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 8 8 4 0.2 6
176k-200k 9 13 1 0.2 4.2
201k-225k 10 22 2 0.4 2.7
226k-250k 12 18 4 0.3 4
251k-275k 11 31 2 0.5 2.1
276k-300k 28 43 8 0.3 3.9
301k-325k 26 60 7 0.4 2.6
326k-350k 40 69 7 0.3 3.5
351k-375k 37 103 20 0.5 2.2
376k-400k 67 110 14 0.3 3.7
401k-425k 48 83 8 0.3 3.5
426k-450k 55 90 15 0.3 3.7
451k-475k 43 65 12 0.3 4
476k-500k 80 87 9 0.2 5.5
501k-550k 100 140 27 0.2 4.3
551k-600k 71 103 19 0.2 4.1
601k-650k 69 74 10 0.2 5.6
651k-700k 52 74 10 0.2 4.2
701k-750k 47 60 13 0.2 4.7
751k-800k 42 58 12 0.2 4.3
801k-850k 36 30 3 0.1 7.2
851k-900k 30 34 4 0.2 5.3
901k-950k 32 21 5 0.1 9.1
951k-1m 37 20 4 0.1 11.1
1m-1.1m 24 38 7 0.3 3.8
1.1m-1.2m 21 24 3 0.2 5.3
1.2m-1.3m 19 23 2 0.2 5
1.3m-1.4m 24 15 0.1 9.6
1.4m-1.5m 9 8 1 0.1 6.8
1.5m-1.6m 15 10 1 0.1 9
1.6m-1.7m 9 4 1 0.1 13.5
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 5 1 1 0 30
2m-2.25m 11 2 0 33
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 4 1 1 0 24
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 4 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