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 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 0.5 0
101k-125k 2 4 1 0.3 3
126k-150k 2 8 2 0.7 1.5
151k-175k 17 6 2.8 0
176k-200k 4 22 6 0.9 1.1
201k-225k 11 19 4 0.3 3.5
226k-250k 21 27 3 0.2 4.7
251k-275k 21 37 6 0.3 3.4
276k-300k 30 59 5 0.3 3.1
301k-325k 29 79 10 0.5 2.2
326k-350k 45 104 11 0.4 2.6
351k-375k 44 89 13 0.3 3
376k-400k 63 152 19 0.4 2.5
401k-425k 50 84 8 0.3 3.6
426k-450k 55 119 10 0.4 2.8
451k-475k 42 84 13 0.3 3
476k-500k 80 94 16 0.2 5.1
501k-550k 93 116 15 0.2 4.8
551k-600k 106 115 15 0.2 5.5
601k-650k 71 106 19 0.2 4
651k-700k 75 92 14 0.2 4.9
701k-750k 56 76 8 0.2 4.4
751k-800k 68 67 7 0.2 6.1
801k-850k 38 48 6 0.2 4.8
851k-900k 33 49 6 0.2 4
901k-950k 24 52 7 0.4 2.8
951k-1m 29 46 9 0.3 3.8
1m-1.1m 44 48 6 0.2 5.5
1.1m-1.2m 29 48 7 0.3 3.6
1.2m-1.3m 34 43 5 0.2 4.7
1.3m-1.4m 25 29 4 0.2 5.2
1.4m-1.5m 28 26 1 0.2 6.5
1.5m-1.6m 13 24 2 0.3 3.3
1.6m-1.7m 23 25 5 0.2 5.5
1.7m-1.8m 26 16 1 0.1 9.8
1.8m-1.9m 17 20 2 0.2 5.1
1.9m-2m 26 5 0 31.2
2m-2.25m 19 19 1 0.2 6
2.25m-2.5m 27 17 1 0.1 9.5
2.5m-2.75m 15 12 3 0.1 7.5
2.75m-3m 24 13 2 0.1 11.1
3m-3.5m 22 15 1 0.1 8.8
3.5m-4m 22 18 3 0.1 7.3
4m-4.5m 12 7 1 0.1 10.3
4.5m-5m 16 2 1 0 48
5.01m-6m 19 3 0 38
6.01m-7m 14 0
7.01m-8m 8 3 0.1 16
8.01m-9m 6 0
9.01m-10m 2 3 1 0.3 4
10.01m-11m 3 0
11.01m-12m 3 0
13.01m-14m 1 0
14.01m-15m 2 1 0.1 12
15.01m-16m 2 0
17.01m-18m 2 0
18.01m-19m 4 0
19.01m-20m 1 0
22.01m-23m 1 0
25.01m-26m 1 0
27.01m-28m 1 0
29.01m-30m 1 0

Townhouses 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
51k-75k 1 0
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 1 0
151k-175k 5 2 2 0.1 15
176k-200k 5 3 0.1 10
201k-225k 1 1 0.2 6
226k-250k 1 9 3 1.5 0.7
251k-275k 21 9 2 0.1 14
276k-300k 2 2 0.2 6
301k-325k 8 21 1 0.4 2.3
326k-350k 12 12 2 0.2 6
351k-375k 14 19 1 0.2 4.4
376k-400k 25 10 0.1 15
401k-425k 7 6 1 0.1 7
426k-450k 3 18 4 1 1
451k-475k 2 6 0.5 2
476k-500k 2 12 1 1 1
501k-550k 3 11 1 0.6 1.6
551k-600k 2 1 0.1 12
601k-650k 2 0
651k-700k 2 5 0.4 2.4
701k-750k 3 1 0.1 18
751k-800k 2 2 1 0.2 6
801k-850k 1 2 0.3 3
851k-900k 2 0
901k-950k 1 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 2 2 0.2 6
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 6
1.8m-1.9m 2 1 0.1 12
