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 5 2 0.8 1.2
101k-125k 2 3 0.3 4
126k-150k 7 8 1 0.2 5.3
151k-175k 7 7 3 0.2 6
176k-200k 8 13 2 0.3 3.7
201k-225k 10 22 2 0.4 2.7
226k-250k 11 19 4 0.3 3.5
251k-275k 11 32 2 0.5 2.1
276k-300k 29 42 7 0.2 4.1
301k-325k 23 59 7 0.4 2.3
326k-350k 44 68 7 0.3 3.9
351k-375k 36 103 20 0.5 2.1
376k-400k 66 111 14 0.3 3.6
401k-425k 48 82 9 0.3 3.5
426k-450k 54 90 15 0.3 3.6
451k-475k 44 65 13 0.2 4.1
476k-500k 77 88 9 0.2 5.3
501k-550k 96 137 24 0.2 4.2
551k-600k 72 102 17 0.2 4.2
601k-650k 67 73 9 0.2 5.5
651k-700k 50 74 10 0.2 4.1
701k-750k 47 60 13 0.2 4.7
751k-800k 41 56 12 0.2 4.4
801k-850k 33 30 3 0.2 6.6
851k-900k 28 34 5 0.2 4.9
901k-950k 32 21 5 0.1 9.1
951k-1m 36 19 5 0.1 11.4
1m-1.1m 26 37 6 0.2 4.2
1.1m-1.2m 21 24 3 0.2 5.3
1.2m-1.3m 17 23 2 0.2 4.4
1.3m-1.4m 22 15 0.1 8.8
1.4m-1.5m 11 8 1 0.1 8.3
1.5m-1.6m 13 10 1 0.1 7.8
1.6m-1.7m 10 4 1 0.1 15
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 3 1 1 0.1 18
3m-3.5m 4 2 0.1 12
3.5m-4m 4 2 0.1 12
4m-4.5m 3 1 0.1 18
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