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 7 8 2 0.2 5.3
151k-175k 7 7 4 0.2 6
176k-200k 7 13 2 0.3 3.2
201k-225k 10 21 1 0.4 2.9
226k-250k 10 20 4 0.3 3
251k-275k 12 31 2 0.4 2.3
276k-300k 27 41 7 0.3 4
301k-325k 20 59 7 0.5 2
326k-350k 46 69 9 0.3 4
351k-375k 39 106 23 0.5 2.2
376k-400k 69 112 17 0.3 3.7
401k-425k 50 84 13 0.3 3.6
426k-450k 58 90 19 0.3 3.9
451k-475k 51 68 14 0.2 4.5
476k-500k 96 89 12 0.2 6.5
501k-550k 117 137 23 0.2 5.1
551k-600k 87 104 18 0.2 5
601k-650k 76 74 11 0.2 6.2
651k-700k 65 74 11 0.2 5.3
701k-750k 51 63 15 0.2 4.9
751k-800k 42 52 10 0.2 4.8
801k-850k 35 30 2 0.1 7
851k-900k 25 34 5 0.2 4.4
901k-950k 31 21 6 0.1 8.9
951k-1m 32 20 5 0.1 9.6
1m-1.1m 25 39 7 0.3 3.8
1.1m-1.2m 21 24 5 0.2 5.3
1.2m-1.3m 17 23 2 0.2 4.4
1.3m-1.4m 24 15 0.1 9.6
1.4m-1.5m 10 9 1 0.2 6.7
1.5m-1.6m 14 10 1 0.1 8.4
1.6m-1.7m 11 4 1 0.1 16.5
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 6 1 1 0 36
2m-2.25m 11 2 0 33
2.25m-2.5m 4 6 1 0.3 4
2.5m-2.75m 3 3 0.2 6
2.75m-3m 2 1 1 0.1 12
3m-3.5m 6 2 0.1 18
3.5m-4m 3 2 0.1 9
4m-4.5m 4 1 0 24
4.5m-5m 5 0
5.01m-6m 1 1 0.2 0
6.01m-7m 1 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 0