Absorption Report

Venice

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 Since 12/31 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 5 0.8 0
201k-225k 3 8 0.4 2.3
226k-250k 8 16 1 0.3 3
251k-275k 15 24 6 0.3 3.8
276k-300k 29 27 5 0.2 6.4
301k-325k 19 38 5 0.3 3
326k-350k 54 65 1 0.2 5
351k-375k 49 49 3 0.2 6
376k-400k 70 72 9 0.2 5.8
401k-425k 47 44 5 0.2 6.4
426k-450k 74 69 12 0.2 6.4
451k-475k 51 40 5 0.1 7.7
476k-500k 52 58 12 0.2 5.4
501k-550k 78 76 11 0.2 6.2
551k-600k 61 64 11 0.2 5.7
601k-650k 36 46 7 0.2 4.7
651k-700k 43 43 2 0.2 6
701k-750k 28 33 4 0.2 5.1
751k-800k 22 21 4 0.2 6.3
801k-850k 12 19 2 0.3 3.8
851k-900k 13 11 3 0.1 7.1
901k-950k 8 9 0.2 5.3
951k-1m 8 6 0.1 8
1m-1.1m 8 12 3 0.3 4
1.1m-1.2m 6 9 3 0.3 4
1.2m-1.3m 4 5 0.2 4.8
1.3m-1.4m 1 2 0.3 3
1.4m-1.5m 6 1 0 36
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 2 2 2 0.2 6
1.9m-2m 1 0.2 0
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 Since 12/31 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 1 0.2 0
251k-275k 3 0
276k-300k 2 1 0.3 0
301k-325k 3 0.5 0
326k-350k 6 3 1 0.1 12
351k-375k 1 1 0.2 6
376k-400k 1 2 0.3 3
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 Since 12/31 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 1 0.2 0
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 6 10 0.3 3.6
176k-200k 19 11 1 0.1 10.4
201k-225k 10 20 4 0.3 3
226k-250k 34 19 4 0.1 10.7
251k-275k 26 16 4 0.1 9.8
276k-300k 43 11 1 0 23.5
301k-325k 22 23 3 0.2 5.7
326k-350k 18 12 0.1 9
351k-375k 11 16 4 0.2 4.1
376k-400k 14 11 2 0.1 7.6
401k-425k 15 6 0.1 15
426k-450k 6 13 1 0.4 2.8
451k-475k 5 2 0.1 15
476k-500k 6 3 0.1 12
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 2 0.2 6
701k-750k 1 1 0.2 6
751k-800k 2 1 0.1 12
801k-850k 3 1 0.1 18
851k-900k 1 1 0.2 0
951k-1m 2 0
1.2m-1.3m 2 1 0.1 12
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 Since 12/31 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 1 0.2 6
76k-100k 8 6 0.1 8
101k-125k 9 3 1 0.1 18
126k-150k 6 1 0 36
151k-175k 3 1 0.1 18
176k-200k 3 1 1 0.1 18
201k-225k 1 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0.2 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