Supply & Demand in Rotonda West, 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
151k-175k 3 1 0.5 0
201k-225k 1 0
226k-250k 1 0.2 0
251k-275k 5 3 1 0.1 10
276k-300k 11 4 2 0.1 16.5
301k-325k 12 6 1 0.1 12
326k-350k 21 23 3 0.2 5.5
351k-375k 20 19 1 0.2 6.3
376k-400k 17 15 5 0.1 6.8
401k-425k 12 14 4 0.2 5.1
426k-450k 31 8 0 23.3
451k-475k 11 11 3 0.2 6
476k-500k 33 12 5 0.1 16.5
501k-550k 34 11 3 0.1 18.5
551k-600k 25 12 2 0.1 12.5
601k-650k 14 8 4 0.1 10.5
651k-700k 24 2 0 72
701k-750k 7 10 2 0.2 4.2
751k-800k 2 1 0.1 12
801k-850k 1 0.2 0
851k-900k 2 1 0.1 12
901k-950k 1 1 1 0.2 6
951k-1m 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
251k-275k 2 0
276k-300k 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
76k-100k 1 0.2 0
126k-150k 4 0
151k-175k 6 2 0.1 18
176k-200k 5 0
201k-225k 3 2 1 0.1 9
226k-250k 10 2 1 0 30
251k-275k 5 3 2 0.1 10
276k-300k 3 0
326k-350k 1 0.2 0
376k-400k 1 0
401k-425k 1 0
451k-475k 1 0

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 17 52 7 0.5 2
26k-50k 220 68 10 0.1 19.4
51k-75k 147 20 8 0 44.1
76k-100k 55 2 0 165
101k-125k 14 0
126k-150k 4 0
151k-175k 2 1 1 0.1 12
176k-200k 2 0
201k-225k 1 0
276k-300k 1 0
326k-350k 3 0
376k-400k 1 0.2 0
401k-425k 1 0
501k-550k 1 1 0.2 0
601k-650k 1 0
1.4m-1.5m 1 0
2.75m-3m 1 0