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 11 11 2 0.2 6
201k-225k 11 16 1 0.2 4.1
226k-250k 31 45 7 0.2 4.1
251k-275k 52 59 9 0.2 5.3
276k-300k 73 82 14 0.2 5.3
301k-325k 67 86 8 0.2 4.7
326k-350k 137 133 21 0.2 6.2
351k-375k 126 125 18 0.2 6
376k-400k 172 157 20 0.2 6.6
401k-425k 117 114 19 0.2 6.2
426k-450k 151 99 10 0.1 9.2
451k-475k 86 90 21 0.2 5.7
476k-500k 134 89 9 0.1 9
501k-550k 168 141 20 0.1 7.1
551k-600k 139 106 16 0.1 7.9
601k-650k 104 99 21 0.2 6.3
651k-700k 103 86 16 0.1 7.2
701k-750k 67 62 7 0.2 6.5
751k-800k 68 63 13 0.2 6.5
801k-850k 52 33 3 0.1 9.5
851k-900k 50 32 3 0.1 9.4
901k-950k 30 28 7 0.2 6.4
951k-1m 45 27 5 0.1 10
1m-1.1m 25 26 4 0.2 5.8
1.1m-1.2m 34 28 5 0.1 7.3
1.2m-1.3m 22 27 5 0.2 4.9
1.3m-1.4m 13 18 1 0.2 4.3
1.4m-1.5m 26 12 1 0.1 13
1.5m-1.6m 17 13 2 0.1 7.8
1.6m-1.7m 16 17 4 0.2 5.6
1.7m-1.8m 16 6 2 0.1 16
1.8m-1.9m 12 12 2 0.2 6
1.9m-2m 16 7 1 0.1 13.7
2m-2.25m 24 12 4 0.1 12
2.25m-2.5m 33 11 1 0.1 18
2.5m-2.75m 17 11 1 0.1 9.3
2.75m-3m 20 3 0 40
3m-3.5m 17 13 3 0.1 7.8
3.5m-4m 17 9 2 0.1 11.3
4m-4.5m 14 7 1 0.1 12
4.5m-5m 11 1 1 0 66
5.01m-6m 20 2 0 60
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