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 2 0.5 0
101k-125k 7 1 1.2 0
126k-150k 1 5 0.8 1.2
151k-175k 1 20 4 3.3 0.3
176k-200k 7 25 4 0.6 1.7
201k-225k 11 16 3 0.2 4.1
226k-250k 22 27 7 0.2 4.9
251k-275k 12 35 7 0.5 2.1
276k-300k 30 59 9 0.3 3.1
301k-325k 42 78 14 0.3 3.2
326k-350k 41 94 15 0.4 2.6
351k-375k 42 90 16 0.4 2.8
376k-400k 69 126 19 0.3 3.3
401k-425k 37 66 9 0.3 3.4
426k-450k 65 106 16 0.3 3.7
451k-475k 48 74 13 0.3 3.9
476k-500k 71 89 13 0.2 4.8
501k-550k 92 108 24 0.2 5.1
551k-600k 90 121 19 0.2 4.5
601k-650k 74 112 12 0.3 4
651k-700k 59 83 8 0.2 4.3
701k-750k 49 71 12 0.2 4.1
751k-800k 66 57 11 0.1 6.9
801k-850k 32 50 6 0.3 3.8
851k-900k 26 49 10 0.3 3.2
901k-950k 26 45 7 0.3 3.5
951k-1m 33 34 2 0.2 5.8
1m-1.1m 35 43 5 0.2 4.9
1.1m-1.2m 33 45 7 0.2 4.4
1.2m-1.3m 27 39 4 0.2 4.2
1.3m-1.4m 29 30 7 0.2 5.8
1.4m-1.5m 30 19 1 0.1 9.5
1.5m-1.6m 21 21 3 0.2 6
1.6m-1.7m 17 20 2 0.2 5.1
1.7m-1.8m 28 11 0.1 15.3
1.8m-1.9m 12 17 3 0.2 4.2
1.9m-2m 15 5 2 0.1 18
2m-2.25m 23 16 4 0.1 8.6
2.25m-2.5m 31 14 4 0.1 13.3
2.5m-2.75m 17 11 3 0.1 9.3
2.75m-3m 21 10 1 0.1 12.6
3m-3.5m 28 13 3 0.1 12.9
3.5m-4m 29 15 1 0.1 11.6
4m-4.5m 15 8 3 0.1 11.3
4.5m-5m 19 1 0 114
5.01m-6m 22 2 1 0 66
6.01m-7m 11 0
7.01m-8m 6 2 0.1 18
8.01m-9m 4 1 1 0 24
9.01m-10m 5 3 0.1 10
10.01m-11m 4 0
11.01m-12m 3 0
12.01m-13m 1 0
13.01m-14m 1 0
14.01m-15m 2 0
15.01m-16m 3 0
17.01m-18m 1 0
18.01m-19m 5 0
19.01m-20m 1 0
21.01m-22m 1 0
24.01m-25m 1 0
25.01m-26m 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
76k-100k 1 0.2 0
101k-125k 1 0.2 0
126k-150k 2 3 2 0.3 4
151k-175k 5 2 0.1 15
176k-200k 6 2 0.1 18
201k-225k 1 0.2 0
226k-250k 10 10 2 0.2 6
251k-275k 3 7 0.4 2.6
276k-300k 6 2 0.1 18
301k-325k 6 21 3 0.6 1.7
326k-350k 16 8 1 0.1 12
351k-375k 17 14 3 0.1 7.3
376k-400k 21 11 3 0.1 11.5
401k-425k 2 5 1 0.4 2.4
426k-450k 7 13 1 0.3 3.2
451k-475k 1 6 1 1 1
476k-500k 1 11 1.8 0.5
501k-550k 3 8 0.4 2.3
551k-600k 2 1 0.1 12
651k-700k 5 6 1 0.2 5
701k-750k 1 1 0.2 6
751k-800k 4 1 0 24
801k-850k 1 1 0.2 6
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 2 0
1m-1.1m 1 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 2 0
