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
76k-100k 2 2 1 0.2 6
101k-125k 1 3 1 0.5 2
126k-150k 4 8 2 0.3 3
151k-175k 12 4 1 0.1 18
176k-200k 12 12 3 0.2 6
201k-225k 10 19 5 0.3 3.2
226k-250k 6 23 3 0.6 1.6
251k-275k 4 34 7 1.4 0.7
276k-300k 30 42 5 0.2 4.3
301k-325k 18 61 10 0.6 1.8
326k-350k 49 81 11 0.3 3.6
351k-375k 34 106 17 0.5 1.9
376k-400k 75 125 20 0.3 3.6
401k-425k 53 85 17 0.3 3.7
426k-450k 55 100 14 0.3 3.3
451k-475k 43 75 9 0.3 3.4
476k-500k 73 107 12 0.2 4.1
501k-550k 110 144 22 0.2 4.6
551k-600k 79 118 13 0.2 4
601k-650k 63 85 13 0.2 4.4
651k-700k 65 79 12 0.2 4.9
701k-750k 44 62 11 0.2 4.3
751k-800k 50 48 5 0.2 6.3
801k-850k 25 39 6 0.3 3.8
851k-900k 28 39 5 0.2 4.3
901k-950k 24 23 2 0.2 6.3
951k-1m 32 22 4 0.1 8.7
1m-1.1m 24 40 6 0.3 3.6
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 20 21 3 0.2 5.7
1.4m-1.5m 13 9 1 0.1 8.7
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