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 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 15 13 3 0.1 6.9
201k-225k 10 17 4 0.3 3.5
226k-250k 8 21 1 0.4 2.3
251k-275k 3 34 8 1.9 0.5
276k-300k 32 41 4 0.2 4.7
301k-325k 20 59 9 0.5 2
326k-350k 49 78 11 0.3 3.8
351k-375k 34 102 16 0.5 2
376k-400k 74 124 23 0.3 3.6
401k-425k 57 86 17 0.3 4
426k-450k 56 101 14 0.3 3.3
451k-475k 44 77 9 0.3 3.4
476k-500k 74 107 13 0.2 4.1
501k-550k 108 152 26 0.2 4.3
551k-600k 80 119 15 0.2 4
601k-650k 56 85 15 0.3 4
651k-700k 67 79 10 0.2 5.1
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 34 21 3 0.1 9.7
1m-1.1m 23 41 7 0.3 3.4
1.1m-1.2m 21 28 3 0.2 4.5
1.2m-1.3m 13 30 6 0.4 2.6
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 10 4 0.1 15
2.25m-2.5m 3 5 0.3 3.6
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 2 3 1 0.3 4
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 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
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 25 26 4 0.2 5.8
326k-350k 24 57 9 0.4 2.5
351k-375k 12 28 2 0.4 2.6
376k-400k 17 6 0.1 17
401k-425k 4 4 0.2 6
426k-450k 3 2 0.1 9
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 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 4 0.7 0
76k-100k 9 9 1 0.2 6
101k-125k 24 18 2 0.1 8
126k-150k 47 22 6 0.1 12.8
151k-175k 40 33 3 0.1 7.3
176k-200k 57 28 5 0.1 12.2
201k-225k 65 39 4 0.1 10
226k-250k 49 32 4 0.1 9.2
251k-275k 42 24 5 0.1 10.5
276k-300k 52 45 6 0.1 6.9
301k-325k 33 32 3 0.2 6.2
326k-350k 32 16 1 0.1 12
351k-375k 18 7 2 0.1 15.4
376k-400k 23 8 2 0.1 17.3
401k-425k 20 12 0.1 10
426k-450k 13 10 1 0.1 7.8
451k-475k 10 6 1 0.1 10
476k-500k 18 9 0.1 12
501k-550k 23 8 1 0.1 17.3
551k-600k 15 3 0 30
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 1 0.1 12
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 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 1 0.2 6
51k-75k 7 2 0 21
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
4m-4.5m 1 0
10.01m-11m 1 0