Absorption Report

Bradenton, FL, House

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 1 2 1 0.3 3
101k-125k 1 3 1 0.5 2
126k-150k 4 8 2 0.3 3
151k-175k 13 4 1 0.1 19.5
176k-200k 14 12 3 0.1 7
201k-225k 10 18 4 0.3 3.3
226k-250k 6 21 1 0.6 1.7
251k-275k 3 34 7 1.9 0.5
276k-300k 31 41 4 0.2 4.5
301k-325k 18 59 8 0.5 1.8
326k-350k 50 79 9 0.3 3.8
351k-375k 34 104 15 0.5 2
376k-400k 78 123 18 0.3 3.8
401k-425k 53 84 16 0.3 3.8
426k-450k 55 99 13 0.3 3.3
451k-475k 47 75 9 0.3 3.8
476k-500k 70 106 11 0.3 4
501k-550k 112 142 20 0.2 4.7
551k-600k 79 118 14 0.2 4
601k-650k 58 85 13 0.2 4.1
651k-700k 69 78 11 0.2 5.3
701k-750k 48 62 11 0.2 4.6
751k-800k 49 48 5 0.2 6.1
801k-850k 25 39 6 0.3 3.8
851k-900k 29 39 5 0.2 4.5
901k-950k 21 23 2 0.2 5.5
951k-1m 33 22 4 0.1 9
1m-1.1m 25 40 6 0.3 3.8
1.1m-1.2m 22 27 2 0.2 4.9
1.2m-1.3m 15 28 6 0.3 3.2
1.3m-1.4m 17 21 3 0.2 4.9
1.4m-1.5m 14 9 1 0.1 9.3
1.5m-1.6m 8 8 3 0.2 6
1.6m-1.7m 8 4 2 0.1 12
1.7m-1.8m 8 3 0.1 16
1.8m-1.9m 3 3 1 0.2 6
1.9m-2m 5 0
2m-2.25m 10 4 0.1 15
2.25m-2.5m 3 5 0.3 3.6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 1 0.1 7.5
3.5m-4m 2 3 1 0.3 4
4m-4.5m 4 2 0.1 12
4.5m-5m 5 1 0 30
5.01m-6m 1 0
7.01m-8m 1 0
16.01m-17m 1 0