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 1 0.2 0
126k-150k 5 1 0.8 0
151k-175k 2 9 3 0.8 1.3
176k-200k 10 11 2 0.2 5.5
201k-225k 13 16 1 0.2 4.9
226k-250k 29 44 6 0.3 4
251k-275k 48 59 8 0.2 4.9
276k-300k 73 82 13 0.2 5.3
301k-325k 66 86 8 0.2 4.6
326k-350k 142 137 21 0.2 6.2
351k-375k 123 124 19 0.2 6
376k-400k 168 161 22 0.2 6.3
401k-425k 112 114 22 0.2 5.9
426k-450k 145 101 10 0.1 8.6
451k-475k 86 90 20 0.2 5.7
476k-500k 136 92 10 0.1 8.9
501k-550k 173 142 19 0.1 7.3
551k-600k 138 109 19 0.1 7.6
601k-650k 106 100 21 0.2 6.4
651k-700k 96 87 15 0.2 6.6
701k-750k 68 63 8 0.2 6.5
751k-800k 66 64 14 0.2 6.2
801k-850k 49 34 3 0.1 8.6
851k-900k 47 34 3 0.1 8.3
901k-950k 27 28 9 0.2 5.8
951k-1m 43 26 4 0.1 9.9
1m-1.1m 24 27 4 0.2 5.3
1.1m-1.2m 32 28 5 0.1 6.9
1.2m-1.3m 22 29 5 0.2 4.6
1.3m-1.4m 12 19 2 0.3 3.8
1.4m-1.5m 26 12 2 0.1 13
1.5m-1.6m 15 13 2 0.1 6.9
1.6m-1.7m 16 17 4 0.2 5.6
1.7m-1.8m 15 6 2 0.1 15
1.8m-1.9m 12 13 3 0.2 5.5
1.9m-2m 16 7 1 0.1 13.7
2m-2.25m 24 12 5 0.1 12
2.25m-2.5m 32 11 0.1 17.5
2.5m-2.75m 18 12 1 0.1 9
2.75m-3m 18 3 0 36
3m-3.5m 16 13 3 0.1 7.4
3.5m-4m 18 9 2 0.1 12
4m-4.5m 14 7 1 0.1 12
4.5m-5m 11 1 1 0 66
5.01m-6m 22 2 0 66
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 4 1 1 0 24
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
27.01m-28m 1 0