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 2 0.3 0
126k-150k 4 0.7 0
151k-175k 1 4 1 0.7 1.5
176k-200k 4 11 2 0.5 2.2
201k-225k 2 21 3 1.8 0.6
226k-250k 10 31 2 0.5 1.9
251k-275k 13 39 6 0.5 2
276k-300k 34 68 4 0.3 3
301k-325k 31 82 20 0.4 2.3
326k-350k 46 113 16 0.4 2.4
351k-375k 55 90 13 0.3 3.7
376k-400k 78 81 10 0.2 5.8
401k-425k 42 85 9 0.3 3
426k-450k 57 67 3 0.2 5.1
451k-475k 34 46 2 0.2 4.4
476k-500k 34 47 9 0.2 4.3
501k-550k 51 71 16 0.2 4.3
551k-600k 54 67 9 0.2 4.8
601k-650k 38 58 6 0.3 3.9
651k-700k 41 39 2 0.2 6.3
701k-750k 25 35 6 0.2 4.3
751k-800k 19 32 6 0.3 3.6
801k-850k 11 19 5 0.3 3.5
851k-900k 8 19 3 0.4 2.5
901k-950k 8 10 1 0.2 4.8
951k-1m 4 10 1 0.4 2.4
1m-1.1m 5 23 1 0.8 1.3
1.1m-1.2m 5 14 4 0.5 2.1
1.2m-1.3m 3 9 2 0.5 2
1.3m-1.4m 6 5 0.1 7.2
1.4m-1.5m 5 6 1 0.2 5
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 2 2 0.2 6
1.7m-1.8m 2 0.3 0
1.9m-2m 1 2 0.3 3
2m-2.25m 2 0.3 0
2.25m-2.5m 1 2 1 0.3 3
2.5m-2.75m 3 2 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 10% 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 4 0.7 0
226k-250k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 1 7 1 1.2 0.9
301k-325k 3 1 0.1 18
326k-350k 1 0
426k-450k 1 0
476k-500k 1 0
701k-750k 1 0.2 0
1.7m-1.8m 1 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 4 1 0.7 0
101k-125k 3 8 1 0.4 2.3
126k-150k 11 7 1 0.1 9.4
151k-175k 14 15 2 0.2 5.6
176k-200k 24 27 4 0.2 5.3
201k-225k 23 26 4 0.2 5.3
226k-250k 23 24 6 0.2 5.8
251k-275k 26 28 5 0.2 5.6
276k-300k 29 38 4 0.2 4.6
301k-325k 18 20 1 0.2 5.4
326k-350k 18 17 0.2 6.4
351k-375k 10 7 1 0.1 8.6
376k-400k 22 12 0.1 11
401k-425k 14 7 1 0.1 12
426k-450k 12 4 0.1 18
451k-475k 3 6 3 0.3 3
476k-500k 7 3 0.1 14
501k-550k 8 3 0.1 16
551k-600k 7 3 1 0.1 14
601k-650k 6 2 0.1 18
651k-700k 3 1 0.1 18
701k-750k 1 3 0.5 2
751k-800k 1 0
801k-850k 2 2 0.2 6
951k-1m 1 0
1m-1.1m 1 0.2 0
1.1m-1.2m 4 1 0 24
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 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 1 0
26k-50k 4 1 0 24
51k-75k 15 12 1 0.1 7.5
76k-100k 15 7 0.1 12.9
101k-125k 5 0
126k-150k 7 3 0.1 14
151k-175k 3 1 0.1 18
176k-200k 5 0
201k-225k 2 0
276k-300k 1 1 0.2 6
301k-325k 2 0
326k-350k 2 0
351k-375k 1 0
426k-450k 2 0
551k-600k 1 0.2 0
651k-700k 2 1 0.1 12
701k-750k 1 0
951k-1m 1 0
1.1m-1.2m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
14.01m-15m 1 0
19.01m-20m 1 0