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 1 0.3 0
151k-175k 3 1 0.1 18
176k-200k 3 0.5 0
201k-225k 2 5 0.4 2.4
226k-250k 10 14 2 0.2 4.3
251k-275k 20 16 2 0.1 7.5
276k-300k 28 30 7 0.2 5.6
301k-325k 30 25 2 0.1 7.2
326k-350k 62 56 6 0.2 6.6
351k-375k 56 34 8 0.1 9.9
376k-400k 83 73 9 0.1 6.8
401k-425k 59 35 5 0.1 10.1
426k-450k 86 62 7 0.1 8.3
451k-475k 60 31 3 0.1 11.6
476k-500k 69 50 4 0.1 8.3
501k-550k 76 66 9 0.1 6.9
551k-600k 72 56 8 0.1 7.7
601k-650k 52 39 8 0.1 8
651k-700k 51 31 7 0.1 9.9
701k-750k 31 27 1 0.1 6.9
751k-800k 26 21 6 0.1 7.4
801k-850k 20 12 1 0.1 10
851k-900k 12 13 2 0.2 5.5
901k-950k 8 8 2 0.2 6
951k-1m 11 5 2 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
1.9m-2m 1 1 0.2 0
2m-2.25m 2 1 1 0.1 12
2.25m-2.5m 1 1 0.2 6
2.5m-2.75m 2 0.3 0
2.75m-3m 1 1 0.2 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 2 1 0.1 12
276k-300k 2 0.3 0
301k-325k 1 3 1 0.5 2
326k-350k 6 4 2 0.1 9
351k-375k 2 1 0.1 12
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
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 0.2 4.6
176k-200k 21 9 3 0.1 14
201k-225k 26 20 2 0.1 7.8
226k-250k 34 16 2 0.1 12.8
251k-275k 33 15 3 0.1 13.2
276k-300k 49 10 2 0 29.4
301k-325k 32 16 2 0.1 12
326k-350k 19 9 2 0.1 12.7
351k-375k 26 13 0.1 12
376k-400k 15 11 1 0.1 8.2
401k-425k 19 2 0 57
426k-450k 9 9 0.2 6
451k-475k 6 4 0.1 9
476k-500k 9 2 0 27
501k-550k 7 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 3 0
801k-850k 2 1 0.1 12
851k-900k 1 1 0.2 6
901k-950k 1 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 9 9 2 0.2 6
76k-100k 9 4 0.1 13.5
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
226k-250k 2 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 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