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 2 3 2 0.3 4
101k-125k 2 3 0.3 4
126k-150k 4 9 1 0.4 2.7
151k-175k 8 5 2 0.1 9.6
176k-200k 12 14 3 0.2 5.1
201k-225k 9 20 3 0.4 2.7
226k-250k 8 22 4 0.5 2.2
251k-275k 8 32 3 0.7 1.5
276k-300k 27 39 4 0.2 4.2
301k-325k 20 61 8 0.5 2
326k-350k 51 79 14 0.3 3.9
351k-375k 39 101 19 0.4 2.3
376k-400k 85 117 20 0.2 4.4
401k-425k 51 88 20 0.3 3.5
426k-450k 56 103 15 0.3 3.3
451k-475k 48 75 12 0.3 3.8
476k-500k 82 98 15 0.2 5
501k-550k 119 136 18 0.2 5.3
551k-600k 86 107 9 0.2 4.8
601k-650k 72 78 11 0.2 5.5
651k-700k 62 75 12 0.2 5
701k-750k 45 64 12 0.2 4.2
751k-800k 42 49 8 0.2 5.1
801k-850k 27 37 6 0.2 4.4
851k-900k 29 37 5 0.2 4.7
901k-950k 28 20 4 0.1 8.4
951k-1m 32 24 5 0.1 8
1m-1.1m 23 41 7 0.3 3.4
1.1m-1.2m 21 27 3 0.2 4.7
1.2m-1.3m 13 28 5 0.4 2.8
1.3m-1.4m 21 20 1 0.2 6.3
1.4m-1.5m 13 9 0.1 8.7
1.5m-1.6m 14 9 4 0.1 9.3
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 3 0.1 12
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 8 1 1 0 48
2m-2.25m 8 3 0.1 16
2.25m-2.5m 6 5 0.1 7.2
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 3 4 0.2 4.5
3.5m-4m 2 3 0.3 4
4m-4.5m 4 1 0 24
4.5m-5m 6 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 3 0.6 1.6
301k-325k 24 27 4 0.2 5.3
326k-350k 31 49 2 0.3 3.8
351k-375k 13 27 1 0.3 2.9
376k-400k 16 5 0.1 19.2
401k-425k 3 4 0.2 4.5
426k-450k 4 3 1 0.1 8
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
1.3m-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 6 2 1 0
76k-100k 13 6 1 0.1 13
101k-125k 25 15 6 0.1 10
126k-150k 53 23 5 0.1 13.8
151k-175k 37 34 4 0.2 6.5
176k-200k 63 28 4 0.1 13.5
201k-225k 54 33 2 0.1 9.8
226k-250k 63 35 5 0.1 10.8
251k-275k 42 23 5 0.1 11
276k-300k 54 39 3 0.1 8.3
301k-325k 37 25 2 0.1 8.9
326k-350k 37 15 3 0.1 14.8
351k-375k 22 6 0 22
376k-400k 25 7 0 21.4
401k-425k 21 12 1 0.1 10.5
426k-450k 15 12 4 0.1 7.5
451k-475k 12 7 2 0.1 10.3
476k-500k 20 10 2 0.1 12
501k-550k 24 6 0 24
551k-600k 14 5 2 0.1 16.8
601k-650k 13 3 0 26
651k-700k 6 3 1 0.1 12
701k-750k 1 1 0.2 6
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 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 11 2 0 33
76k-100k 2 2 0.2 6
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 4 0
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
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
10.01m-11m 1 0