
326k-350k 5 3 1 0.1 10
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 8 13 1 0.3 3.7
176k-200k 18 8 1 0.1 13.5
201k-225k 16 19 1 0.2 5.1
226k-250k 40 16 1 0.1 15
251k-275k 32 17 3 0.1 11.3
276k-300k 48 9 1 0 32
301k-325k 30 14 1 0.1 12.9
326k-350k 19 9 2 0.1 12.7
351k-375k 24 14 1 0.1 10.3
376k-400k 17 11 1 0.1 9.3
401k-425k 16 3 0 32
426k-450k 8 9 0.2 5.3
451k-475k 7 4 0.1 10.5
476k-500k 6 2 0.1 18
501k-550k 8 0
551k-600k 4 4 0.2 6
601k-650k 2 1 0.1 12
651k-700k 3 1 0.1 18
701k-750k 1 1 0.2 6
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 2 0
951k-1m 1 0
1.2m-1.3m 2 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 8 8 1 0.2 6
76k-100k 9 5 0.1 10.8
101k-125k 7 2 0 21
126k-150k 7 0
151k-175k 3 2 1 0.1 9
176k-200k 5 1 0 30
201k-225k 1 1 1 0.2 6
276k-300k 2 1 0.1 12
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 2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0