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
1k-25k 1 0
76k-100k 2 0.3 0
101k-125k 6 1 0
126k-150k 2 5 0.4 2.4
151k-175k 3 18 1 1 1
176k-200k 6 28 3 0.8 1.3
201k-225k 16 17 2 0.2 5.6
226k-250k 25 33 6 0.2 4.5
251k-275k 22 34 5 0.3 3.9
276k-300k 38 60 12 0.3 3.8
301k-325k 30 72 10 0.4 2.5
326k-350k 62 68 11 0.2 5.5
351k-375k 45 79 8 0.3 3.4
376k-400k 63 103 13 0.3 3.7
401k-425k 56 73 14 0.2 4.6
426k-450k 57 93 18 0.3 3.7
451k-475k 61 62 13 0.2 5.9
476k-500k 75 77 10 0.2 5.8
501k-550k 104 117 14 0.2 5.3
551k-600k 92 112 16 0.2 4.9
601k-650k 76 95 16 0.2 4.8
651k-700k 71 78 13 0.2 5.5
701k-750k 44 80 12 0.3 3.3
751k-800k 58 56 12 0.2 6.2
801k-850k 31 52 7 0.3 3.6
851k-900k 39 37 2 0.2 6.3
901k-950k 24 32 5 0.2 4.5
951k-1m 35 35 1 0.2 6
1m-1.1m 31 34 6 0.2 5.5
1.1m-1.2m 27 50 10 0.3 3.2
1.2m-1.3m 36 30 5 0.1 7.2
1.3m-1.4m 19 25 1 0.2 4.6
1.4m-1.5m 32 11 0.1 17.5
1.5m-1.6m 17 14 2 0.1 7.3
1.6m-1.7m 26 19 1 0.1 8.2
1.7m-1.8m 24 13 4 0.1 11.1
1.8m-1.9m 9 13 0.2 4.2
1.9m-2m 22 9 3 0.1 14.7
2m-2.25m 40 22 1 0.1 10.9
2.25m-2.5m 45 9 0 30
2.5m-2.75m 24 12 3 0.1 12
2.75m-3m 25 11 1 0.1 13.6
3m-3.5m 32 15 1 0.1 12.8
3.5m-4m 33 17 1 0.1 11.6
4m-4.5m 11 8 1 0.1 8.3
4.5m-5m 25 3 1 0 50
5.01m-6m 32 2 1 0 96
6.01m-7m 17 7 2 0.1 14.6
7.01m-8m 10 1 0 60
8.01m-9m 7 1 0 42
9.01m-10m 5 1 0 30
10.01m-11m 4 1 1 0 24
11.01m-12m 4 0
12.01m-13m 2 0
13.01m-14m 3 0
14.01m-15m 2 0
15.01m-16m 3 0
16.01m-17m 1 0
17.01m-18m 1 0
18.01m-19m 2 0
19.01m-20m 1 0
21.01m-22m 1 0
24.01m-25m 1 0
25.01m-26m 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
76k-100k 1 1 0.2 0
101k-125k 1 1 1 0.2 6
126k-150k 3 6 3 0.3 3
151k-175k 5 5 0.2 6
176k-200k 5 1 1 0 30
201k-225k 1 0.2 0
226k-250k 6 27 12 0.8 1.3
251k-275k 9 8 2 0.1 6.8
276k-300k 10 1 0 60
301k-325k 10 15 3 0.3 4
326k-350k 27 14 1 0.1 11.6
351k-375k 15 14 1 0.2 6.4
376k-400k 24 10 1 0.1 14.4
401k-425k 3 6 0.3 3
426k-450k 5 8 1 0.3 3.8
451k-475k 1 1 0.2 6
476k-500k 4 4 0.2 6
501k-550k 3 2 0.1 9
551k-600k 5 1 1 0 30
601k-650k 1 1 0.2 0
651k-700k 3 0.5 0
701k-750k 4 1 0 24
751k-800k 3 1 0.1 18
801k-850k 2 1 0.1 12
851k-900k 2 0
901k-950k 1 0.2 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 4 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 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 2 0.3 3
