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 3 2 0.5 0
151k-175k 1 5 0.8 1.2
176k-200k 6 13 1 0.4 2.8
201k-225k 3 13 3 0.7 1.4
226k-250k 16 26 4 0.3 3.7
251k-275k 28 33 4 0.2 5.1
276k-300k 47 47 12 0.2 6
301k-325k 33 78 7 0.4 2.5
326k-350k 55 84 15 0.3 3.9
351k-375k 69 85 10 0.2 4.9
376k-400k 59 72 10 0.2 4.9
401k-425k 41 60 7 0.2 4.1
426k-450k 51 64 10 0.2 4.8
451k-475k 33 35 3 0.2 5.7
476k-500k 29 48 8 0.3 3.6
501k-550k 72 84 20 0.2 5.1
551k-600k 55 59 12 0.2 5.6
601k-650k 50 46 8 0.2 6.5
651k-700k 35 31 4 0.1 6.8
701k-750k 19 32 5 0.3 3.6
751k-800k 17 20 5 0.2 5.1
801k-850k 13 18 2 0.2 4.3
851k-900k 10 14 2 0.2 4.3
901k-950k 8 8 2 0.2 6
951k-1m 8 9 2 0.2 5.3
1m-1.1m 6 6 1 0.2 6
1.1m-1.2m 10 17 2 0.3 3.5
1.2m-1.3m 2 10 2 0.8 1.2
1.3m-1.4m 5 2 0.1 15
1.4m-1.5m 4 9 0.4 2.7
1.5m-1.6m 1 0.2 0
1.6m-1.7m 1 0.2 0
1.7m-1.8m 3 0
1.8m-1.9m 3 0
2m-2.25m 1 0
2.25m-2.5m 2 3 1 0.3 4
2.5m-2.75m 4 1 0 24
2.75m-3m 1 0
3m-3.5m 1 0
4m-4.5m 1 0
19.01m-20m 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
201k-225k 1 1 0.2 6
226k-250k 1 1 1 0.2 6
276k-300k 5 3 0.1 10
301k-325k 1 0
326k-350k 1 0
376k-400k 5 0
426k-450k 2 0
476k-500k 3 0
501k-550k 2 0
551k-600k 2 0
701k-750k 1 0.2 0
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 2 1 0.3 3
101k-125k 3 9 2 0.5 2
126k-150k 13 8 2 0.1 9.8
151k-175k 17 26 5 0.3 3.9
176k-200k 35 20 4 0.1 10.5
201k-225k 25 16 1 0.1 9.4
226k-250k 40 23 5 0.1 10.4
251k-275k 27 20 3 0.1 8.1
276k-300k 35 26 3 0.1 8.1
301k-325k 13 7 1 0.1 11.1
326k-350k 14 12 1 0.1 7
351k-375k 20 12 4 0.1 10
376k-400k 24 5 1 0 28.8
401k-425k 10 5 0.1 12
426k-450k 10 5 1 0.1 12
451k-475k 6 6 0.2 6
476k-500k 8 3 0.1 16
501k-550k 13 5 2 0.1 15.6
551k-600k 10 4 0.1 15
601k-650k 9 1 0 54
651k-700k 3 1 0.1 18
701k-750k 1 2 0.3 3
751k-800k 2 0
801k-850k 1 0
851k-900k 1 0
951k-1m 2 1 1 0.1 12
1m-1.1m 2 0
1.1m-1.2m 3 0
1.4m-1.5m 2 1 0.3 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 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
1k-25k 2 0
26k-50k 4 1 0 24
51k-75k 11 6 0.1 11
76k-100k 17 4 0 25.5
101k-125k 6 0
126k-150k 9 1 0 54
151k-175k 4 0
176k-200k 4 0
226k-250k 5 1 0 30
276k-300k 1 0
301k-325k 1 0
326k-350k 1 0
351k-375k 1 0
426k-450k 1 0
476k-500k 1 0
551k-600k 1 0.2 0
601k-650k 1 0
651k-700k 2 3 0.3 4
701k-750k 2 0
751k-800k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.4m-1.5m 1 0
3.5m-4m 1 0
19.01m-20m 1 0