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
26k-50k 1 0
76k-100k 1 1 0.2 0
101k-125k 5 2 0.8 0
126k-150k 2 7 1 0.6 1.7
151k-175k 7 14 4 0.3 3
176k-200k 12 22 3 0.3 3.3
201k-225k 14 16 3 0.2 5.3
226k-250k 22 32 10 0.2 4.1
251k-275k 21 48 12 0.4 2.6
276k-300k 32 61 9 0.3 3.1
301k-325k 31 73 10 0.4 2.5
326k-350k 43 78 16 0.3 3.3
351k-375k 40 93 16 0.4 2.6
376k-400k 70 98 22 0.2 4.3
401k-425k 39 100 24 0.4 2.3
426k-450k 52 104 19 0.3 3
451k-475k 50 69 16 0.2 4.3
476k-500k 66 73 14 0.2 5.4
501k-550k 105 133 28 0.2 4.7
551k-600k 91 129 22 0.2 4.2
601k-650k 66 96 19 0.2 4.1
651k-700k 74 86 18 0.2 5.2
701k-750k 59 81 20 0.2 4.4
751k-800k 46 53 11 0.2 5.2
801k-850k 37 49 8 0.2 4.5
851k-900k 41 38 8 0.2 6.5
901k-950k 31 29 2 0.2 6.4
951k-1m 35 38 5 0.2 5.5
1m-1.1m 34 35 10 0.2 5.8
1.1m-1.2m 42 38 7 0.2 6.6
1.2m-1.3m 25 40 7 0.3 3.8
1.3m-1.4m 26 30 6 0.2 5.2
1.4m-1.5m 27 26 5 0.2 6.2
1.5m-1.6m 21 21 0.2 6
1.6m-1.7m 26 17 4 0.1 9.2
1.7m-1.8m 17 20 4 0.2 5.1
1.8m-1.9m 22 13 3 0.1 10.2
1.9m-2m 35 12 2 0.1 17.5
2m-2.25m 31 28 5 0.2 6.6
2.25m-2.5m 31 18 2 0.1 10.3
2.5m-2.75m 25 18 6 0.1 8.3
2.75m-3m 38 11 3 0 20.7
3m-3.5m 33 25 6 0.1 7.9
3.5m-4m 32 18 6 0.1 10.7
4m-4.5m 28 14 3 0.1 12
4.5m-5m 15 3 1 0 30
5.01m-6m 41 8 2 0 30.8
6.01m-7m 12 7 0.1 10.3
7.01m-8m 18 4 1 0 27
8.01m-9m 5 1 0 30
9.01m-10m 4 1 0 24
10.01m-11m 2 1 0.1 12
11.01m-12m 6 0
12.01m-13m 6 0
13.01m-14m 4 0
14.01m-15m 3 1 0.1 18
15.01m-16m 1 1 1 0.2 6
16.01m-17m 1 0
17.01m-18m 1 0
18.01m-19m 4 0
19.01m-20m 2 0
21.01m-22m 2 0
25.01m-26m 1 0
26.01m-27m 1 0
29.01m-30m 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 0.2 0
101k-125k 1 3 1 0.5 2
126k-150k 6 1 0
151k-175k 5 5 0.2 6
176k-200k 4 1 0 24
201k-225k 2 0
226k-250k 3 28 1.6 0.6
251k-275k 13 5 1 0.1 15.6
276k-300k 22 6 3 0 22
301k-325k 11 15 3 0.2 4.4
326k-350k 25 21 4 0.1 7.1
351k-375k 32 20 3 0.1 9.6
376k-400k 18 8 1 0.1 13.5
401k-425k 4 6 3 0.3 4
426k-450k 4 3 0.1 8
451k-475k 5 1 0 30
476k-500k 3 1 1 0.1 18
501k-550k 3 2 0.1 9
551k-600k 2 2 0.2 6
601k-650k 2 0.3 0
651k-700k 4 6 0.3 4
701k-750k 2 3 1 0.3 4
751k-800k 3 0
801k-850k 2 1 0.1 12
851k-900k 4 0
901k-950k 1 0
951k-1m 5 1 0 30
1m-1.1m 1 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0.2 0
1.4m-1.5m 1 0
1.5m-1.6m 2 0
1.6m-1.7m 2 0
1.7m-1.8m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
4m-4.5m 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 1 1 0.2 6
