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 2 0.3 3
101k-125k 1 3 1 0.5 2
126k-150k 3 8 2 0.4 2.3
151k-175k 13 4 1 0.1 19.5
176k-200k 14 12 3 0.1 7
201k-225k 11 18 5 0.3 3.7
226k-250k 6 21 1 0.6 1.7
251k-275k 3 34 8 1.9 0.5
276k-300k 30 41 4 0.2 4.4
301k-325k 21 60 8 0.5 2.1
326k-350k 50 79 12 0.3 3.8
351k-375k 34 105 18 0.5 1.9
376k-400k 75 125 24 0.3 3.6
401k-425k 56 86 16 0.3 3.9
426k-450k 56 101 14 0.3 3.3
451k-475k 45 77 10 0.3 3.5
476k-500k 72 108 13 0.3 4
501k-550k 110 150 23 0.2 4.4
551k-600k 80 121 16 0.3 4
601k-650k 59 86 16 0.2 4.1
651k-700k 68 80 11 0.2 5.1
701k-750k 49 63 12 0.2 4.7
751k-800k 49 47 4 0.2 6.3
801k-850k 25 41 6 0.3 3.7
851k-900k 30 40 7 0.2 4.5
901k-950k 21 23 3 0.2 5.5
951k-1m 33 21 3 0.1 9.4
1m-1.1m 24 41 7 0.3 3.5
1.1m-1.2m 22 28 3 0.2 4.7
1.2m-1.3m 16 30 6 0.3 3.2
1.3m-1.4m 17 22 3 0.2 4.6
1.4m-1.5m 14 9 1 0.1 9.3
1.5m-1.6m 8 7 2 0.1 6.9
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