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 3 3 2 0.2 6
101k-125k 1 3 1 0.5 2
126k-150k 4 8 0.3 3
151k-175k 11 4 0.1 16.5
176k-200k 13 12 2 0.2 6.5
201k-225k 9 20 5 0.4 2.7
226k-250k 6 23 4 0.6 1.6
251k-275k 8 35 6 0.7 1.4
276k-300k 28 41 6 0.2 4.1
301k-325k 21 62 9 0.5 2
326k-350k 48 82 10 0.3 3.5
351k-375k 33 106 19 0.5 1.9
376k-400k 78 124 17 0.3 3.8
401k-425k 54 82 12 0.3 4
426k-450k 53 100 9 0.3 3.2
451k-475k 49 74 10 0.3 4
476k-500k 74 103 10 0.2 4.3
501k-550k 111 138 14 0.2 4.8
551k-600k 82 116 10 0.2 4.2
601k-650k 64 85 13 0.2 4.5
651k-700k 65 78 10 0.2 5
701k-750k 44 63 12 0.2 4.2
751k-800k 50 47 5 0.2 6.4
801k-850k 26 41 6 0.3 3.8
851k-900k 29 39 5 0.2 4.5
901k-950k 24 21 2 0.1 6.9
951k-1m 36 22 3 0.1 9.8
1m-1.1m 23 40 7 0.3 3.5
1.1m-1.2m 22 27 2 0.2 4.9
1.2m-1.3m 16 27 4 0.3 3.6
1.3m-1.4m 20 20 2 0.2 6
1.4m-1.5m 13 9 1 0.1 8.7
1.5m-1.6m 9 8 2 0.1 6.8
1.6m-1.7m 10 4 1 0.1 15
1.7m-1.8m 7 3 0.1 14
1.8m-1.9m 4 4 2 0.2 6
1.9m-2m 6 0
2m-2.25m 10 4 0.1 15
2.25m-2.5m 4 5 0.2 4.8
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