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
76k-100k 2 3 2 0.3 4
101k-125k 1 3 1 0.5 2
126k-150k 5 8 0.3 3.8
151k-175k 10 3 0.1 20
176k-200k 13 12 1 0.2 6.5
201k-225k 8 20 5 0.4 2.4
226k-250k 6 22 3 0.6 1.6
251k-275k 8 34 4 0.7 1.4
276k-300k 30 39 5 0.2 4.6
301k-325k 18 62 7 0.6 1.7
326k-350k 51 80 12 0.3 3.8
351k-375k 35 101 19 0.5 2.1
376k-400k 82 121 19 0.2 4.1
401k-425k 54 84 14 0.3 3.9
426k-450k 54 102 13 0.3 3.2
451k-475k 49 74 11 0.3 4
476k-500k 75 102 13 0.2 4.4
501k-550k 116 140 18 0.2 5
551k-600k 84 115 9 0.2 4.4
601k-650k 72 80 13 0.2 5.4
651k-700k 63 77 13 0.2 4.9
701k-750k 43 62 12 0.2 4.2
751k-800k 43 47 4 0.2 5.5
801k-850k 28 39 5 0.2 4.3
851k-900k 28 36 5 0.2 4.7
901k-950k 25 19 2 0.1 7.9
951k-1m 31 22 3 0.1 8.5
1m-1.1m 22 39 6 0.3 3.4
1.1m-1.2m 21 25 1 0.2 5
1.2m-1.3m 15 28 5 0.3 3.2
1.3m-1.4m 18 20 2 0.2 5.4
1.4m-1.5m 14 9 0.1 9.3
1.5m-1.6m 10 9 3 0.2 6.7
1.6m-1.7m 10 3 1 0.1 20
1.7m-1.8m 7 3 0.1 14
1.8m-1.9m 4 4 2 0.2 6
1.9m-2m 8 0
2m-2.25m 9 3 0.1 18
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 0.1 7.5
3.5m-4m 2 3 0.3 4
4m-4.5m 4 2 0.1 12
4.5m-5m 6 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
226k-250k 3 3 3 0.2 6
251k-275k 6 5 3 0.1 7.2
276k-300k 5 14 3 0.5 2.1
301k-325k 22 28 5 0.2 4.7
326k-350k 31 50 2 0.3 3.7
351k-375k 12 28 1 0.4 2.6
376k-400k 17 5 0 20.4
401k-425k 3 4 0.2 4.5
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
1m-1.1m 1 0
1.1m-1.2m 1 0.2 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 1 0.8 0
76k-100k 13 6 1 0.1 13
101k-125k 25 15 4 0.1 10
126k-150k 50 22 6 0.1 13.6
151k-175k 39 36 4 0.2 6.5
176k-200k 61 27 3 0.1 13.6
201k-225k 59 35 2 0.1 10.1
226k-250k 57 33 4 0.1 10.4
251k-275k 39 23 4 0.1 10.2
276k-300k 53 43 3 0.1 7.4
301k-325k 35 26 2 0.1 8.1
326k-350k 35 16 2 0.1 13.1
351k-375k 21 7 1 0.1 18
376k-400k 24 7 0 20.6
401k-425k 18 12 1 0.1 9
426k-450k 15 11 2 0.1 8.2
451k-475k 12 6 1 0.1 12
476k-500k 21 11 2 0.1 11.5
501k-550k 23 6 0 23
551k-600k 15 3 0 30
601k-650k 13 4 0.1 19.5
651k-700k 4 3 1 0.1 8
701k-750k 2 1 0.1 12
751k-800k 5 1 0 30
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 2 0.2 6
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 8 2 0 24
76k-100k 3 2 0.1 9
101k-125k 3 2 2 0.1 9
126k-150k 4 0
151k-175k 2 1 0.1 12
176k-200k 2 1 0.1 12
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 5 1 0 30
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 5 0
401k-425k 1 1 0.2 0
426k-450k 6 0
451k-475k 3 0
476k-500k 3 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
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