Absorption Report

Bradenton, FL, Condo

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

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 52 23 5 0.1 13.6
151k-175k 37 35 5 0.2 6.3
176k-200k 62 29 5 0.1 12.8
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 38 26 3 0.1 8.8
326k-350k 39 15 3 0.1 15.6
351k-375k 23 6 0 23
376k-400k 24 7 0 20.6
401k-425k 21 12 1 0.1 10.5
426k-450k 15 12 4 0.1 7.5
451k-475k 13 7 2 0.1 11.1
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 14 3 0 28
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