51k-75k 4 2 0.1 12
76k-100k 6 5 2 0.1 7.2
101k-125k 7 21 6 0.5 2
126k-150k 31 34 9 0.2 5.5
151k-175k 53 47 9 0.1 6.8
176k-200k 63 42 11 0.1 9
201k-225k 56 41 10 0.1 8.2
226k-250k 81 52 10 0.1 9.3
251k-275k 52 47 11 0.2 6.6
276k-300k 58 25 8 0.1 13.9
301k-325k 33 28 9 0.1 7.1
326k-350k 40 13 5 0.1 18.5
351k-375k 14 24 6 0.3 3.5
376k-400k 20 11 2 0.1 10.9
401k-425k 15 11 4 0.1 8.2
426k-450k 25 11 5 0.1 13.6
451k-475k 21 14 3 0.1 9
476k-500k 29 15 5 0.1 11.6
501k-550k 23 24 8 0.2 5.8
551k-600k 44 22 5 0.1 12
601k-650k 34 27 5 0.1 7.6
651k-700k 36 11 0.1 19.6
701k-750k 19 12 2 0.1 9.5
751k-800k 25 10 3 0.1 15
801k-850k 20 10 3 0.1 12
851k-900k 12 11 3 0.2 6.5
901k-950k 13 3 0 26
951k-1m 25 9 3 0.1 16.7
1m-1.1m 14 16 2 0.2 5.3
1.1m-1.2m 24 19 3 0.1 7.6
1.2m-1.3m 27 14 2 0.1 11.6
1.3m-1.4m 23 10 3 0.1 13.8
1.4m-1.5m 14 10 3 0.1 8.4
1.5m-1.6m 10 2 1 0 30
1.6m-1.7m 10 7 2 0.1 8.6
1.7m-1.8m 8 2 1 0 24
1.8m-1.9m 9 8 1 0.1 6.8
1.9m-2m 11 6 2 0.1 11
2m-2.25m 13 9 6 0.1 8.7
2.25m-2.5m 17 9 4 0.1 11.3
2.5m-2.75m 9 5 1 0.1 10.8
2.75m-3m 10 5 1 0.1 12
3m-3.5m 14 5 0.1 16.8
3.5m-4m 10 3 0.1 20
4m-4.5m 13 1 0 78
4.5m-5m 10 2 1 0 30
5.01m-6m 9 0
6.01m-7m 8 2 0 24
7.01m-8m 7 1 1 0 42
8.01m-9m 5 0
9.01m-10m 1 0
10.01m-11m 1 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 5 2 0.4 2.4
51k-75k 2 4 0.3 3
76k-100k 2 1 0.1 12
101k-125k 9 3 0.1 18
126k-150k 6 2 0.1 18
151k-175k 6 1 0 36
176k-200k 2 3 0.3 4
201k-225k 3 2 2 0.1 9
226k-250k 5 0
251k-275k 1 1 0.2 0
276k-300k 5 4 0.1 7.5
301k-325k 1 1 0.2 6
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 1 2 0.3 3
401k-425k 5 2 0.1 15
426k-450k 5 5 0.2 6
451k-475k 1 2 0.3 3
476k-500k 2 1 0.1 12
501k-550k 2 3 0.3 4
551k-600k 6 2 0.1 18
601k-650k 2 1 0.1 12
651k-700k 1 2 0.3 3
701k-750k 3 2 0.1 9
751k-800k 6 2 1 0.1 18
801k-850k 2 1 0.1 12
851k-900k 1 0
901k-950k 4 2 0.1 12
951k-1m 6 2 0.1 18
1m-1.1m 3 1 0.1 18
1.1m-1.2m 4 1 0 24
1.2m-1.3m 4 0
1.3m-1.4m 4 2 0.1 12
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 4 1 0 24
1.6m-1.7m 1 2 0.3 3
1.7m-1.8m 5 0
1.8m-1.9m 1 1 0.2 6
1.9m-2m 4 3 0.1 8
2m-2.25m 1 1 0.2 6
2.25m-2.5m 2 2 0.2 6
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18
3m-3.5m 1 0
3.5m-4m 3 1 1 0.1 18
4m-4.5m 1 0
4.5m-5m 3 2 1 0.1 9
5.01m-6m 2 0
6.01m-7m 3 0
7.01m-8m 2 1 1 0.1 12
8.01m-9m 1 0
9.01m-10m 1 1 0.2 6
16.01m-17m 1 0