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 2 3 1 0.3 4
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 7 7 3 0.2 6
176k-200k 11 14 3 0.2 4.7
201k-225k 9 21 3 0.4 2.6
226k-250k 10 21 4 0.4 2.9
251k-275k 8 33 3 0.7 1.5
276k-300k 29 41 7 0.2 4.2
301k-325k 20 61 8 0.5 2
326k-350k 52 74 12 0.2 4.2
351k-375k 45 102 15 0.4 2.6
376k-400k 78 115 16 0.2 4.1
401k-425k 51 87 17 0.3 3.5
426k-450k 59 100 15 0.3 3.5
451k-475k 46 75 12 0.3 3.7
476k-500k 79 93 10 0.2 5.1
501k-550k 115 138 18 0.2 5
551k-600k 86 107 10 0.2 4.8
601k-650k 71 81 12 0.2 5.3
651k-700k 62 77 12 0.2 4.8
701k-750k 49 60 13 0.2 4.9
751k-800k 41 50 10 0.2 4.9
801k-850k 27 35 4 0.2 4.6
851k-900k 26 37 4 0.2 4.2
901k-950k 27 21 5 0.1 7.7
951k-1m 33 25 6 0.1 7.9
1m-1.1m 24 39 7 0.3 3.7
1.1m-1.2m 21 25 3 0.2 5
1.2m-1.3m 14 27 3 0.3 3.1
1.3m-1.4m 21 19 0.2 6.6
1.4m-1.5m 13 8 0.1 9.8
1.5m-1.6m 13 9 3 0.1 8.7
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 4 1 0.2 4.5
1.9m-2m 8 1 1 0 48
2m-2.25m 10 3 0.1 20
2.25m-2.5m 6 6 1 0.2 6
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 4 3 0.1 8
3.5m-4m 2 3 0.3 4
4m-4.5m 4 1 0 24
4.5m-5m 6 0
5.01m-6m 1 1 0.2 0
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 0