51k-75k 4 3 1 0.1 8
76k-100k 4 6 0.3 4
101k-125k 5 25 4 0.8 1.2
126k-150k 20 28 5 0.2 4.3
151k-175k 40 40 7 0.2 6
176k-200k 61 46 6 0.1 8
201k-225k 52 34 5 0.1 9.2
226k-250k 50 46 9 0.2 6.5
251k-275k 65 30 10 0.1 13
276k-300k 70 23 3 0.1 18.3
301k-325k 36 22 6 0.1 9.8
326k-350k 31 9 2 0 20.7
351k-375k 19 16 2 0.1 7.1
376k-400k 25 10 0.1 15
401k-425k 14 10 2 0.1 8.4
426k-450k 22 6 1 0 22
451k-475k 17 10 2 0.1 10.2
476k-500k 23 2 0 69
501k-550k 38 7 0 32.6
551k-600k 44 14 5 0.1 18.9
601k-650k 23 17 3 0.1 8.1
651k-700k 41 9 0 27.3
701k-750k 18 14 5 0.1 7.7
751k-800k 28 7 3 0 24
801k-850k 18 4 0 27
851k-900k 20 6 3 0.1 20
901k-950k 12 4 1 0.1 18
951k-1m 20 5 0 24
1m-1.1m 15 10 1 0.1 9
1.1m-1.2m 23 10 1 0.1 13.8
1.2m-1.3m 22 6 2 0 22
1.3m-1.4m 23 4 1 0 34.5
1.4m-1.5m 21 3 1 0 42
1.5m-1.6m 12 2 0 36
1.6m-1.7m 13 2 0 39
1.7m-1.8m 11 2 0 33
1.8m-1.9m 6 3 1 0.1 12
1.9m-2m 10 2 1 0 30
2m-2.25m 6 3 2 0.1 12
2.25m-2.5m 17 4 1 0 25.5
2.5m-2.75m 8 0
2.75m-3m 12 3 1 0 24
3m-3.5m 14 4 1 0 21
3.5m-4m 13 2 2 0 39
4m-4.5m 15 0
4.5m-5m 10 1 0 60
5.01m-6m 13 1 0 78
6.01m-7m 9 2 2 0 27
7.01m-8m 5 0
8.01m-9m 4 0
9.01m-10m 2 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 4 1 0.3 3
51k-75k 7 4 0.1 10.5
76k-100k 1 7 1.2 0.9
101k-125k 1 2 0.3 3
126k-150k 8 2 0 24
151k-175k 5 2 0.1 15
176k-200k 4 1 0 24
201k-225k 3 0
226k-250k 4 1 0 24
251k-275k 1 1 0.2 6
276k-300k 4 2 0.1 12
301k-325k 3 0
326k-350k 1 0.2 0
351k-375k 2 0
376k-400k 3 2 2 0.1 9
426k-450k 4 0
451k-475k 1 0
476k-500k 11 0
501k-550k 4 3 2 0.1 8
551k-600k 8 5 0.1 9.6
601k-650k 3 1 1 0.1 18
651k-700k 2 1 1 0.1 12
701k-750k 6 0
751k-800k 1 0
801k-850k 2 2 0.2 6
851k-900k 2 0
901k-950k 4 1 1 0 24
951k-1m 8 1 1 0 48
1m-1.1m 2 1 0.1 12
1.1m-1.2m 3 2 0.1 9
1.2m-1.3m 6 0
1.3m-1.4m 7 1 0 42
1.4m-1.5m 4 0
1.5m-1.6m 2 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 2 0.3 3
1.9m-2m 4 1 0 24
2m-2.25m 3 1 0.1 18
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 0
2.75m-3m 2 1 1 0.1 12
3m-3.5m 3 0
3.5m-4m 2 0
4m-4.5m 1 0
4.5m-5m 5 0
5.01m-6m 4 0
6.01m-7m 2 0
7.01m-8m 1 0
8.01m-9m 3 0
9.01m-10m 1 1 0.2 6
11.01m-12m 1 0
16.01m-17m 1 0