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 0
76k-100k 1 2 2 0.3 3
101k-125k 1 3 1 0.5 2
126k-150k 3 8 2 0.4 2.3
151k-175k 13 4 1 0.1 19.5
176k-200k 15 13 3 0.1 6.9
201k-225k 10 18 5 0.3 3.3
226k-250k 8 21 1 0.4 2.3
251k-275k 4 33 7 1.4 0.7
276k-300k 32 42 4 0.2 4.6
301k-325k 20 60 10 0.5 2
326k-350k 49 79 11 0.3 3.7
351k-375k 33 103 16 0.5 1.9
376k-400k 74 124 22 0.3 3.6
401k-425k 57 86 17 0.3 4
426k-450k 55 101 14 0.3 3.3
451k-475k 44 76 8 0.3 3.5
476k-500k 70 108 15 0.3 3.9
501k-550k 112 152 26 0.2 4.4
551k-600k 80 120 19 0.3 4
601k-650k 54 86 15 0.3 3.8
651k-700k 67 80 10 0.2 5
701k-750k 50 61 10 0.2 4.9
751k-800k 48 48 5 0.2 6
801k-850k 25 40 5 0.3 3.8
851k-900k 28 40 7 0.2 4.2
901k-950k 22 23 4 0.2 5.7
951k-1m 34 22 3 0.1 9.3
1m-1.1m 23 41 7 0.3 3.4
1.1m-1.2m 22 28 4 0.2 4.7
1.2m-1.3m 15 30 6 0.3 3
1.3m-1.4m 17 22 5 0.2 4.6
1.4m-1.5m 14 10 1 0.1 8.4
1.5m-1.6m 8 7 2 0.1 6.9
1.6m-1.7m 7 4 2 0.1 10.5
1.7m-1.8m 8 3 0.1 16
1.8m-1.9m 2 3 1 0.3 4
1.9m-2m 5 0
2m-2.25m 10 4 0.1 15
2.25m-2.5m 3 6 0.3 3
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 3 2 0.1 9
4.5m-5m 5 1 0 30
5.01m-6m 1 0
7.01m-8m 1 0
16.01m-17m 1 0