Absorption Report

Bradenton, 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 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
51k-75k 1 0
76k-100k 1 2 2 0.3 3
101k-125k 1 3 1 0.5 2
126k-150k 3 8 2 0.4 2.3
151k-175k 13 3 1 0 26
176k-200k 14 13 3 0.2 6.5
201k-225k 10 17 4 0.3 3.5
226k-250k 8 21 1 0.4 2.3
251k-275k 4 33 7 1.4 0.7
276k-300k 32 42 4 0.2 4.6
301k-325k 20 58 9 0.5 2.1
326k-350k 46 79 11 0.3 3.5
351k-375k 33 101 14 0.5 2
376k-400k 73 123 21 0.3 3.6
401k-425k 58 84 15 0.2 4.1
426k-450k 53 101 14 0.3 3.1
451k-475k 44 76 8 0.3 3.5
476k-500k 71 107 14 0.3 4
501k-550k 113 150 24 0.2 4.5
551k-600k 78 119 18 0.3 3.9
601k-650k 56 86 15 0.3 3.9
651k-700k 67 80 10 0.2 5
701k-750k 51 61 10 0.2 5
751k-800k 48 48 5 0.2 6
801k-850k 24 40 5 0.3 3.6
851k-900k 28 40 7 0.2 4.2
901k-950k 22 23 4 0.2 5.7
951k-1m 33 22 3 0.1 9
1m-1.1m 23 41 7 0.3 3.4
1.1m-1.2m 22 28 4 0.2 4.7
1.2m-1.3m 12 30 6 0.4 2.4
1.3m-1.4m 17 22 5 0.2 4.6
1.4m-1.5m 14 10 1 0.1 8.4
1.5m-1.6m 8 7 2 0.1 6.9
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 8 3 0.1 16
1.8m-1.9m 2 3 1 0.3 4
1.9m-2m 5 0
2m-2.25m 9 4 0.1 13.5
2.25m-2.5m 3 6 0.3 3
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 1 0.1 7.5
3.5m-4m 1 3 1 0.5 2
4m-4.5m 3 2 0.1 9
4.5m-5m 5 1 0 30
5.01m-6m 1 0
7.01m-8m 1 0
16.01m-17m 1 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
176k-200k 1 0.2 0
226k-250k 2 2 2 0.2 6
251k-275k 7 3 1 0.1 14
276k-300k 5 15 2 0.5 2
301k-325k 23 26 4 0.2 5.3
326k-350k 24 56 8 0.4 2.6
351k-375k 12 28 2 0.4 2.6
376k-400k 17 6 0.1 17
401k-425k 5 4 0.1 7.5
426k-450k 2 2 0.2 6
476k-500k 1 0
501k-550k 1 0.2 0
701k-750k 2 1 0.1 12
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
1.1m-1.2m 1 1 0.2 6

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 0.2 0
51k-75k 4 0.7 0
76k-100k 10 9 1 0.2 6.7
101k-125k 24 19 2 0.1 7.6
126k-150k 47 22 6 0.1 12.8
151k-175k 40 34 4 0.1 7.1
176k-200k 57 28 5 0.1 12.2
201k-225k 64 39 4 0.1 9.8
226k-250k 50 32 4 0.1 9.4
251k-275k 42 24 5 0.1 10.5
276k-300k 52 46 7 0.1 6.8
301k-325k 32 31 2 0.2 6.2
326k-350k 33 16 1 0.1 12.4
351k-375k 18 7 2 0.1 15.4
376k-400k 21 8 2 0.1 15.8
401k-425k 20 12 0.1 10
426k-450k 13 11 1 0.1 7.1
451k-475k 10 6 1 0.1 10
476k-500k 18 9 0.1 12
501k-550k 22 8 1 0.1 16.5
551k-600k 16 3 0 32
601k-650k 13 5 0.1 15.6
651k-700k 5 2 1 0.1 15
701k-750k 3 2 0.1 9
751k-800k 9 2 0 27
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 2 0
1m-1.1m 2 2 0.2 6
1.1m-1.2m 1 2 0.3 3
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0

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
26k-50k 1 1 0.2 6
51k-75k 6 2 0.1 18
76k-100k 3 2 1 0.1 9
101k-125k 1 2 2 0.3 3
126k-150k 4 0
151k-175k 1 1 0.2 6
176k-200k 3 1 0.1 18
201k-225k 5 2 1 0.1 15
226k-250k 5 0
251k-275k 1 0
276k-300k 5 1 0 30
301k-325k 3 2 0.1 9
326k-350k 2 0
351k-375k 2 0
376k-400k 4 0
426k-450k 6 0
451k-475k 3 1 0.1 18
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 2 0
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
801k-850k 1 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 4 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
10.01m-11m 1 0