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 0.2 0
76k-100k 1 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 6 9 2 0.3 4
151k-175k 6 7 4 0.2 5.1
176k-200k 8 13 2 0.3 3.7
201k-225k 11 20 1 0.3 3.3
226k-250k 10 21 4 0.4 2.9
251k-275k 12 31 2 0.4 2.3
276k-300k 26 42 7 0.3 3.7
301k-325k 23 60 8 0.4 2.3
326k-350k 47 68 10 0.2 4.1
351k-375k 38 100 17 0.4 2.3
376k-400k 75 113 17 0.3 4
401k-425k 54 84 14 0.3 3.9
426k-450k 59 93 17 0.3 3.8
451k-475k 50 67 14 0.2 4.5
476k-500k 91 89 11 0.2 6.1
501k-550k 116 136 23 0.2 5.1
551k-600k 85 108 18 0.2 4.7
601k-650k 73 72 10 0.2 6.1
651k-700k 62 74 10 0.2 5
701k-750k 49 65 15 0.2 4.5
751k-800k 44 52 11 0.2 5.1
801k-850k 28 31 2 0.2 5.4
851k-900k 26 35 6 0.2 4.5
901k-950k 28 21 6 0.1 8
951k-1m 31 22 4 0.1 8.5
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 23 2 0.3 3.7
1.3m-1.4m 22 16 0.1 8.3
1.4m-1.5m 10 8 0.1 7.5
1.5m-1.6m 13 10 2 0.1 7.8
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 4 5 1 0.2 4.8
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 3 3 0.2 6
2.75m-3m 2 1 1 0.1 12
3m-3.5m 5 2 0.1 15
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