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 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
51k-75k 1 1 1 0.2 6
76k-100k 1 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 6 9 2 0.3 4
151k-175k 6 6 4 0.2 6
176k-200k 9 13 2 0.2 4.2
201k-225k 11 19 1 0.3 3.5
226k-250k 10 21 4 0.4 2.9
251k-275k 12 30 2 0.4 2.4
276k-300k 27 42 7 0.3 3.9
301k-325k 24 59 8 0.4 2.4
326k-350k 45 65 7 0.2 4.2
351k-375k 39 100 17 0.4 2.3
376k-400k 76 112 16 0.2 4.1
401k-425k 55 83 13 0.3 4
426k-450k 60 91 15 0.3 4
451k-475k 50 67 14 0.2 4.5
476k-500k 93 89 11 0.2 6.3
501k-550k 117 134 21 0.2 5.2
551k-600k 85 104 14 0.2 4.9
601k-650k 73 71 9 0.2 6.2
651k-700k 63 72 8 0.2 5.3
701k-750k 51 65 15 0.2 4.7
751k-800k 43 50 9 0.2 5.2
801k-850k 29 30 1 0.2 5.8
851k-900k 26 34 5 0.2 4.6
901k-950k 26 21 6 0.1 7.4
951k-1m 32 22 4 0.1 8.7
1m-1.1m 24 39 6 0.3 3.7
1.1m-1.2m 22 24 4 0.2 5.5
1.2m-1.3m 12 23 2 0.3 3.1
1.3m-1.4m 22 16 0.1 8.3
1.4m-1.5m 10 8 0.1 7.5
1.5m-1.6m 11 9 1 0.1 7.3
1.6m-1.7m 10 3 0.1 20
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 4 5 1 0.2 4.8
1.9m-2m 7 1 1 0 42
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 2 1 1 0.1 12
3m-3.5m 5 2 0.1 15
3.5m-4m 3 2 0.1 9
4m-4.5m 5 1 0 30
4.5m-5m 5 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 0

Townhouses 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
226k-250k 6 3 0.1 12
251k-275k 8 5 1 0.1 9.6
276k-300k 6 14 1 0.4 2.6
301k-325k 20 32 6 0.3 3.8
326k-350k 30 43 5 0.2 4.2
351k-375k 8 18 0.4 2.7
376k-400k 15 5 0.1 18
401k-425k 3 4 1 0.2 4.5
426k-450k 4 5 3 0.2 4.8
476k-500k 1 0
501k-550k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.3m-1.4m 1 0.2 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
26k-50k 1 0.2 0
51k-75k 5 2 0.8 0
76k-100k 13 4 0.1 19.5
101k-125k 30 17 5 0.1 10.6
126k-150k 55 24 5 0.1 13.8
151k-175k 35 36 5 0.2 5.8
176k-200k 59 28 5 0.1 12.6
201k-225k 52 26 2 0.1 12
226k-250k 63 36 7 0.1 10.5
251k-275k 44 24 4 0.1 11
276k-300k 62 34 4 0.1 10.9
301k-325k 32 22 2 0.1 8.7
326k-350k 46 17 5 0.1 16.2
351k-375k 25 7 1 0 21.4
376k-400k 25 7 1 0 21.4
401k-425k 20 11 2 0.1 10.9
426k-450k 17 10 4 0.1 10.2
451k-475k 14 4 2 0 21
476k-500k 18 7 2 0.1 15.4
501k-550k 22 5 0 26.4
551k-600k 20 4 3 0 30
601k-650k 13 3 0 26
651k-700k 6 3 0.1 12
701k-750k 4 2 1 0.1 12
751k-800k 4 1 0 24
801k-850k 1 0
851k-900k 2 0
901k-950k 3 1 1 0.1 18
1m-1.1m 3 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 3 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
26k-50k 2 1 0.1 12
51k-75k 9 2 0 27
76k-100k 2 2 0.2 6
101k-125k 3 2 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 2 1 0.1 12
201k-225k 4 2 1 0.1 12
226k-250k 4 0
251k-275k 1 0
276k-300k 4 2 1 0.1 12
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 6 1 1 0 36
401k-425k 1 0.2 0
426k-450k 6 0
451k-475k 4 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 2 1 1 0.1 12
651k-700k 1 0
701k-750k 1 0
751k-800k 3 0
851k-900k 3 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
4m-4.5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0