Absorption Report

Bradenton, FL

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 2 3 1 0.3 4
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 8 6 3 0.1 8
176k-200k 10 13 2 0.2 4.6
201k-225k 9 20 3 0.4 2.7
226k-250k 12 22 5 0.3 3.3
251k-275k 9 32 3 0.6 1.7
276k-300k 29 42 8 0.2 4.1
301k-325k 21 60 9 0.5 2.1
326k-350k 49 74 12 0.3 4
351k-375k 43 106 20 0.4 2.4
376k-400k 77 116 18 0.3 4
401k-425k 56 90 19 0.3 3.7
426k-450k 59 105 20 0.3 3.4
451k-475k 48 77 14 0.3 3.7
476k-500k 84 93 9 0.2 5.4
501k-550k 116 142 21 0.2 4.9
551k-600k 88 112 15 0.2 4.7
601k-650k 75 82 14 0.2 5.5
651k-700k 63 79 14 0.2 4.8
701k-750k 47 65 18 0.2 4.3
751k-800k 44 52 11 0.2 5.1
801k-850k 25 35 5 0.2 4.3
851k-900k 25 37 5 0.2 4.1
901k-950k 28 21 5 0.1 8
951k-1m 32 25 4 0.1 7.7
1m-1.1m 22 40 7 0.3 3.3
1.1m-1.2m 21 26 4 0.2 4.8
1.2m-1.3m 12 27 3 0.4 2.7
1.3m-1.4m 22 18 0.1 7.3
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 15 9 2 0.1 10
1.6m-1.7m 10 3 0.1 20
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 5 2 0.3 3.6
1.9m-2m 7 1 1 0 42
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 1 0
3m-3.5m 4 3 0.1 8
3.5m-4m 3 3 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

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
226k-250k 6 3 1 0.1 12
251k-275k 7 5 3 0.1 8.4
276k-300k 5 15 2 0.5 2
301k-325k 21 31 8 0.2 4.1
326k-350k 30 49 3 0.3 3.7
351k-375k 9 26 0.5 2.1
376k-400k 15 5 0.1 18
401k-425k 3 5 1 0.3 3.6
426k-450k 4 5 3 0.2 4.8
476k-500k 1 0
501k-550k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1m-1.1m 1 0
1.3m-1.4m 1 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
26k-50k 1 0.2 0
51k-75k 5 2 0.8 0
76k-100k 15 6 1 0.1 15
101k-125k 27 15 5 0.1 10.8
126k-150k 56 24 5 0.1 14
151k-175k 39 37 6 0.2 6.3
176k-200k 56 29 6 0.1 11.6
201k-225k 51 32 2 0.1 9.6
226k-250k 63 36 7 0.1 10.5
251k-275k 47 23 5 0.1 12.3
276k-300k 59 38 4 0.1 9.3
301k-325k 40 25 3 0.1 9.6
326k-350k 41 17 5 0.1 14.5
351k-375k 24 7 1 0 20.6
376k-400k 23 8 1 0.1 17.3
401k-425k 23 11 1 0.1 12.5
426k-450k 16 10 5 0.1 9.6
451k-475k 14 7 2 0.1 12
476k-500k 21 9 3 0.1 14
501k-550k 21 6 0 21
551k-600k 17 3 2 0 34
601k-650k 15 3 0 30
651k-700k 6 3 1 0.1 12
701k-750k 3 2 1 0.1 9
751k-800k 5 1 0 30
801k-850k 1 0
851k-900k 2 1 0.1 12
901k-950k 3 1 1 0.1 18
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 0

Land 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
26k-50k 2 1 0.1 12
51k-75k 9 2 0 27
76k-100k 3 2 0.1 9
101k-125k 3 2 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 2 1 0.1 12
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 4 2 1 0.1 12
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 6 1 1 0 36
401k-425k 1 1 0.2 0
426k-450k 6 0
451k-475k 4 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
851k-900k 3 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
4m-4.5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0