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 6 10 2 0.3 3.6
151k-175k 7 8 4 0.2 5.3
176k-200k 9 13 2 0.2 4.2
201k-225k 11 20 1 0.3 3.3
226k-250k 11 21 3 0.3 3.1
251k-275k 11 32 2 0.5 2.1
276k-300k 29 41 7 0.2 4.2
301k-325k 22 61 7 0.5 2.2
326k-350k 47 69 8 0.2 4.1
351k-375k 43 103 15 0.4 2.5
376k-400k 74 118 17 0.3 3.8
401k-425k 53 88 16 0.3 3.6
426k-450k 61 101 18 0.3 3.6
451k-475k 52 70 13 0.2 4.5
476k-500k 88 94 11 0.2 5.6
501k-550k 114 139 19 0.2 4.9
551k-600k 86 105 14 0.2 4.9
601k-650k 74 76 12 0.2 5.8
651k-700k 63 74 11 0.2 5.1
701k-750k 49 67 16 0.2 4.4
751k-800k 43 51 9 0.2 5.1
801k-850k 25 31 3 0.2 4.8
851k-900k 25 36 5 0.2 4.2
901k-950k 28 21 6 0.1 8
951k-1m 32 23 3 0.1 8.3
1m-1.1m 24 39 7 0.3 3.7
1.1m-1.2m 20 24 4 0.2 5
1.2m-1.3m 14 25 2 0.3 3.4
1.3m-1.4m 21 16 0.1 7.9
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 13 9 1 0.1 8.7
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 7 4 1 0.1 10.5
1.8m-1.9m 3 5 2 0.3 3.6
1.9m-2m 6 1 1 0 36
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 1 1 0.2 6
3m-3.5m 4 3 0.1 8
3.5m-4m 2 2 0.2 6
4m-4.5m 5 1 0 30
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