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 19 22 1 0.2 5.2
276k-300k 28 31 5 0.2 5.4
301k-325k 20 33 3 0.3 3.6
326k-350k 60 65 8 0.2 5.5
351k-375k 50 37 4 0.1 8.1
376k-400k 71 71 10 0.2 6
401k-425k 52 38 4 0.1 8.2
426k-450k 78 67 11 0.1 7
451k-475k 54 38 6 0.1 8.5
476k-500k 57 55 9 0.2 6.2
501k-550k 69 68 7 0.2 6.1
551k-600k 64 63 12 0.2 6.1
601k-650k 47 41 5 0.1 6.9
651k-700k 41 37 7 0.2 6.6
701k-750k 27 33 3 0.2 4.9
751k-800k 28 20 2 0.1 8.4
801k-850k 17 17 1 0.2 6
851k-900k 16 12 1 0.1 8
901k-950k 10 8 0.1 7.5
951k-1m 8 5 0.1 9.6
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 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 8 13 3 0.3 3.7
176k-200k 20 8 1 0.1 15
201k-225k 16 19 4 0.2 5.1
226k-250k 34 17 1 0.1 12
251k-275k 30 16 4 0.1 11.3
276k-300k 46 10 1 0 27.6
301k-325k 29 17 2 0.1 10.2
326k-350k 18 11 0.1 9.8
351k-375k 14 16 4 0.2 5.3
376k-400k 15 10 1 0.1 9
401k-425k 14 4 0 21
426k-450k 6 11 2 0.3 3.3
451k-475k 6 3 1 0.1 12
476k-500k 6 3 0.1 12
501k-550k 6 1 0 36
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
1.6m-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 7 7 0.2 6
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 3 0
951k-1m 3 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0