Absorption Report

Bradenton, FL, New Construction

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
126k-150k 3 1 1 0.1 18
151k-175k 7 2 1 0 21
176k-200k 3 1 0.1 18
201k-225k 4 1 0.7 0
226k-250k 2 6 0.5 2
251k-275k 2 5 2 0.4 2.4
276k-300k 4 7 1 0.3 3.4
301k-325k 5 12 0.4 2.5
326k-350k 17 29 4 0.3 3.5
351k-375k 12 58 7 0.8 1.2
376k-400k 30 56 10 0.3 3.2
401k-425k 30 43 9 0.2 4.2
426k-450k 23 59 10 0.4 2.3
451k-475k 18 47 2 0.4 2.3
476k-500k 38 67 10 0.3 3.4
501k-550k 55 93 13 0.3 3.5
551k-600k 32 65 9 0.3 3
601k-650k 27 42 5 0.3 3.9
651k-700k 30 46 5 0.3 3.9
701k-750k 24 37 6 0.3 3.9
751k-800k 16 25 4 0.3 3.8
801k-850k 7 23 2 0.5 1.8
851k-900k 8 18 4 0.4 2.7
901k-950k 11 8 2 0.1 8.3
951k-1m 15 15 2 0.2 6
1m-1.1m 10 25 3 0.4 2.4
1.1m-1.2m 11 13 1 0.2 5.1
1.2m-1.3m 4 14 2 0.6 1.7
1.3m-1.4m 6 13 3 0.4 2.8
1.4m-1.5m 5 7 0.2 4.3
1.5m-1.6m 6 6 2 0.2 6
1.6m-1.7m 3 1 1 0.1 18
1.7m-1.8m 1 2 0.3 3
1.8m-1.9m 1 2 0.3 3
1.9m-2m 3 0
2m-2.25m 3 2 0.1 9
2.25m-2.5m 2 0.3 0
2.5m-2.75m 1 0.2 0
3m-3.5m 2 2 0.2 6
3.5m-4m 1 2 1 0.3 3
4m-4.5m 2 0
4.5m-5m 4 1 0 24
5.01m-6m 1 0
7.01m-8m 1 0
16.01m-17m 1 0

Townhouses 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
176k-200k 1 0.2 0
226k-250k 1 1 1 0.2 6
251k-275k 1 1 0.2 6
276k-300k 2 12 2 1 1
301k-325k 22 21 3 0.2 6.3
326k-350k 22 55 8 0.4 2.4
351k-375k 4 24 2 1 1
376k-400k 5 2 0.1 15
401k-425k 1 1 0.2 6
426k-450k 2 1 0.1 12
476k-500k 1 0
701k-750k 1 0.2 0
751k-800k 1 0
851k-900k 1 0
1.1m-1.2m 1 0.2 0

Condos 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
76k-100k 2 3 0.3 4
101k-125k 5 2 0.1 15
126k-150k 14 13 3 0.2 6.5
151k-175k 13 12 0.2 6.5
176k-200k 16 9 2 0.1 10.7
201k-225k 13 12 2 0.2 6.5
226k-250k 11 13 2 0.2 5.1
251k-275k 13 12 2 0.2 6.5
276k-300k 11 15 1 0.2 4.4
301k-325k 12 10 1 0.1 7.2
326k-350k 10 5 0.1 12
351k-375k 4 4 1 0.2 6
376k-400k 10 2 0 30
401k-425k 10 4 0.1 15
426k-450k 6 3 1 0.1 12
451k-475k 5 1 1 0 30
476k-500k 6 2 0.1 18
501k-550k 6 5 1 0.1 7.2
551k-600k 6 1 0 36
601k-650k 8 2 0 24
651k-700k 3 1 0.1 18
701k-750k 2 2 0.2 6
751k-800k 3 0
851k-900k 1 0.2 0
1m-1.1m 1 0.2 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0