Supply & Demand in Sarasota, 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 2 0.3 0
101k-125k 6 1 0
126k-150k 1 6 1 1 1
151k-175k 1 22 3 3.7 0.3
176k-200k 8 25 5 0.5 1.9
201k-225k 18 14 2 0.1 7.7
226k-250k 20 32 4 0.3 3.8
251k-275k 19 30 3 0.3 3.8
276k-300k 38 56 10 0.2 4.1
301k-325k 29 81 10 0.5 2.1
326k-350k 61 72 6 0.2 5.1
351k-375k 46 85 15 0.3 3.2
376k-400k 57 117 16 0.3 2.9
401k-425k 42 68 7 0.3 3.7
426k-450k 68 97 11 0.2 4.2
451k-475k 64 72 8 0.2 5.3
476k-500k 69 79 8 0.2 5.2
501k-550k 92 114 23 0.2 4.8
551k-600k 86 110 18 0.2 4.7
601k-650k 77 108 13 0.2 4.3
651k-700k 60 74 10 0.2 4.9
701k-750k 48 75 15 0.3 3.8
751k-800k 60 53 10 0.1 6.8
801k-850k 29 46 6 0.3 3.8
851k-900k 21 44 6 0.3 2.9
901k-950k 30 35 1 0.2 5.1
951k-1m 37 33 5 0.1 6.7
1m-1.1m 32 35 3 0.2 5.5
1.1m-1.2m 30 48 5 0.3 3.8
1.2m-1.3m 22 33 4 0.3 4
1.3m-1.4m 32 30 4 0.2 6.4
1.4m-1.5m 26 19 3 0.1 8.2
1.5m-1.6m 19 17 2 0.1 6.7
1.6m-1.7m 26 18 2 0.1 8.7
1.7m-1.8m 29 12 4 0.1 14.5
1.8m-1.9m 12 16 3 0.2 4.5
1.9m-2m 16 8 2 0.1 12
2m-2.25m 25 18 5 0.1 8.3
2.25m-2.5m 46 10 2 0 27.6
2.5m-2.75m 18 10 1 0.1 10.8
2.75m-3m 21 11 1 0.1 11.5
3m-3.5m 33 13 3 0.1 15.2
3.5m-4m 28 19 5 0.1 8.8
4m-4.5m 16 8 1 0.1 12
4.5m-5m 15 2 1 0 45
5.01m-6m 26 2 0 78
6.01m-7m 12 3 2 0 24
7.01m-8m 10 1 0 60
8.01m-9m 3 1 0.1 18
9.01m-10m 5 3 0.1 10
10.01m-11m 4 0
11.01m-12m 2 0
12.01m-13m 2 0
13.01m-14m 1 0
14.01m-15m 4 0
15.01m-16m 2 0
17.01m-18m 1 0
18.01m-19m 4 0
21.01m-22m 2 0
24.01m-25m 1 0
26.01m-27m 1 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
126k-150k 1 3 0.5 2
151k-175k 3 3 0.2 6
176k-200k 3 1 0.1 18
201k-225k 1 0.2 0
226k-250k 10 13 4 0.2 4.6
251k-275k 6 7 1 0.2 5.1
276k-300k 6 2 0.1 18
301k-325k 11 15 0.2 4.4
326k-350k 20 13 3 0.1 9.2
351k-375k 11 16 4 0.2 4.1
376k-400k 21 10 2 0.1 12.6
401k-425k 3 6 1 0.3 3
426k-450k 5 10 0.3 3
451k-475k 1 4 0.7 1.5
476k-500k 1 6 1 1
501k-550k 4 6 1 0.3 4
551k-600k 5 0
651k-700k 4 4 1 0.2 6
701k-750k 2 1 0.1 12
751k-800k 1 1 0.2 6
801k-850k 3 1 1 0.1 18
851k-900k 3 0
901k-950k 1 0.2 0
951k-1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.7m-1.8m 1 0
1.8m-1.9m 2 0
2m-2.25m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0

Condos % 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 2 0
