Absorption Report

Sarasota County, New Construction

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
76k-100k 2 1 0.3 0
151k-175k 2 2 0.2 6
176k-200k 6 5 2 0.1 7.2
201k-225k 4 4 0.2 6
226k-250k 11 12 3 0.2 5.5
251k-275k 14 19 4 0.2 4.4
276k-300k 35 47 10 0.2 4.5
301k-325k 64 66 7 0.2 5.8
326k-350k 106 117 18 0.2 5.4
351k-375k 105 97 14 0.2 6.5
376k-400k 129 111 13 0.1 7
401k-425k 86 71 15 0.1 7.3
426k-450k 91 66 6 0.1 8.3
451k-475k 71 59 13 0.1 7.2
476k-500k 68 83 9 0.2 4.9
501k-550k 105 92 18 0.1 6.8
551k-600k 95 80 10 0.1 7.1
601k-650k 73 68 12 0.2 6.4
651k-700k 67 70 14 0.2 5.7
701k-750k 42 49 9 0.2 5.1
751k-800k 47 46 7 0.2 6.1
801k-850k 38 23 4 0.1 9.9
851k-900k 20 26 3 0.2 4.6
901k-950k 17 28 4 0.3 3.6
951k-1m 30 12 4 0.1 15
1m-1.1m 19 37 7 0.3 3.1
1.1m-1.2m 18 23 2 0.2 4.7
1.2m-1.3m 14 22 4 0.3 3.8
1.3m-1.4m 7 16 2 0.4 2.6
1.4m-1.5m 17 9 1 0.1 11.3
1.5m-1.6m 13 14 1 0.2 5.6
1.6m-1.7m 14 11 2 0.1 7.6
1.7m-1.8m 11 8 3 0.1 8.3
1.8m-1.9m 9 8 1 0.1 6.8
1.9m-2m 13 8 0.1 9.8
2m-2.25m 16 7 3 0.1 13.7
2.25m-2.5m 22 9 2 0.1 14.7
2.5m-2.75m 16 7 1 0.1 13.7
2.75m-3m 17 5 1 0 20.4
3m-3.5m 17 12 4 0.1 8.5
3.5m-4m 19 7 2 0.1 16.3
4m-4.5m 15 3 0 30
4.5m-5m 11 1 0 66
5.01m-6m 19 2 0 57
6.01m-7m 9 0
7.01m-8m 5 0
8.01m-9m 3 0
9.01m-10m 3 1 0.1 18
10.01m-11m 3 1 0.1 18
11.01m-12m 4 0
12.01m-13m 1 0
14.01m-15m 1 0
15.01m-16m 2 0
16.01m-17m 1 1 0.2 6
19.01m-20m 1 0
24.01m-25m 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
151k-175k 1 0.2 0
226k-250k 2 4 1 0.3 3
251k-275k 1 0
276k-300k 1 22 1 3.7 0.3
301k-325k 1 9 1.5 0.7
326k-350k 14 18 6 0.2 4.7
351k-375k 11 14 3 0.2 4.7
376k-400k 4 11 5 0.5 2.2
401k-425k 3 7 1 0.4 2.6
426k-450k 5 2 0.1 15
451k-475k 3 6 1 0.3 3
476k-500k 7 3 2 0.1 14
501k-550k 8 9 3 0.2 5.3
551k-600k 1 0.2 0
651k-700k 1 1 0.2 6
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 1 0
1.3m-1.4m 2 1 0.3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.75m-3m 2 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
76k-100k 1 0.2 0
101k-125k 2 0
126k-150k 3 4 0.2 4.5
151k-175k 11 10 0.2 6.6
176k-200k 20 5 2 0 24
201k-225k 13 11 0.1 7.1
226k-250k 20 14 1 0.1 8.6
251k-275k 22 11 1 0.1 12
276k-300k 34 15 1 0.1 13.6
301k-325k 26 17 2 0.1 9.2
326k-350k 25 6 1 0 25
351k-375k 22 13 0.1 10.2
376k-400k 10 7 0.1 8.6
401k-425k 15 2 1 0 45
426k-450k 14 3 0 28
451k-475k 9 4 0.1 13.5
476k-500k 16 8 1 0.1 12
501k-550k 15 5 1 0.1 18
551k-600k 11 4 0.1 16.5
601k-650k 7 10 1 0.2 4.2
651k-700k 13 9 0.1 8.7
701k-750k 13 9 1 0.1 8.7
751k-800k 18 12 0.1 9
801k-850k 15 5 1 0.1 18
851k-900k 8 7 2 0.1 6.9
901k-950k 2 3 0.3 4
951k-1m 11 2 2 0 33
1m-1.1m 13 4 1 0.1 19.5
1.1m-1.2m 12 4 0.1 18
1.2m-1.3m 13 10 2 0.1 7.8
1.3m-1.4m 5 9 1 0.3 3.3
1.4m-1.5m 5 6 1 0.2 5
1.5m-1.6m 4 6 1 0.3 4
1.6m-1.7m 6 6 1 0.2 6
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 2 0.1 9
1.9m-2m 6 3 0.1 12
2m-2.25m 2 11 1 0.9 1.1
2.25m-2.5m 7 11 3 0.3 3.8
2.5m-2.75m 9 7 0.1 7.7
2.75m-3m 6 2 0.1 18
3m-3.5m 8 3 0.1 16
3.5m-4m 8 2 0 24
4m-4.5m 7 2 0 21
4.5m-5m 6 10 2 0.3 3.6
5.01m-6m 9 5 2 0.1 10.8
6.01m-7m 8 1 1 0 48
7.01m-8m 6 10 0.3 3.6
8.01m-9m 4 10 2 0.4 2.4
9.01m-10m 2 0.3 0
10.01m-11m 1 2 0.3 3
11.01m-12m 1 0
12.01m-13m 1 5 2 0.8 1.2
13.01m-14m 1 1 0.2 6
14.01m-15m 1 0
21.01m-22m 1 0.2 0