Supply & Demand in Venice, 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 0.2 0
126k-150k 2 0.3 0
151k-175k 3 5 1 0.3 3.6
176k-200k 5 12 1 0.4 2.5
201k-225k 6 15 2 0.4 2.4
226k-250k 18 24 3 0.2 4.5
251k-275k 26 36 12 0.2 4.3
276k-300k 36 49 6 0.2 4.4
301k-325k 35 66 14 0.3 3.2
326k-350k 64 83 22 0.2 4.6
351k-375k 66 73 5 0.2 5.4
376k-400k 56 72 14 0.2 4.7
401k-425k 36 58 13 0.3 3.7
426k-450k 51 62 8 0.2 4.9
451k-475k 33 42 8 0.2 4.7
476k-500k 36 44 8 0.2 4.9
501k-550k 66 80 12 0.2 5
551k-600k 52 60 11 0.2 5.2
601k-650k 40 47 10 0.2 5.1
651k-700k 27 30 3 0.2 5.4
701k-750k 19 28 4 0.2 4.1
751k-800k 19 18 5 0.2 6.3
801k-850k 11 17 3 0.3 3.9
851k-900k 17 15 7 0.1 6.8
901k-950k 14 8 2 0.1 10.5
951k-1m 8 8 1 0.2 6
1m-1.1m 9 8 2 0.1 6.8
1.1m-1.2m 5 13 2 0.4 2.3
1.2m-1.3m 7 8 2 0.2 5.3
1.3m-1.4m 2 3 1 0.3 4
1.4m-1.5m 4 8 0.3 3
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 3 0
1.8m-1.9m 1 0
2m-2.25m 2 2 1 0.2 6
2.25m-2.5m 4 1 0 24
2.5m-2.75m 1 1 0.2 6
2.75m-3m 1 0
3.5m-4m 1 0
19.01m-20m 1 0

Townhouses 3% 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
176k-200k 1 1 0.2 0
201k-225k 2 1 0.3 0
226k-250k 2 1 0.1 12
251k-275k 2 1 1 0.1 12
276k-300k 3 3 0.2 6
301k-325k 1 0
326k-350k 9 0
351k-375k 3 0
376k-400k 1 0
401k-425k 1 0
426k-450k 2 0
451k-475k 2 0
476k-500k 1 0
501k-550k 1 1 1 0.2 6
751k-800k 1 0
1.5m-1.6m 1 0.2 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
76k-100k 1 4 1 0.7 1.5
101k-125k 3 8 1 0.4 2.3
126k-150k 11 11 3 0.2 6
151k-175k 23 30 5 0.2 4.6
176k-200k 34 21 6 0.1 9.7
201k-225k 24 20 7 0.1 7.2
226k-250k 36 27 10 0.1 8
251k-275k 26 16 5 0.1 9.8
276k-300k 29 22 6 0.1 7.9
301k-325k 11 9 1 0.1 7.3
326k-350k 22 14 4 0.1 9.4
351k-375k 20 15 3 0.1 8
376k-400k 21 7 3 0.1 18
401k-425k 11 8 2 0.1 8.3
426k-450k 8 4 0.1 12
451k-475k 6 3 0.1 12
476k-500k 9 4 0.1 13.5
501k-550k 15 6 1 0.1 15
551k-600k 8 3 0.1 16
601k-650k 5 2 0.1 15
651k-700k 3 0
701k-750k 1 0.2 0
751k-800k 2 1 0.1 12
801k-850k 2 0
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 2 1 1 0.1 12
1.3m-1.4m 1 0
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 1 1 1 0.2 6
1.7m-1.8m 1 0
2m-2.25m 1 0.2 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
1k-25k 2 0
26k-50k 3 1 0.1 18
51k-75k 9 3 2 0.1 18
76k-100k 18 3 0 36
101k-125k 9 0
126k-150k 8 0
151k-175k 3 0
176k-200k 4 0
226k-250k 4 1 0 24
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 1 2 0.3 3
701k-750k 2 1 1 0.1 12
751k-800k 2 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 2 0
3.5m-4m 1 0
19.01m-20m 1 0