2m-2.25m 1 0
2.75m-3m 3 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
1k-25k 2 1 0.1 12
26k-50k 2 1 0.3 0
51k-75k 2 2 0.2 6
76k-100k 6 9 3 0.3 4
101k-125k 7 18 4 0.4 2.3
126k-150k 19 31 7 0.3 3.7
151k-175k 26 37 6 0.2 4.2
176k-200k 62 37 4 0.1 10.1
201k-225k 49 39 5 0.1 7.5
226k-250k 45 44 7 0.2 6.1
251k-275k 48 19 3 0.1 15.2
276k-300k 48 29 3 0.1 9.9
301k-325k 23 26 3 0.2 5.3
326k-350k 30 19 2 0.1 9.5
351k-375k 17 21 2 0.2 4.9
376k-400k 23 15 3 0.1 9.2
401k-425k 7 13 0.3 3.2
426k-450k 23 15 0.1 9.2
451k-475k 17 10 1 0.1 10.2
476k-500k 22 2 0 66
501k-550k 33 17 2 0.1 11.6
551k-600k 26 18 1 0.1 8.7
601k-650k 24 18 1 0.1 8
651k-700k 29 8 3 0 21.8
701k-750k 20 7 2 0.1 17.1
751k-800k 21 2 0 63
801k-850k 11 8 1 0.1 8.3
851k-900k 13 8 0.1 9.8
901k-950k 9 7 0.1 7.7
951k-1m 13 3 0 26
1m-1.1m 13 11 1 0.1 7.1
1.1m-1.2m 18 18 3 0.2 6
1.2m-1.3m 7 10 0.2 4.2
1.3m-1.4m 16 3 0 32
1.4m-1.5m 11 7 1 0.1 9.4
1.5m-1.6m 11 2 0 33
1.6m-1.7m 8 2 1 0 24
1.7m-1.8m 6 5 0.1 7.2
1.8m-1.9m 2 2 0.2 6
1.9m-2m 6 6 0.2 6
2m-2.25m 5 3 0.1 10
2.25m-2.5m 12 9 1 0.1 8
2.5m-2.75m 7 3 0.1 14
2.75m-3m 7 4 1 0.1 10.5
3m-3.5m 12 2 1 0 36
3.5m-4m 8 4 0.1 12
4m-4.5m 7 5 0.1 8.4
4.5m-5m 6 0
5.01m-6m 10 1 1 0 60
6.01m-7m 3 0
7.01m-8m 4 0
8.01m-9m 7 0
9.01m-10m 2 0
10.01m-11m 1 0
14.01m-15m 1 0

Land 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
26k-50k 1 2 0.3 3
51k-75k 2 6 0.5 2
76k-100k 4 7 5 0.3 3.4
101k-125k 3 0
126k-150k 5 3 2 0.1 10
151k-175k 3 3 1 0.2 6
176k-200k 10 3 0.1 20
201k-225k 6 0
226k-250k 5 3 0.1 10
251k-275k 5 1 0 30
276k-300k 5 2 0.1 15
301k-325k 2 1 0.1 12
326k-350k 1 2 0.3 3
351k-375k 2 0.3 0
376k-400k 1 1 0.2 6
401k-425k 1 0
426k-450k 6 0
451k-475k 1 0
476k-500k 3 2 0.1 9
501k-550k 2 0
551k-600k 7 1 1 0 42
601k-650k 3 1 0.1 18
651k-700k 3 2 0.1 9
701k-750k 7 1 0 42
751k-800k 6 0
801k-850k 2 1 1 0.1 12
851k-900k 8 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 2 2 1 0.2 6
1.1m-1.2m 5 1 1 0 30
1.2m-1.3m 6 3 0.1 12
1.3m-1.4m 6 1 0 36
1.4m-1.5m 5 0
1.5m-1.6m 5 0
1.6m-1.7m 1 0
1.7m-1.8m 3 1 0.1 18
1.8m-1.9m 1 0
1.9m-2m 3 0
2m-2.25m 3 1 0.1 18
2.25m-2.5m 7 1 0 42
2.5m-2.75m 3 0
2.75m-3m 2 0
3m-3.5m 5 0
3.5m-4m 4 0
4m-4.5m 2 0
4.5m-5m 3 0
5.01m-6m 6 0
6.01m-7m 3 0
8.01m-9m 3 0
9.01m-10m 1 0
11.01m-12m 1 0
16.01m-17m 1 0