Supply & Demand in Venice, 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 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
101k-125k 1 0.2 0
126k-150k 3 1 0.5 0
151k-175k 2 2 0.2 6
176k-200k 2 3 1 0.3 4
201k-225k 6 5 3 0.1 7.2
226k-250k 17 18 8 0.2 5.7
251k-275k 14 14 2 0.2 6
276k-300k 49 40 13 0.1 7.4
301k-325k 43 28 9 0.1 9.2
326k-350k 95 51 16 0.1 11.2
351k-375k 66 43 15 0.1 9.2
376k-400k 110 63 12 0.1 10.5
401k-425k 80 47 20 0.1 10.2
426k-450k 108 61 17 0.1 10.6
451k-475k 54 34 9 0.1 9.5
476k-500k 78 40 8 0.1 11.7
501k-550k 82 70 14 0.1 7
551k-600k 91 62 13 0.1 8.8
601k-650k 75 39 5 0.1 11.5
651k-700k 51 40 8 0.1 7.7
701k-750k 40 27 9 0.1 8.9
751k-800k 47 26 5 0.1 10.8
801k-850k 19 10 2 0.1 11.4
851k-900k 18 18 3 0.2 6
901k-950k 13 9 1 0.1 8.7
951k-1m 14 10 4 0.1 8.4
1m-1.1m 11 13 5 0.2 5.1
1.1m-1.2m 9 8 0.1 6.8
1.2m-1.3m 10 7 1 0.1 8.6
1.3m-1.4m 4 7 3 0.3 3.4
1.4m-1.5m 9 3 2 0.1 18
1.5m-1.6m 5 1 1 0 30
1.6m-1.7m 2 1 0.1 12
1.7m-1.8m 3 0
1.8m-1.9m 2 0.3 0
1.9m-2m 2 3 0.3 4
2m-2.25m 1 2 0.3 3
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 3 0
3m-3.5m 1 1 0.2 6
5.01m-6m 1 0
8.01m-9m 1 0

Townhouses 7% 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
176k-200k 1 1 0.2 0
201k-225k 1 0.2 0
226k-250k 3 1 0.5 0
276k-300k 1 2 1 0.3 3
301k-325k 3 4 1 0.2 4.5
326k-350k 2 3 0.3 4
351k-375k 2 1 0.1 12
376k-400k 1 0
401k-425k 1 0
476k-500k 1 0
551k-600k 1 0
751k-800k 1 0
2m-2.25m 1 0

Condos 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 10 7 3 0.1 8.6
151k-175k 17 12 4 0.1 8.5
176k-200k 34 11 5 0.1 18.5
201k-225k 33 20 4 0.1 9.9
226k-250k 50 18 5 0.1 16.7
251k-275k 47 20 7 0.1 14.1
276k-300k 53 14 6 0 22.7
301k-325k 31 20 4 0.1 9.3
326k-350k 27 17 6 0.1 9.5
351k-375k 15 13 1 0.1 6.9
376k-400k 30 11 1 0.1 16.4
401k-425k 16 3 1 0 32
426k-450k 19 5 1 0 22.8
451k-475k 6 3 0.1 12
476k-500k 15 2 1 0 45
501k-550k 9 0
551k-600k 15 1 0 90
601k-650k 5 2 2 0.1 15
651k-700k 4 1 0 24
701k-750k 2 1 0.1 12
751k-800k 3 0
801k-850k 3 2 1 0.1 9
851k-900k 4 1 0 24
951k-1m 1 0.2 0
1m-1.1m 1 0.2 0
1.1m-1.2m 5 2 0.1 15
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.5m-1.6m 3 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0.2 0
2.25m-2.5m 1 0.2 0
3.5m-4m 1 0

Land 1% 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
26k-50k 1 0
51k-75k 13 7 2 0.1 11.1
76k-100k 14 2 2 0 42
101k-125k 8 2 0 24
126k-150k 9 1 1 0 54
151k-175k 7 2 0 21
176k-200k 4 1 0 24
201k-225k 2 1 0.1 12
276k-300k 1 1 0.2 6
301k-325k 2 0
326k-350k 1 0
401k-425k 1 0
426k-450k 1 0
451k-475k 1 0
501k-550k 1 0.2 0
551k-600k 1 0.2 0
651k-700k 1 0
801k-850k 2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0.2 0
4.5m-5m 1 0
14.01m-15m 1 0