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
1k-25k 4 0
76k-100k 2 0.3 0
101k-125k 1 2 0.3 3
126k-150k 1 6 1 1
151k-175k 6 11 0.3 3.3
176k-200k 11 25 3 0.4 2.6
201k-225k 15 16 4 0.2 5.6
226k-250k 23 30 3 0.2 4.6
251k-275k 21 38 9 0.3 3.3
276k-300k 34 60 11 0.3 3.4
301k-325k 34 77 13 0.4 2.6
326k-350k 50 71 14 0.2 4.2
351k-375k 29 89 21 0.5 2
376k-400k 64 89 12 0.2 4.3
401k-425k 41 79 20 0.3 3.1
426k-450k 60 92 18 0.3 3.9
451k-475k 51 61 12 0.2 5
476k-500k 52 72 11 0.2 4.3
501k-550k 106 120 20 0.2 5.3
551k-600k 101 106 13 0.2 5.7
601k-650k 59 86 17 0.2 4.1
651k-700k 69 67 8 0.2 6.2
701k-750k 62 68 5 0.2 5.5
751k-800k 55 48 6 0.1 6.9
801k-850k 39 47 4 0.2 5
851k-900k 46 35 4 0.1 7.9
901k-950k 21 26 5 0.2 4.8
951k-1m 31 35 9 0.2 5.3
1m-1.1m 26 28 1 0.2 5.6
1.1m-1.2m 40 43 2 0.2 5.6
1.2m-1.3m 27 33 8 0.2 4.9
1.3m-1.4m 25 27 5 0.2 5.6
1.4m-1.5m 28 16 4 0.1 10.5
1.5m-1.6m 25 19 8 0.1 7.9
1.6m-1.7m 22 13 4 0.1 10.2
1.7m-1.8m 21 12 2 0.1 10.5
1.8m-1.9m 11 11 1 0.2 6
1.9m-2m 27 11 3 0.1 14.7
2m-2.25m 46 24 5 0.1 11.5
2.25m-2.5m 34 15 5 0.1 13.6
2.5m-2.75m 25 15 5 0.1 10
2.75m-3m 31 10 3 0.1 18.6
3m-3.5m 37 21 5 0.1 10.6
3.5m-4m 34 15 3 0.1 13.6
4m-4.5m 24 11 2 0.1 13.1
4.5m-5m 24 2 0 72
5.01m-6m 40 5 2 0 48
6.01m-7m 15 7 0.1 12.9
7.01m-8m 18 3 0 36
8.01m-9m 11 1 0 66
9.01m-10m 3 0
10.01m-11m 5 1 0 30
11.01m-12m 4 0
12.01m-13m 5 0
13.01m-14m 4 0
14.01m-15m 3 1 1 0.1 18
15.01m-16m 1 0
16.01m-17m 1 0
17.01m-18m 1 0
18.01m-19m 3 0
19.01m-20m 2 0
20.01m-21m 1 0
21.01m-22m 1 0
24.01m-25m 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
101k-125k 3 1 0.1 18
126k-150k 1 8 1.3 0.8
151k-175k 4 3 0.1 8
176k-200k 4 1 0 24
201k-225k 4 0
226k-250k 4 26 2 1.1 0.9
251k-275k 12 4 1 0.1 18
276k-300k 9 3 1 0.1 18
301k-325k 9 15 5 0.3 3.6
326k-350k 25 18 4 0.1 8.3
351k-375k 16 19 4 0.2 5.1
376k-400k 25 11 0.1 13.6
401k-425k 4 4 0.2 6
426k-450k 4 4 1 0.2 6
451k-475k 5 2 1 0.1 15
476k-500k 1 1 0.2 6
501k-550k 2 1 0.1 12
551k-600k 5 2 1 0.1 15
601k-650k 2 1 0.3 0
651k-700k 3 4 1 0.2 4.5
701k-750k 1 2 1 0.3 3
751k-800k 1 0
801k-850k 3 1 0.1 18
851k-900k 4 0
951k-1m 3 0
1m-1.1m 4 0
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 2 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2.5m-2.75m 1 0
2.75m-3m 2 0
