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 4 1 0 24
176k-200k 3 0.5 0
201k-225k 2 5 0.4 2.4
226k-250k 10 14 1 0.2 4.3
251k-275k 18 16 2 0.1 6.8
276k-300k 33 30 5 0.2 6.6
301k-325k 26 25 2 0.2 6.2
326k-350k 65 58 5 0.1 6.7
351k-375k 56 32 6 0.1 10.5
376k-400k 83 72 9 0.1 6.9
401k-425k 58 34 6 0.1 10.2
426k-450k 82 61 6 0.1 8.1
451k-475k 62 32 3 0.1 11.6
476k-500k 64 52 4 0.1 7.4
501k-550k 78 67 9 0.1 7
551k-600k 72 58 8 0.1 7.4
601k-650k 51 38 8 0.1 8.1
651k-700k 52 31 6 0.1 10.1
701k-750k 28 26 0.2 6.5
751k-800k 28 20 5 0.1 8.4
801k-850k 21 13 1 0.1 9.7
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 6 10 1 0.3 3.6
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 1 1 1 0.2 6
2.25m-2.5m 2 1 0.1 12
2.5m-2.75m 2 0.3 0
2.75m-3m 1 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 1 1 0.2 6
251k-275k 1 0
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 8 2 0.1 15
201k-225k 21 20 2 0.2 6.3
226k-250k 37 15 1 0.1 14.8
251k-275k 32 16 3 0.1 12
276k-300k 49 9 1 0 32.7
301k-325k 28 16 2 0.1 10.5
326k-350k 20 9 2 0.1 13.3
351k-375k 26 14 0.1 11.1
376k-400k 15 11 1 0.1 8.2
401k-425k 19 3 0 38
426k-450k 8 9 0.2 5.3
451k-475k 6 4 0.1 9
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 0.2 0
901k-950k 2 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 8 8 1 0.2 6
76k-100k 10 4 0.1 15
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