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 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 0.2 0
126k-150k 1 0
176k-200k 3 1 1 0.1 18
201k-225k 1 5 0.8 1.2
226k-250k 3 13 3 0.7 1.4
251k-275k 11 14 5 0.2 4.7
276k-300k 18 30 5 0.3 3.6
301k-325k 19 31 7 0.3 3.7
326k-350k 49 42 11 0.1 7
351k-375k 35 59 10 0.3 3.6
376k-400k 67 70 17 0.2 5.7
401k-425k 41 59 9 0.2 4.2
426k-450k 60 38 6 0.1 9.5
451k-475k 50 53 7 0.2 5.7
476k-500k 84 56 14 0.1 9
501k-550k 92 80 19 0.1 6.9
551k-600k 84 78 22 0.2 6.5
601k-650k 48 51 9 0.2 5.6
651k-700k 41 44 8 0.2 5.6
701k-750k 26 38 3 0.2 4.1
751k-800k 28 32 10 0.2 5.3
801k-850k 25 32 5 0.2 4.7
851k-900k 15 24 5 0.3 3.8
901k-950k 8 12 4 0.3 4
951k-1m 12 10 2 0.1 7.2
1m-1.1m 9 13 3 0.2 4.2
1.1m-1.2m 8 14 3 0.3 3.4
1.2m-1.3m 7 6 0.1 7
1.3m-1.4m 2 5 0.4 2.4
1.4m-1.5m 2 3 1 0.3 4
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 3 1 0.5 2
1.9m-2m 1 1 0.2 6
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 0.3 0
2.5m-2.75m 4 0
3m-3.5m 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
176k-200k 1 1 0.2 0
201k-225k 1 1 0.2 0
226k-250k 2 0
251k-275k 3 0
276k-300k 1 0
326k-350k 2 2 1 0.2 6
351k-375k 7 4 0.1 10.5
376k-400k 3 0
401k-425k 2 0
426k-450k 2 0
476k-500k 1 0
551k-600k 1 0
751k-800k 1 0.2 0
1.3m-1.4m 1 0.2 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
126k-150k 1 2 0.3 3
151k-175k 2 4 1 0.3 3
176k-200k 19 8 3 0.1 14.3
201k-225k 8 13 3 0.3 3.7
226k-250k 26 16 5 0.1 9.8
251k-275k 44 28 7 0.1 9.4
276k-300k 42 33 6 0.1 7.6
301k-325k 38 18 3 0.1 12.7
326k-350k 31 20 4 0.1 9.3
351k-375k 20 9 0.1 13.3
376k-400k 16 13 2 0.1 7.4
401k-425k 19 3 2 0 38
426k-450k 13 7 2 0.1 11.1
451k-475k 13 9 2 0.1 8.7
476k-500k 9 10 2 0.2 5.4
501k-550k 9 5 1 0.1 10.8
551k-600k 7 11 2 0.3 3.8
601k-650k 9 4 2 0.1 13.5
651k-700k 8 3 0.1 16
701k-750k 3 7 1 0.4 2.6
751k-800k 2 5 0.4 2.4
801k-850k 3 2 1 0.1 9
851k-900k 4 2 1 0.1 12
901k-950k 2 1 1 0.1 12
1m-1.1m 1 1 0.2 0
1.1m-1.2m 2 1 0.3 0
1.2m-1.3m 2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 2 1 0.1 12
2.25m-2.5m 1 0
3m-3.5m 1 0.2 0
3.5m-4m 1 1 0.2 0
4m-4.5m 1 0

Land 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
51k-75k 5 9 3 0.3 3.3
76k-100k 20 10 1 0.1 12
101k-125k 10 4 1 0.1 15
126k-150k 6 3 0.1 12
151k-175k 1 0
176k-200k 2 0
201k-225k 1 0
226k-250k 1 0
251k-275k 2 1 0.3 0
276k-300k 2 0
301k-325k 1 0
351k-375k 1 0.2 0
376k-400k 2 0
401k-425k 1 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0
701k-750k 2 0
751k-800k 1 0
851k-900k 1 0
951k-1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 0
3.5m-4m 1 0