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 % 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 1 0.2 0
151k-175k 1 1 0.2 0
176k-200k 1 2 0.3 3
201k-225k 2 3 0.3 4
226k-250k 8 6 1 0.1 8
251k-275k 6 12 4 0.3 3
276k-300k 17 27 3 0.3 3.8
301k-325k 13 16 5 0.2 4.9
326k-350k 23 19 7 0.1 7.3
351k-375k 9 15 3 0.3 3.6
376k-400k 24 21 2 0.1 6.9
401k-425k 4 24 6 1 1
426k-450k 19 25 6 0.2 4.6
451k-475k 9 7 2 0.1 7.7
476k-500k 15 15 6 0.2 6
501k-550k 21 13 0.1 9.7
551k-600k 16 11 2 0.1 8.7
601k-650k 10 4 0.1 15
651k-700k 9 1 0 54
701k-750k 2 3 1 0.3 4
751k-800k 4 0
801k-850k 1 0.2 0

Townhouses % 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 3 1 0.1 18
201k-225k 1 1 1 0.2 6
226k-250k 2 1 1 0.1 12
276k-300k 1 0

Condos 3% 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 1 1 0.2 6
101k-125k 4 0
126k-150k 3 2 0.1 9
151k-175k 2 2 0.2 6
176k-200k 7 5 1 0.1 8.4
201k-225k 4 1 0 24
226k-250k 5 0
251k-275k 2 0

Land % 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
1k-25k 92 27 4 0 20.4
26k-50k 244 31 9 0 47.2
51k-75k 99 1 0 594
76k-100k 25 1 0 150
101k-125k 11 0
126k-150k 4 0
151k-175k 7 0
176k-200k 1 0
201k-225k 1 0
226k-250k 1 1 0.2 6
251k-275k 1 1 0.2 6
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
451k-475k 2 0
501k-550k 1 0.2 0
651k-700k 1 0
851k-900k 1 0
1.3m-1.4m 1 0
3m-3.5m 1 0