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 3 0.5 0
51k-75k 4 2 0.1 12
76k-100k 3 9 2 0.5 2
101k-125k 8 23 6 0.5 2.1
126k-150k 16 33 3 0.3 2.9
151k-175k 31 36 7 0.2 5.2
176k-200k 62 43 11 0.1 8.7
201k-225k 47 33 9 0.1 8.5
226k-250k 48 43 7 0.1 6.7
251k-275k 45 22 4 0.1 12.3
276k-300k 54 31 5 0.1 10.5
301k-325k 31 21 4 0.1 8.9
326k-350k 39 19 2 0.1 12.3
351k-375k 15 19 3 0.2 4.7
376k-400k 19 14 1 0.1 8.1
401k-425k 12 14 2 0.2 5.1
426k-450k 21 14 3 0.1 9
451k-475k 12 7 0.1 10.3
476k-500k 22 2 0 66
501k-550k 31 9 0 20.7
551k-600k 28 12 1 0.1 14
601k-650k 28 18 3 0.1 9.3
651k-700k 27 9 2 0.1 18
701k-750k 18 8 3 0.1 13.5
751k-800k 20 2 1 0 60
801k-850k 12 7 1 0.1 10.3
851k-900k 14 6 2 0.1 14
901k-950k 8 6 0.1 8
951k-1m 15 4 2 0 22.5
1m-1.1m 15 7 0.1 12.9
1.1m-1.2m 16 20 2 0.2 4.8
1.2m-1.3m 8 8 2 0.2 6
1.3m-1.4m 21 4 0 31.5
1.4m-1.5m 13 4 0.1 19.5
1.5m-1.6m 11 1 0 66
1.6m-1.7m 7 2 0 21
1.7m-1.8m 7 6 1 0.1 7
1.8m-1.9m 2 1 1 0.1 12
1.9m-2m 8 5 0.1 9.6
2m-2.25m 7 3 1 0.1 14
2.25m-2.5m 13 5 0.1 15.6
2.5m-2.75m 5 1 0 30
2.75m-3m 8 1 0 48
3m-3.5m 13 1 0 78
3.5m-4m 9 3 0.1 18
4m-4.5m 9 2 0 27
4.5m-5m 6 1 0 36
5.01m-6m 9 1 0 54
6.01m-7m 3 0
7.01m-8m 4 0
8.01m-9m 5 0
9.01m-10m 2 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 2 3 0.3 4
51k-75k 4 9 3 0.4 2.7
76k-100k 3 7 1 0.4 2.6
101k-125k 1 0
126k-150k 7 2 0 21
151k-175k 4 3 0.1 8
176k-200k 10 1 0 60
201k-225k 2 0
226k-250k 2 2 1 0.2 6
251k-275k 2 1 0.1 12
276k-300k 4 2 0.1 12
301k-325k 2 1 0.1 12
326k-350k 1 3 1 0.5 2
351k-375k 1 0.2 0
376k-400k 3 0
426k-450k 4 0
451k-475k 1 0
476k-500k 9 2 0 27
501k-550k 3 0
551k-600k 6 3 0.1 12
601k-650k 2 1 0.1 12
651k-700k 2 1 0.1 12
701k-750k 9 1 0 54
751k-800k 6 0
801k-850k 1 0.2 0
851k-900k 4 0
901k-950k 4 0
951k-1m 5 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 4 1 0 24
1.2m-1.3m 7 2 0 21
1.3m-1.4m 5 0
1.4m-1.5m 7 0
1.5m-1.6m 4 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0
2m-2.25m 2 1 0.1 12
2.25m-2.5m 7 0
2.5m-2.75m 2 0
2.75m-3m 4 0
3m-3.5m 3 0
3.5m-4m 4 0
4m-4.5m 1 0
4.5m-5m 2 0
5.01m-6m 4 0
6.01m-7m 2 0
7.01m-8m 1 0
8.01m-9m 3 0
11.01m-12m 1 0
16.01m-17m 1 0