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
126k-150k 2 0.3 0
151k-175k 2 5 1 0.4 2.4
176k-200k 2 13 1.1 0.9
201k-225k 7 19 3 0.5 2.2
226k-250k 17 33 10 0.3 3.1
251k-275k 15 47 8 0.5 1.9
276k-300k 40 59 12 0.2 4.1
301k-325k 36 74 20 0.3 2.9
326k-350k 62 94 12 0.3 4
351k-375k 42 79 18 0.3 3.2
376k-400k 48 86 15 0.3 3.3
401k-425k 37 68 14 0.3 3.3
426k-450k 38 64 14 0.3 3.6
451k-475k 27 48 12 0.3 3.4
476k-500k 35 54 14 0.3 3.9
501k-550k 57 97 20 0.3 3.5
551k-600k 55 72 11 0.2 4.6
601k-650k 40 48 7 0.2 5
651k-700k 25 34 7 0.2 4.4
701k-750k 19 28 4 0.2 4.1
751k-800k 19 24 5 0.2 4.8
801k-850k 15 16 2 0.2 5.6
851k-900k 11 14 1 0.2 4.7
901k-950k 11 10 3 0.2 6.6
951k-1m 5 10 4 0.3 3
1m-1.1m 6 13 4 0.4 2.8
1.1m-1.2m 8 16 7 0.3 3
1.2m-1.3m 6 7 0.2 5.1
1.3m-1.4m 6 4 1 0.1 9
1.4m-1.5m 9 2 0 27
1.5m-1.6m 5 1 1 0 30
1.6m-1.7m 4 3 0.1 8
1.7m-1.8m 1 0
1.8m-1.9m 2 1 0.3 0
1.9m-2m 1 1 0.2 0
2m-2.25m 4 2 0.7 0
2.25m-2.5m 3 2 0.1 9
2.5m-2.75m 1 0
2.75m-3m 1 0
19.01m-20m 1 0

Townhouses 4% 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 0.2 0
201k-225k 2 0.3 0
226k-250k 3 2 0.5 0
251k-275k 2 2 0.2 6
276k-300k 9 4 1 0.1 13.5
301k-325k 4 0
326k-350k 1 0
351k-375k 2 0
376k-400k 3 2 1 0.1 9
401k-425k 1 1 0.2 0
426k-450k 1 0
476k-500k 1 0
501k-550k 1 1 0.2 6
701k-750k 2 0
751k-800k 1 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 3 4 0.2 4.5
101k-125k 4 7 1 0.3 3.4
126k-150k 14 16 3 0.2 5.3
151k-175k 15 33 6 0.4 2.7
176k-200k 29 23 5 0.1 7.6
201k-225k 26 25 6 0.2 6.2
226k-250k 28 40 13 0.2 4.2
251k-275k 21 20 7 0.2 6.3
276k-300k 25 24 6 0.2 6.3
301k-325k 13 8 0.1 9.8
326k-350k 30 18 4 0.1 10
351k-375k 16 19 4 0.2 5.1
376k-400k 27 14 5 0.1 11.6
401k-425k 9 10 1 0.2 5.4
426k-450k 11 2 0 33
451k-475k 5 5 1 0.2 6
476k-500k 10 6 1 0.1 10
501k-550k 15 5 0.1 18
551k-600k 5 3 2 0.1 10
601k-650k 5 3 0.1 10
651k-700k 7 2 2 0 21
701k-750k 1 2 0.3 3
751k-800k 1 1 0.2 6
801k-850k 4 1 0 24
851k-900k 1 1 1 0.2 6
901k-950k 2 0
951k-1m 3 2 0.1 9
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 1 2 0.3 3
1.5m-1.6m 1 1 0.2 6
1.7m-1.8m 1 0
2m-2.25m 1 0.2 0

Land 1% 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 2 1 0.3 3
26k-50k 4 3 3 0.1 8
51k-75k 8 3 0.1 16
76k-100k 17 1 0 102
101k-125k 7 2 1 0 21
126k-150k 9 1 0 54
151k-175k 6 0
176k-200k 4 2 2 0.1 12
201k-225k 2 0
226k-250k 3 1 0.1 18
276k-300k 2 1 1 0.1 12
301k-325k 1 0
326k-350k 1 0
376k-400k 1 0
476k-500k 2 0
501k-550k 1 1 0.2 6
551k-600k 1 0
601k-650k 1 0
651k-700k 1 0
701k-750k 1 1 0.2 6
751k-800k 2 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.3m-1.4m 1 1 0.2 0
1.7m-1.8m 1 0
4.5m-5m 1 0
19.01m-20m 1 0