Absorption Report

Sarasota County School District, House

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 3 1 0.5 0
101k-125k 3 0.5 0
126k-150k 5 3 0.8 0
151k-175k 8 3 1.3 0
176k-200k 12 10 1 0.1 7.2
201k-225k 11 15 2 0.2 4.4
226k-250k 23 46 8 0.3 3
251k-275k 42 59 8 0.2 4.3
276k-300k 75 84 14 0.2 5.4
301k-325k 65 84 7 0.2 4.6
326k-350k 144 137 26 0.2 6.3
351k-375k 125 125 22 0.2 6
376k-400k 163 159 22 0.2 6.2
401k-425k 116 115 24 0.2 6.1
426k-450k 143 105 13 0.1 8.2
451k-475k 79 87 18 0.2 5.4
476k-500k 136 94 9 0.1 8.7
501k-550k 169 143 22 0.1 7.1
551k-600k 146 110 20 0.1 8
601k-650k 96 93 17 0.2 6.2
651k-700k 97 85 17 0.1 6.8
701k-750k 63 64 11 0.2 5.9
751k-800k 63 63 14 0.2 6
801k-850k 52 36 1 0.1 8.7
851k-900k 46 35 3 0.1 7.9
901k-950k 29 28 10 0.2 6.2
951k-1m 41 28 5 0.1 8.8
1m-1.1m 23 26 4 0.2 5.3
1.1m-1.2m 27 28 6 0.2 5.8
1.2m-1.3m 20 30 5 0.3 4
1.3m-1.4m 13 20 2 0.3 3.9
1.4m-1.5m 21 13 2 0.1 9.7
1.5m-1.6m 12 13 2 0.2 5.5
1.6m-1.7m 13 17 4 0.2 4.6
1.7m-1.8m 17 6 2 0.1 17
1.8m-1.9m 10 13 3 0.2 4.6
1.9m-2m 14 6 0.1 14
2m-2.25m 22 12 5 0.1 11
2.25m-2.5m 29 11 0.1 15.8
2.5m-2.75m 15 12 1 0.1 7.5
2.75m-3m 16 3 0 32
3m-3.5m 14 13 4 0.2 6.5
3.5m-4m 17 10 3 0.1 10.2
4m-4.5m 14 6 0.1 14
4.5m-5m 9 1 1 0 54
5.01m-6m 16 2 1 0 48
6.01m-7m 7 1 0 42
7.01m-8m 5 2 0.1 15
8.01m-9m 3 0
9.01m-10m 5 1 0 30
10.01m-11m 3 1 1 0.1 18
11.01m-12m 1 0
14.01m-15m 1 0
15.01m-16m 2 0
19.01m-20m 1 0
24.01m-25m 1 0
28.01m-29m 1 0