Absorption Report

Bradenton

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 12% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
201k-225k 1 0.2 0
226k-250k 1 0.2 0
251k-275k 1 1 0.2 6
276k-300k 3 2 0.1 9
301k-325k 4 0.7 0
326k-350k 1 5 2 0.8 1.2
351k-375k 5 1 0.8 0
376k-400k 4 6 0.3 4
401k-425k 3 5 0.3 3.6
426k-450k 15 11 3 0.1 8.2
451k-475k 1 8 1.3 0.8
476k-500k 17 11 2 0.1 9.3
501k-550k 37 30 5 0.1 7.4
551k-600k 35 27 8 0.1 7.8
601k-650k 25 22 4 0.1 6.8
651k-700k 28 25 1 0.1 6.7
701k-750k 17 17 4 0.2 6
751k-800k 21 13 1 0.1 9.7
801k-850k 29 10 3 0.1 17.4
851k-900k 34 14 0.1 14.6
901k-950k 11 12 2 0.2 5.5
951k-1m 16 11 1 0.1 8.7
1m-1.1m 18 14 3 0.1 7.7
1.1m-1.2m 21 12 2 0.1 10.5
1.2m-1.3m 10 6 2 0.1 10
1.3m-1.4m 6 6 2 0.2 6
1.4m-1.5m 9 3 0.1 18
1.5m-1.6m 3 1 1 0.1 18
1.6m-1.7m 10 2 1 0 30
1.7m-1.8m 4 1 1 0 24
1.8m-1.9m 2 3 1 0.3 4
1.9m-2m 6 2 1 0.1 18
2m-2.25m 10 6 3 0.1 10
2.25m-2.5m 4 2 1 0.1 12
2.5m-2.75m 4 3 2 0.1 8
2.75m-3m 8 3 1 0.1 16
3m-3.5m 8 0
3.5m-4m 8 1 0 48
4m-4.5m 4 0
4.5m-5m 4 1 1 0 24
5.01m-6m 6 1 0 36
6.01m-7m 3 2 0.1 9
7.01m-8m 3 1 1 0.1 18
9.01m-10m 1 0
10.01m-11m 1 0
12.01m-13m 1 0.2 0
21.01m-22m 1 0

Townhouses 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
251k-275k 1 1 0.2 6
326k-350k 1 0.2 0
376k-400k 1 4 0.7 1.5
401k-425k 3 2 0.1 9
426k-450k 2 2 0.2 6
451k-475k 8 4 1 0.1 12
476k-500k 4 1 1 0 24
501k-550k 7 2 1 0 21
551k-600k 1 1 0.2 0
601k-650k 1 0.2 0
651k-700k 1 0
1.9m-2m 1 0

Condos 8% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 8 6 3 0.1 8
201k-225k 3 2 0.1 9
226k-250k 8 4 1 0.1 12
251k-275k 12 5 0.1 14.4
276k-300k 20 12 3 0.1 10
301k-325k 32 8 1 0 24
326k-350k 26 13 2 0.1 12
351k-375k 21 10 0.1 12.6
376k-400k 38 26 4 0.1 8.8
401k-425k 17 8 1 0.1 12.8
426k-450k 23 10 3 0.1 13.8
451k-475k 23 6 1 0 23
476k-500k 12 11 0.2 6.5
501k-550k 19 16 4 0.1 7.1
551k-600k 21 8 0.1 15.8
601k-650k 26 9 4 0.1 17.3
651k-700k 32 6 2 0 32
701k-750k 14 5 1 0.1 16.8
751k-800k 10 4 0.1 15
801k-850k 11 1 0 66
851k-900k 8 0
901k-950k 3 1 0.1 18
951k-1m 5 3 2 0.1 10
1m-1.1m 5 4 1 0.1 7.5
1.1m-1.2m 8 1 0 48
1.2m-1.3m 7 1 0 42
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 1 0.1 12
1.5m-1.6m 3 0
1.6m-1.7m 3 2 0.1 9
1.7m-1.8m 7 1 0 42
1.8m-1.9m 4 0
1.9m-2m 7 2 1 0 21
2m-2.25m 2 5 1 0.4 2.4
2.25m-2.5m 7 0
2.5m-2.75m 5 1 1 0 30
2.75m-3m 6 2 0.1 18
3m-3.5m 6 1 0 36
3.5m-4m 5 1 0 30
4m-4.5m 8 0
4.5m-5m 5 1 0 30
5.01m-6m 2 0
6.01m-7m 1 0
9.01m-10m 1 0
15.01m-16m 1 1 0.2 6

Land 5% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 0.3 0
51k-75k 2 1 0.1 12
76k-100k 3 1 1 0.1 18
101k-125k 1 1 0.2 6
126k-150k 5 2 1 0.1 15
151k-175k 6 2 0.1 18
176k-200k 4 4 1 0.2 6
201k-225k 4 2 0.1 12
226k-250k 10 2 0 30
251k-275k 4 0
276k-300k 5 2 0.1 15
301k-325k 2 0
326k-350k 5 1 0 30
351k-375k 2 0
376k-400k 3 1 1 0.1 18
401k-425k 2 2 0.2 6
426k-450k 2 1 0.1 12
451k-475k 1 0
476k-500k 5 0
501k-550k 3 1 0.1 18
551k-600k 2 0
601k-650k 2 0
651k-700k 2 1 0.1 12
701k-750k 1 0
751k-800k 4 0
851k-900k 2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 1 1 0.2 6
1.5m-1.6m 2 0
1.6m-1.7m 2 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
2.75m-3m 2 0
3m-3.5m 3 0
4m-4.5m 2 1 0.1 12
5.01m-6m 4 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0.2 0
8.01m-9m 1 0.2 0
9.01m-10m 1 0