Supply & Demand in Englewood, FL

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 Since 12/31 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 1 0
101k-125k 1 0.2 0
126k-150k 1 0
151k-175k 2 0.3 0
176k-200k 1 2 1 0.3 3
201k-225k 4 7 2 0.3 3.4
226k-250k 4 10 3 0.4 2.4
251k-275k 7 12 3 0.3 3.5
276k-300k 27 27 6 0.2 6
301k-325k 17 48 10 0.5 2.1
326k-350k 33 14 4 0.1 14.1
351k-375k 24 28 3 0.2 5.1
376k-400k 33 20 5 0.1 9.9
401k-425k 32 22 3 0.1 8.7
426k-450k 25 14 5 0.1 10.7
451k-475k 12 16 4 0.2 4.5
476k-500k 28 15 3 0.1 11.2
501k-550k 36 10 3 0 21.6
551k-600k 15 17 8 0.2 5.3
601k-650k 17 13 4 0.1 7.8
651k-700k 12 12 4 0.2 6
701k-750k 11 11 0.2 6
751k-800k 8 9 3 0.2 5.3
801k-850k 7 8 3 0.2 5.3
851k-900k 12 8 3 0.1 9
901k-950k 3 6 2 0.3 3
951k-1m 9 1 0 54
1m-1.1m 3 2 0.1 9
1.1m-1.2m 4 5 1 0.2 4.8
1.2m-1.3m 5 5 2 0.2 6
1.3m-1.4m 6 6 2 0.2 6
1.4m-1.5m 3 1 1 0.1 18
1.6m-1.7m 4 1 0 24
1.7m-1.8m 2 1 0.1 12
1.8m-1.9m 4 0
1.9m-2m 2 3 0.3 4
2m-2.25m 3 2 1 0.1 9
2.25m-2.5m 4 2 0.1 12
2.5m-2.75m 1 0
2.75m-3m 5 1 1 0 30
3m-3.5m 5 0
3.5m-4m 6 1 0 36
4m-4.5m 1 1 1 0.2 6
4.5m-5m 3 1 1 0.1 18
5.01m-6m 1 0
7.01m-8m 1 0
9.01m-10m 1 0
11.01m-12m 1 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
651k-700k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 1 0
126k-150k 1 0.2 0
151k-175k 6 2 0.1 18
176k-200k 7 5 2 0.1 8.4
201k-225k 11 8 3 0.1 8.3
226k-250k 9 4 4 0.1 13.5
251k-275k 14 6 1 0.1 14
276k-300k 8 4 1 0.1 12
301k-325k 4 3 1 0.1 8
326k-350k 10 3 1 0.1 20
351k-375k 4 1 0 24
376k-400k 4 3 1 0.1 8
401k-425k 2 2 2 0.2 6
426k-450k 2 0
451k-475k 2 0
476k-500k 4 1 0 24
501k-550k 4 4 1 0.2 6
551k-600k 6 5 3 0.1 7.2
601k-650k 7 1 1 0 42
651k-700k 1 2 0.3 3
701k-750k 2 1 0.1 12
751k-800k 6 2 0.1 18
801k-850k 3 0
851k-900k 2 0
951k-1m 1 0
1.1m-1.2m 1 0
1.6m-1.7m 1 0
2m-2.25m 1 1 0.2 6

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 22 46 11 0.3 2.9
26k-50k 106 57 14 0.1 11.2
51k-75k 56 17 5 0.1 19.8
76k-100k 26 5 0 31.2
101k-125k 8 1 0 48
126k-150k 7 2 1 0 21
151k-175k 7 1 0 42
176k-200k 4 0
201k-225k 4 1 0 24
226k-250k 8 0
251k-275k 3 3 2 0.2 6
276k-300k 3 0
301k-325k 2 0
326k-350k 4 1 1 0 24
351k-375k 1 0
376k-400k 3 0
401k-425k 2 1 0.3 0
426k-450k 1 0
476k-500k 2 0
551k-600k 1 0.2 0
601k-650k 1 0
701k-750k 1 1 1 0.2 6
751k-800k 2 0
851k-900k 2 0
951k-1m 2 0
1m-1.1m 4 0
1.4m-1.5m 2 0
1.5m-1.6m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 0
2.75m-3m 1 0.2 0
3m-3.5m 1 1 0.2 6
7.01m-8m 1 0