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 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
101k-125k 2 0.3 0
126k-150k 4 0.7 0
151k-175k 2 4 0.3 3
176k-200k 5 13 3 0.4 2.3
201k-225k 5 18 2 0.6 1.7
226k-250k 11 20 4 0.3 3.3
251k-275k 13 41 4 0.5 1.9
276k-300k 46 51 7 0.2 5.4
301k-325k 25 86 12 0.6 1.7
326k-350k 57 98 10 0.3 3.5
351k-375k 65 88 14 0.2 4.4
376k-400k 57 81 15 0.2 4.2
401k-425k 45 72 11 0.3 3.8
426k-450k 51 57 12 0.2 5.4
451k-475k 35 42 10 0.2 5
476k-500k 39 45 7 0.2 5.2
501k-550k 63 71 12 0.2 5.3
551k-600k 59 60 9 0.2 5.9
601k-650k 34 58 8 0.3 3.5
651k-700k 39 42 7 0.2 5.6
701k-750k 21 34 6 0.3 3.7
751k-800k 16 23 1 0.2 4.2
801k-850k 8 20 3 0.4 2.4
851k-900k 6 14 1 0.4 2.6
901k-950k 9 8 1 0.1 6.8
951k-1m 8 6 2 0.1 8
1m-1.1m 1 17 2 2.8 0.4
1.1m-1.2m 6 14 3 0.4 2.6
1.2m-1.3m 2 9 2 0.8 1.3
1.3m-1.4m 5 4 0.1 7.5
1.4m-1.5m 4 11 5 0.5 2.2
1.5m-1.6m 1 0
1.6m-1.7m 1 1 0.2 0
1.7m-1.8m 1 2 0.3 3
1.9m-2m 1 1 0.2 6
2m-2.25m 1 0.2 0
2.25m-2.5m 2 3 0.3 4
2.5m-2.75m 3 2 1 0.1 9
2.75m-3m 1 1 0.2 6
3m-3.5m 1 0
3.5m-4m 1 0.2 0
19.01m-20m 1 0

Townhouses 5% 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
201k-225k 4 0.7 0
226k-250k 2 0
251k-275k 1 0.2 0
276k-300k 3 4 0.2 4.5
301k-325k 1 0
326k-350k 2 0
376k-400k 5 0
426k-450k 1 0
501k-550k 4 0
551k-600k 1 0
701k-750k 1 0.2 0
1.5m-1.6m 1 1 0.2 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
76k-100k 2 0.3 0
101k-125k 2 11 3 0.9 1.1
126k-150k 13 8 1 0.1 9.8
151k-175k 17 20 5 0.2 5.1
176k-200k 28 26 1 0.2 6.5
201k-225k 16 25 3 0.3 3.8
226k-250k 33 23 3 0.1 8.6
251k-275k 22 23 4 0.2 5.7
276k-300k 36 33 4 0.2 6.5
301k-325k 17 17 3 0.2 6
326k-350k 17 13 1 0.1 7.8
351k-375k 9 10 3 0.2 5.4
376k-400k 21 10 0.1 12.6
401k-425k 15 6 1 0.1 15
426k-450k 9 4 0.1 13.5
451k-475k 3 8 2 0.4 2.3
476k-500k 4 2 0.1 12
501k-550k 10 5 1 0.1 12
551k-600k 7 5 2 0.1 8.4
601k-650k 5 0
651k-700k 1 1 0.2 6
701k-750k 2 2 0.2 6
801k-850k 5 1 0 30
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
3.5m-4m 1 0.2 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
1k-25k 2 0
26k-50k 3 2 1 0.1 9
51k-75k 14 11 0.1 7.6
76k-100k 12 6 2 0.1 12
101k-125k 6 0
126k-150k 6 2 0.1 18
151k-175k 3 1 0.1 18
176k-200k 4 0
201k-225k 1 0
276k-300k 2 1 0.1 12
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
426k-450k 2 0
551k-600k 1 1 0.2 0
651k-700k 1 2 2 0.3 3
751k-800k 1 0
801k-850k 1 0
1m-1.1m 1 0
1.4m-1.5m 1 0
4m-4.5m 1 0
4.5m-5m 1 0
14.01m-15m 1 0
19.01m-20m 1 0