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 18 23 3 0.2 4.7
276k-300k 28 31 5 0.2 5.4
301k-325k 20 36 5 0.3 3.3
326k-350k 61 67 8 0.2 5.5
351k-375k 50 40 5 0.1 7.5
376k-400k 73 75 13 0.2 5.8
401k-425k 51 41 4 0.1 7.5
426k-450k 77 68 15 0.1 6.8
451k-475k 54 41 6 0.1 7.9
476k-500k 58 57 10 0.2 6.1
501k-550k 71 69 8 0.2 6.2
551k-600k 65 69 14 0.2 5.7
601k-650k 46 42 7 0.2 6.6
651k-700k 42 45 7 0.2 5.6
701k-750k 26 34 3 0.2 4.6
751k-800k 27 21 2 0.1 7.7
801k-850k 17 19 1 0.2 5.4
851k-900k 16 11 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 8 3 0.3 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 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 1 0.1 12.4
251k-275k 30 16 4 0.1 11.3
276k-300k 46 11 1 0 25.1
301k-325k 29 18 4 0.1 9.7
326k-350k 18 12 0.1 9
351k-375k 14 16 4 0.2 5.3
376k-400k 16 10 1 0.1 9.6
401k-425k 14 6 0.1 14
426k-450k 6 13 2 0.4 2.8
451k-475k 6 3 1 0.1 12
476k-500k 6 3 0.1 12
501k-550k 7 1 0 42
551k-600k 2 5 1 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 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