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 49 58 8 0.2 5.1
276k-300k 73 82 14 0.2 5.3
301k-325k 66 86 8 0.2 4.6
326k-350k 142 134 21 0.2 6.4
351k-375k 123 124 17 0.2 6
376k-400k 170 160 21 0.2 6.4
401k-425k 111 114 20 0.2 5.8
426k-450k 148 100 10 0.1 8.9
451k-475k 85 88 19 0.2 5.8
476k-500k 138 90 9 0.1 9.2
501k-550k 168 140 20 0.1 7.2
551k-600k 137 106 17 0.1 7.8
601k-650k 105 99 20 0.2 6.4
651k-700k 96 85 15 0.1 6.8
701k-750k 68 63 7 0.2 6.5
751k-800k 67 64 14 0.2 6.3
801k-850k 49 33 3 0.1 8.9
851k-900k 47 33 3 0.1 8.5
901k-950k 27 28 7 0.2 5.8
951k-1m 43 27 5 0.1 9.6
1m-1.1m 24 26 4 0.2 5.5
1.1m-1.2m 33 28 5 0.1 7.1
1.2m-1.3m 22 29 5 0.2 4.6
1.3m-1.4m 12 18 1 0.3 4
1.4m-1.5m 25 12 2 0.1 12.5
1.5m-1.6m 15 13 2 0.1 6.9
1.6m-1.7m 15 17 4 0.2 5.3
1.7m-1.8m 16 6 2 0.1 16
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 4 0.1 12
2.25m-2.5m 32 10 0.1 19.2
2.5m-2.75m 18 12 1 0.1 9
2.75m-3m 20 3 0 40
3m-3.5m 15 13 3 0.1 6.9
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