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 1 1 0.2 6
76k-100k 1 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 7 7 4 0.2 6
176k-200k 10 13 2 0.2 4.6
201k-225k 11 20 1 0.3 3.3
226k-250k 10 22 3 0.4 2.7
251k-275k 12 32 3 0.4 2.3
276k-300k 30 41 6 0.2 4.4
301k-325k 23 62 8 0.4 2.2
326k-350k 45 67 8 0.2 4
351k-375k 40 103 17 0.4 2.3
376k-400k 76 118 18 0.3 3.9
401k-425k 56 88 15 0.3 3.8
426k-450k 59 97 19 0.3 3.6
451k-475k 52 70 15 0.2 4.5
476k-500k 91 93 12 0.2 5.9
501k-550k 119 135 20 0.2 5.3
551k-600k 85 105 13 0.2 4.9
601k-650k 75 73 10 0.2 6.2
651k-700k 65 73 9 0.2 5.3
701k-750k 50 67 14 0.2 4.5
751k-800k 44 51 9 0.2 5.2
801k-850k 28 29 0.2 5.8
851k-900k 25 35 5 0.2 4.3
901k-950k 27 21 5 0.1 7.7
951k-1m 32 23 4 0.1 8.3
1m-1.1m 25 39 6 0.3 3.8
1.1m-1.2m 21 24 4 0.2 5.3
1.2m-1.3m 14 24 2 0.3 3.5
1.3m-1.4m 21 16 0.1 7.9
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 12 9 1 0.1 8
1.6m-1.7m 10 3 0.1 20
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 5 1 0.3 3.6
1.9m-2m 7 1 1 0 42
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 2 1 1 0.1 12
3m-3.5m 4 3 0.1 8
3.5m-4m 3 2 0.1 9
4m-4.5m 5 1 0 30
4.5m-5m 5 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 0