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 2 3 1 0.3 4
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 7 6 3 0.1 7
176k-200k 11 14 3 0.2 4.7
201k-225k 9 20 3 0.4 2.7
226k-250k 10 22 4 0.4 2.7
251k-275k 8 32 3 0.7 1.5
276k-300k 29 41 7 0.2 4.2
301k-325k 20 60 8 0.5 2
326k-350k 51 75 12 0.2 4.1
351k-375k 45 102 16 0.4 2.6
376k-400k 78 115 16 0.2 4.1
401k-425k 51 89 18 0.3 3.4
426k-450k 59 102 15 0.3 3.5
451k-475k 45 76 12 0.3 3.6
476k-500k 80 94 10 0.2 5.1
501k-550k 114 139 18 0.2 4.9
551k-600k 86 108 10 0.2 4.8
601k-650k 71 82 12 0.2 5.2
651k-700k 61 77 12 0.2 4.8
701k-750k 49 62 13 0.2 4.7
751k-800k 41 51 10 0.2 4.8
801k-850k 26 35 4 0.2 4.5
851k-900k 27 37 4 0.2 4.4
901k-950k 27 21 5 0.1 7.7
951k-1m 33 25 6 0.1 7.9
1m-1.1m 23 40 7 0.3 3.5
1.1m-1.2m 21 27 3 0.2 4.7
1.2m-1.3m 12 27 3 0.4 2.7
1.3m-1.4m 21 19 0.2 6.6
1.4m-1.5m 13 9 0.1 8.7
1.5m-1.6m 13 9 3 0.1 8.7
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 4 1 0.2 4.5
1.9m-2m 8 1 1 0 48
2m-2.25m 10 3 0.1 20
2.25m-2.5m 6 6 1 0.2 6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 4 4 0.2 6
3.5m-4m 2 3 0.3 4
4m-4.5m 4 1 0 24
4.5m-5m 6 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 4 3 2 0.1 8
251k-275k 7 5 3 0.1 8.4
276k-300k 4 15 2 0.6 1.6
301k-325k 22 29 6 0.2 4.6
326k-350k 30 49 2 0.3 3.7
351k-375k 9 27 0.5 2
376k-400k 16 5 0.1 19.2
401k-425k 3 5 1 0.3 3.6
426k-450k 4 4 2 0.2 6
476k-500k 1 0
501k-550k 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 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 14 6 1 0.1 14
101k-125k 25 15 5 0.1 10
126k-150k 54 24 5 0.1 13.5
151k-175k 37 36 6 0.2 6.2
176k-200k 61 28 6 0.1 13.1
201k-225k 52 34 2 0.1 9.2
226k-250k 63 35 6 0.1 10.8
251k-275k 44 23 5 0.1 11.5
276k-300k 59 39 6 0.1 9.1
301k-325k 38 26 3 0.1 8.8
326k-350k 41 15 3 0.1 16.4
351k-375k 24 7 1 0 20.6
376k-400k 25 7 0 21.4
401k-425k 22 11 1 0.1 12
426k-450k 15 10 4 0.1 9
451k-475k 14 7 2 0.1 12
476k-500k 21 9 3 0.1 14
501k-550k 21 6 0 21
551k-600k 16 4 2 0 24
601k-650k 15 3 0 30
651k-700k 6 3 1 0.1 12
701k-750k 1 2 1 0.3 3
751k-800k 6 1 0 36
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 3 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
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 2 1 0.1 12
51k-75k 10 2 0 30
76k-100k 3 2 0.1 9
101k-125k 3 2 1 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 4 1 0 24
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 5 1 1 0 30
401k-425k 1 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 0
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
851k-900k 2 0
901k-950k 1 0
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
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