4m-4.5m 2 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 0
51k-75k 5 3 0.1 10
76k-100k 4 3 2 0.1 8
101k-125k 6 22 1 0.6 1.6
126k-150k 24 29 5 0.2 5
151k-175k 45 41 6 0.2 6.6
176k-200k 66 48 8 0.1 8.3
201k-225k 58 37 7 0.1 9.4
226k-250k 71 50 9 0.1 8.5
251k-275k 71 35 6 0.1 12.2
276k-300k 55 28 6 0.1 11.8
301k-325k 25 25 6 0.2 6
326k-350k 33 11 2 0.1 18
351k-375k 19 17 3 0.1 6.7
376k-400k 24 10 2 0.1 14.4
401k-425k 21 8 0.1 15.8
426k-450k 27 9 3 0.1 18
451k-475k 21 11 2 0.1 11.5
476k-500k 28 5 2 0 33.6
501k-550k 27 12 3 0.1 13.5
551k-600k 45 13 1 0 20.8
601k-650k 26 23 6 0.1 6.8
651k-700k 37 10 2 0 22.2
701k-750k 18 12 0.1 9
751k-800k 28 8 0 21
801k-850k 18 4 1 0 27
851k-900k 27 8 0 20.3
901k-950k 9 5 1 0.1 10.8
951k-1m 20 7 1 0.1 17.1
1m-1.1m 20 10 2 0.1 12
1.1m-1.2m 26 14 6 0.1 11.1
1.2m-1.3m 24 11 4 0.1 13.1
1.3m-1.4m 24 6 2 0 24
1.4m-1.5m 15 6 4 0.1 15
1.5m-1.6m 16 2 0 48
1.6m-1.7m 13 1 0 78
1.7m-1.8m 11 2 0 33
1.8m-1.9m 5 7 1 0.2 4.3
1.9m-2m 11 2 0 33
2m-2.25m 11 4 1 0.1 16.5
2.25m-2.5m 19 3 0 38
2.5m-2.75m 6 3 3 0.1 12
2.75m-3m 15 3 1 0 30
3m-3.5m 15 5 2 0.1 18
3.5m-4m 11 2 0 33
4m-4.5m 15 1 1 0 90
4.5m-5m 9 2 1 0 27
5.01m-6m 14 0
6.01m-7m 6 2 0.1 18
7.01m-8m 7 0
8.01m-9m 3 0
9.01m-10m 3 0
10.01m-11m 1 0
11.01m-12m 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 4 5 1 0.2 4.8
51k-75k 3 7 4 0.4 2.6
76k-100k 1 4 1 0.7 1.5
101k-125k 7 2 0 21
126k-150k 7 2 2 0 21
151k-175k 5 2 0.1 15
176k-200k 2 2 0.2 6
201k-225k 5 0
226k-250k 5 1 0 30
251k-275k 1 0
276k-300k 6 4 2 0.1 9
301k-325k 1 0
326k-350k 2 2 0.2 6
376k-400k 3 2 0.1 9
426k-450k 3 4 3 0.2 4.5
451k-475k 4 1 1 0 24
476k-500k 8 1 1 0 48
501k-550k 2 3 0.3 4
551k-600k 7 5 0.1 8.4
601k-650k 2 1 0.1 12
651k-700k 2 2 0.2 6
701k-750k 3 1 1 0.1 18
751k-800k 6 1 1 0 36
801k-850k 2 1 0.1 12
851k-900k 1 0
901k-950k 3 2 1 0.1 9
951k-1m 3 2 0.1 9
1m-1.1m 3 0
1.1m-1.2m 5 1 0 30
1.2m-1.3m 4 0
1.3m-1.4m 5 2 1 0.1 15
1.4m-1.5m 3 1 1 0.1 18
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 1 2 2 0.3 3
1.7m-1.8m 2 0
1.8m-1.9m 2 2 0.2 6
1.9m-2m 2 2 1 0.2 6
2m-2.25m 3 0
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 4 0
4.5m-5m 4 1 0 24
5.01m-6m 3 0
6.01m-7m 4 0
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 1 0.2 6
16.01m-17m 1 0