Absorption Report

Within 1 mile of 4800 Chase Oaks Dr., Sarasota, FL 34241, House

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 Since 12/31 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
26k-50k 1 0.2 0
51k-75k 2 0
76k-100k 1 6 1 1 1
101k-125k 14 3 2.3 0
126k-150k 6 12 0.3 3
151k-175k 8 27 1 0.6 1.8
176k-200k 15 21 2 0.2 4.3
201k-225k 12 52 7 0.7 1.4
226k-250k 22 63 7 0.5 2.1
251k-275k 22 47 5 0.4 2.8
276k-300k 38 86 8 0.4 2.7
301k-325k 15 64 13 0.7 1.4
326k-350k 37 55 7 0.2 4
351k-375k 25 60 9 0.4 2.5
376k-400k 35 66 7 0.3 3.2
401k-425k 35 73 8 0.3 2.9
426k-450k 36 42 3 0.2 5.1
451k-475k 18 25 7 0.2 4.3
476k-500k 26 25 2 0.2 6.2
501k-550k 31 53 4 0.3 3.5
551k-600k 18 31 1 0.3 3.5
601k-650k 13 26 3 0.3 3
651k-700k 14 17 4 0.2 4.9
701k-750k 7 12 1 0.3 3.5
751k-800k 9 20 4 0.4 2.7
801k-850k 6 11 0.3 3.3
851k-900k 8 13 1 0.3 3.7
901k-950k 4 8 3 0.3 3
951k-1m 4 4 0.2 6
1m-1.1m 3 7 1 0.4 2.6
1.1m-1.2m 5 6 0.2 5
1.2m-1.3m 3 2 0.1 9
1.3m-1.4m 4 0.7 0
1.4m-1.5m 3 1 0.1 18
1.5m-1.6m 5 1 0 30
1.7m-1.8m 1 1 0.2 6
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 1 1 0.2 6
126k-150k 2 7 1 0.6 1.7
151k-175k 5 15 3 0.5 2
176k-200k 16 18 1 0.2 5.3
201k-225k 7 16 1 0.4 2.6
226k-250k 9 9 0.2 6
251k-275k 3 12 2 0.7 1.5
276k-300k 1 0.2 0
301k-325k 2 0.3 0
326k-350k 2 0.3 0
376k-400k 1 0.2 0
401k-425k 1 1 0.2 0
476k-500k 1 0
501k-550k 1 0.2 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
26k-50k 1 1 0.2 0
51k-75k 1 1 0.2 6
76k-100k 17 18 4 0.2 5.7
101k-125k 11 27 1 0.4 2.4
126k-150k 14 33 4 0.4 2.5
151k-175k 29 38 4 0.2 4.6
176k-200k 34 45 6 0.2 4.5
201k-225k 21 25 3 0.2 5
226k-250k 16 17 6 0.2 5.6
251k-275k 11 16 3 0.2 4.1
276k-300k 3 7 2 0.4 2.6
301k-325k 2 3 0.3 4
326k-350k 3 4 1 0.2 4.5
351k-375k 4 7 0.3 3.4
376k-400k 3 0.5 0
401k-425k 2 1 0.1 12
426k-450k 1 0
451k-475k 1 0.2 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 1 0
701k-750k 4 1 0 24

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 10 0.8 1.2
26k-50k 2 8 2 0.7 1.5
51k-75k 3 5 0.3 3.6
76k-100k 8 4 0.1 12
101k-125k 3 3 0.2 6
126k-150k 4 2 1 0.1 12
151k-175k 5 5 1 0.2 6
176k-200k 7 1 1 0 42
201k-225k 1 1 0.2 6
226k-250k 5 2 1 0.1 15
251k-275k 6 2 0.1 18
276k-300k 6 2 1 0.1 18
301k-325k 3 1 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 1 0
451k-475k 2 0
476k-500k 1 0
501k-550k 2 0
551k-600k 1 0
601k-650k 3 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 1 0.2 0
951k-1m 2 0
1m-1.1m 2 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 2 0.3 3
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 2 0.3 3
2.75m-3m 3 0
3m-3.5m 2 0
3.5m-4m 1 0
4m-4.5m 1 0
6.01m-7m 2 0