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 3 0.8 0
151k-175k 8 3 1.3 0
176k-200k 12 10 1 0.1 7.2
201k-225k 12 15 1 0.2 4.8
226k-250k 26 45 6 0.3 3.5
251k-275k 43 60 9 0.2 4.3
276k-300k 76 82 12 0.2 5.6
301k-325k 65 85 8 0.2 4.6
326k-350k 145 135 24 0.2 6.4
351k-375k 127 124 19 0.2 6.1
376k-400k 168 159 22 0.2 6.3
401k-425k 116 116 25 0.2 6
426k-450k 141 102 11 0.1 8.3
451k-475k 81 87 18 0.2 5.6
476k-500k 134 91 9 0.1 8.8
501k-550k 172 142 19 0.1 7.3
551k-600k 147 107 18 0.1 8.2
601k-650k 101 97 20 0.2 6.2
651k-700k 96 86 15 0.1 6.7
701k-750k 65 62 9 0.2 6.3
751k-800k 67 61 13 0.2 6.6
801k-850k 51 33 2 0.1 9.3
851k-900k 50 34 3 0.1 8.8
901k-950k 30 28 10 0.2 6.4
951k-1m 40 26 4 0.1 9.2
1m-1.1m 23 26 3 0.2 5.3
1.1m-1.2m 28 28 5 0.2 6
1.2m-1.3m 20 29 5 0.2 4.1
1.3m-1.4m 13 19 2 0.2 4.1
1.4m-1.5m 26 13 2 0.1 12
1.5m-1.6m 14 13 2 0.2 6.5
1.6m-1.7m 14 17 4 0.2 4.9
1.7m-1.8m 16 6 2 0.1 16
1.8m-1.9m 10 13 3 0.2 4.6
1.9m-2m 14 6 0.1 14
2m-2.25m 24 12 5 0.1 12
2.25m-2.5m 30 11 0.1 16.4
2.5m-2.75m 17 12 1 0.1 8.5
2.75m-3m 17 3 0 34
3m-3.5m 14 13 4 0.2 6.5
3.5m-4m 16 9 2 0.1 10.7
4m-4.5m 14 7 1 0.1 12
4.5m-5m 10 1 1 0 60
5.01m-6m 17 2 0 51
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