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 1 1 0.2 0
151k-175k 2 1 0.1 12
176k-200k 2 3 0.3 4
201k-225k 3 5 0.3 3.6
226k-250k 10 15 2 0.3 4
251k-275k 16 18 1 0.2 5.3
276k-300k 30 30 7 0.2 6
301k-325k 20 29 1 0.2 4.1
326k-350k 61 63 12 0.2 5.8
351k-375k 53 34 5 0.1 9.4
376k-400k 80 72 13 0.2 6.7
401k-425k 51 37 6 0.1 8.3
426k-450k 86 65 10 0.1 7.9
451k-475k 59 32 2 0.1 11.1
476k-500k 60 54 7 0.2 6.7
501k-550k 78 67 7 0.1 7
551k-600k 70 63 12 0.2 6.7
601k-650k 54 41 7 0.1 7.9
651k-700k 51 34 5 0.1 9
701k-750k 24 31 2 0.2 4.6
751k-800k 30 21 4 0.1 8.6
801k-850k 21 15 0.1 8.4
851k-900k 17 13 2 0.1 7.8
901k-950k 7 9 1 0.2 4.7
951k-1m 8 6 2 0.1 8
1m-1.1m 6 10 2 0.3 3.6
1.1m-1.2m 6 7 0.2 5.1
1.2m-1.3m 3 9 4 0.5 2
1.3m-1.4m 1 2 1 0.3 3
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 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 6 3 1 0.1 12
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

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 3 0.5 0
151k-175k 8 13 4 0.3 3.7
176k-200k 17 7 0.1 14.6
201k-225k 14 19 1 0.2 4.4
226k-250k 40 16 1 0.1 15
251k-275k 27 16 3 0.1 10.1
276k-300k 48 8 0 36
301k-325k 31 17 2 0.1 10.9
326k-350k 20 9 2 0.1 13.3
351k-375k 23 17 4 0.1 8.1
376k-400k 17 11 2 0.1 9.3
401k-425k 13 3 0 26
426k-450k 9 10 2 0.2 5.4
451k-475k 5 4 2 0.1 7.5
476k-500k 5 2 0.1 15
501k-550k 8 0
551k-600k 3 5 0.3 3.6
601k-650k 2 1 0.1 12
651k-700k 3 2 1 0.1 9
701k-750k 1 1 0.2 6
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 1 0.2 0
901k-950k 2 0
951k-1m 1 0
1.2m-1.3m 3 0
1.3m-1.4m 1 0
1.5m-1.6m 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 9 5 0.1 10.8
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
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
851k-900k 1 0
901k-950k 4 0
951k-1m 1 0
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 1 0
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0