26k-50k 1 3 0.5 2
51k-75k 4 3 1 0.1 8
76k-100k 3 7 0.4 2.6
101k-125k 5 24 5 0.8 1.3
126k-150k 18 29 5 0.3 3.7
151k-175k 37 34 6 0.2 6.5
176k-200k 62 42 5 0.1 8.9
201k-225k 41 34 7 0.1 7.2
226k-250k 54 42 8 0.1 7.7
251k-275k 51 22 4 0.1 13.9
276k-300k 71 25 2 0.1 17
301k-325k 29 20 2 0.1 8.7
326k-350k 41 14 0.1 17.6
351k-375k 19 18 3 0.2 6.3
376k-400k 25 15 1 0.1 10
401k-425k 13 11 2 0.1 7.1
426k-450k 18 12 1 0.1 9
451k-475k 11 10 2 0.2 6.6
476k-500k 29 4 0 43.5
501k-550k 27 9 4 0.1 18
551k-600k 39 13 5 0.1 18
601k-650k 26 16 4 0.1 9.8
651k-700k 39 10 1 0 23.4
701k-750k 18 9 2 0.1 12
751k-800k 24 3 0 48
801k-850k 16 5 1 0.1 19.2
851k-900k 15 3 1 0 30
901k-950k 10 5 0.1 12
951k-1m 16 6 1 0.1 16
1m-1.1m 14 6 4 0.1 14
1.1m-1.2m 20 19 1 0.2 6.3
1.2m-1.3m 13 6 2 0.1 13
1.3m-1.4m 27 3 0 54
1.4m-1.5m 18 4 1 0 27
1.5m-1.6m 16 1 1 0 96
1.6m-1.7m 12 2 1 0 36
1.7m-1.8m 10 4 0.1 15
1.8m-1.9m 2 2 1 0.2 6
1.9m-2m 10 1 0 60
2m-2.25m 10 3 0.1 20
2.25m-2.5m 16 2 1 0 48
2.5m-2.75m 5 0
2.75m-3m 11 2 0 33
3m-3.5m 16 1 0 96
3.5m-4m 10 3 0.1 20
4m-4.5m 11 1 0 66
4.5m-5m 10 1 0 60
5.01m-6m 10 1 0 60
6.01m-7m 5 0
7.01m-8m 7 0
8.01m-9m 3 0
9.01m-10m 3 0
10.01m-11m 1 0
11.01m-12m 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
26k-50k 2 3 0.3 4
51k-75k 3 7 0.4 2.6
76k-100k 2 7 0.6 1.7
101k-125k 1 1 0.2 6
126k-150k 5 2 0.1 15
151k-175k 4 2 0.1 12
176k-200k 9 1 1 0 54
201k-225k 2 0
226k-250k 2 2 0.2 6
251k-275k 4 1 0 24
276k-300k 4 4 2 0.2 6
301k-325k 3 1 0.1 18
326k-350k 1 2 0.3 3
351k-375k 2 1 0.1 12
376k-400k 3 0
401k-425k 1 0
426k-450k 3 0
451k-475k 1 0
476k-500k 11 1 0 66
501k-550k 5 0
551k-600k 7 4 0.1 10.5
601k-650k 2 1 0.1 12
651k-700k 1 0
701k-750k 7 1 0 42
751k-800k 5 0
801k-850k 2 1 0.3 0
851k-900k 3 0
901k-950k 4 0
951k-1m 7 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 4 2 0.1 12
1.2m-1.3m 5 2 0.1 15
1.3m-1.4m 7 1 0 42
1.4m-1.5m 6 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 1 1 1 0.2 6
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 1 1 0 42
2.5m-2.75m 2 0
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 5 0
5.01m-6m 4 0
6.01m-7m 1 0
7.01m-8m 2 0
8.01m-9m 4 0
9.01m-10m 1 0
10.01m-11m 1 0
11.01m-12m 1 0
16.01m-17m 1 0