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 3 7 0.4 2.6
226k-250k 8 17 2 0.4 2.8
251k-275k 16 24 5 0.3 4
276k-300k 29 27 2 0.2 6.4
301k-325k 20 37 5 0.3 3.2
326k-350k 62 66 5 0.2 5.6
351k-375k 44 46 4 0.2 5.7
376k-400k 74 74 11 0.2 6
401k-425k 49 42 4 0.1 7
426k-450k 77 69 16 0.1 6.7
451k-475k 51 41 6 0.1 7.5
476k-500k 51 58 10 0.2 5.3
501k-550k 81 73 8 0.2 6.7
551k-600k 62 66 10 0.2 5.6
601k-650k 42 44 5 0.2 5.7
651k-700k 40 43 2 0.2 5.6
701k-750k 29 33 2 0.2 5.3
751k-800k 25 21 4 0.1 7.1
801k-850k 14 19 3 0.2 4.4
851k-900k 16 11 2 0.1 8.7
901k-950k 9 8 0.1 6.8
951k-1m 8 5 0.1 9.6
1m-1.1m 8 12 4 0.3 4
1.1m-1.2m 7 9 3 0.2 4.7
1.2m-1.3m 4 6 1 0.3 4
1.3m-1.4m 2 2 0.2 6
1.4m-1.5m 5 1 0 30
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 2 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
3m-3.5m 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 1 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 2 0.3 3
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 6 10 0.3 3.6
176k-200k 20 11 1 0.1 10.9
201k-225k 15 21 5 0.2 4.3
226k-250k 35 18 2 0.1 11.7
251k-275k 30 15 4 0.1 12
276k-300k 47 11 1 0 25.6
301k-325k 28 22 3 0.1 7.6
326k-350k 18 12 0.1 9
351k-375k 13 18 5 0.2 4.3
376k-400k 14 11 2 0.1 7.6
401k-425k 16 6 0.1 16
426k-450k 6 12 1 0.3 3
451k-475k 6 3 1 0.1 12
476k-500k 7 3 0.1 14
501k-550k 7 1 0 42
551k-600k 1 5 1 0.8 1.2
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 6 0.1 8
101k-125k 9 3 1 0.1 18
126k-150k 7 1 0 42
151k-175k 3 1 0.1 18
176k-200k 4 1 1 0 24
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