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 0% 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 3 1 0.5 0
51k-75k 1 2 0.3 3
76k-100k 3 4 0.2 4.5
101k-125k 4 5 1 0.2 4.8
126k-150k 11 9 2 0.1 7.3
151k-175k 7 15 3 0.4 2.8
176k-200k 16 22 5 0.2 4.4
201k-225k 25 47 3 0.3 3.2
226k-250k 52 75 11 0.2 4.2
251k-275k 51 107 15 0.3 2.9
276k-300k 87 165 19 0.3 3.2
301k-325k 76 174 24 0.4 2.6
326k-350k 99 149 14 0.3 4
351k-375k 68 111 16 0.3 3.7
376k-400k 91 98 6 0.2 5.6
401k-425k 37 59 6 0.3 3.8
426k-450k 44 49 3 0.2 5.4
451k-475k 29 53 6 0.3 3.3
476k-500k 35 31 3 0.1 6.8
501k-550k 36 44 8 0.2 4.9
551k-600k 29 24 2 0.1 7.3
601k-650k 20 27 3 0.2 4.4
651k-700k 10 23 5 0.4 2.6
701k-750k 9 25 1 0.5 2.2
751k-800k 6 7 0.2 5.1
801k-850k 6 3 0.1 12
851k-900k 10 7 0.1 8.6
901k-950k 3 5 1 0.3 3.6
951k-1m 3 2 1 0.1 9
1m-1.1m 2 5 0.4 2.4
1.1m-1.2m 3 3 0.2 6
1.2m-1.3m 2 4 1 0.3 3
1.3m-1.4m 3 0.5 0
1.4m-1.5m 3 0
1.5m-1.6m 2 1 0.1 12
1.6m-1.7m 1 1 0.2 6
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 1 0.2 0
1.9m-2m 1 0.2 0
2m-2.25m 1 1 0.2 6
2.5m-2.75m 1 0
3m-3.5m 1 0
4m-4.5m 1 0

Townhouses 0% 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
126k-150k 2 1 0.3 0
151k-175k 1 3 0.5 2
176k-200k 3 5 2 0.3 3.6
201k-225k 3 7 1 0.4 2.6
226k-250k 7 8 0.2 5.3
251k-275k 8 30 0.6 1.6
276k-300k 5 32 5 1.1 0.9

Condos 0% 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
76k-100k 1 1 0.2 6
101k-125k 1 6 1 1
126k-150k 8 11 1 0.2 4.4
151k-175k 9 9 0.2 6
176k-200k 10 7 1 0.1 8.6
201k-225k 5 3 0.1 10
226k-250k 2 0
251k-275k 5 0.8 0
276k-300k 2 10 1 0.8 1.2
301k-325k 1 2 0.3 3
326k-350k 3 0
351k-375k 1 3 0.5 2
376k-400k 1 0
401k-425k 1 1 0.2 6
501k-550k 1 0

Land 0% 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
1k-25k 2 1 0.3 0
26k-50k 11 15 0.2 4.4
51k-75k 8 8 1 0.2 6
76k-100k 9 7 0.1 7.7
101k-125k 4 3 1 0.1 8
126k-150k 6 5 0.1 7.2
151k-175k 5 4 0.1 7.5
176k-200k 2 3 0.3 4
201k-225k 3 1 0.1 18
226k-250k 2 2 0.2 6
251k-275k 3 1 0.1 18
276k-300k 1 1 0.2 6
301k-325k 1 0
326k-350k 1 2 1 0.3 3
351k-375k 2 0
376k-400k 3 0
401k-425k 1 0
426k-450k 4 0
451k-475k 3 0
476k-500k 1 0
501k-550k 1 1 0.2 6
551k-600k 1 0
601k-650k 1 0
651k-700k 2 1 0.1 12
701k-750k 1 1 0.2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.2m-1.3m 1 0
1.5m-1.6m 1 0
1.7m-1.8m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 2 0
3m-3.5m 1 0
4m-4.5m 1 0