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 7 4 0.1 6.9
176k-200k 9 13 2 0.2 4.2
201k-225k 9 20 3 0.4 2.7
226k-250k 11 22 5 0.3 3
251k-275k 11 31 2 0.5 2.1
276k-300k 28 41 8 0.2 4.1
301k-325k 21 61 9 0.5 2.1
326k-350k 48 71 12 0.2 4.1
351k-375k 42 105 19 0.4 2.4
376k-400k 76 117 17 0.3 3.9
401k-425k 56 89 16 0.3 3.8
426k-450k 60 103 19 0.3 3.5
451k-475k 49 71 11 0.2 4.1
476k-500k 84 91 9 0.2 5.5
501k-550k 114 142 20 0.2 4.8
551k-600k 88 104 14 0.2 5.1
601k-650k 73 80 14 0.2 5.5
651k-700k 64 77 12 0.2 5
701k-750k 48 66 19 0.2 4.4
751k-800k 46 51 10 0.2 5.4
801k-850k 26 32 5 0.2 4.9
851k-900k 25 36 5 0.2 4.2
901k-950k 28 21 6 0.1 8
951k-1m 33 24 4 0.1 8.3
1m-1.1m 21 39 7 0.3 3.2
1.1m-1.2m 21 25 4 0.2 5
1.2m-1.3m 12 26 3 0.4 2.8
1.3m-1.4m 22 17 0.1 7.8
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 14 9 1 0.1 9.3
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 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

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 8 5 3 0.1 9.6
276k-300k 5 14 2 0.5 2.1
301k-325k 21 31 8 0.2 4.1
326k-350k 30 46 2 0.3 3.9
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 5 1 0.1 18
101k-125k 26 16 5 0.1 9.8
126k-150k 57 24 5 0.1 14.3
151k-175k 38 37 6 0.2 6.2
176k-200k 56 28 5 0.1 12
201k-225k 51 32 2 0.1 9.6
226k-250k 64 34 6 0.1 11.3
251k-275k 48 24 6 0.1 12
276k-300k 58 37 4 0.1 9.4
301k-325k 40 23 2 0.1 10.4
326k-350k 41 17 5 0.1 14.5
351k-375k 23 7 1 0.1 19.7
376k-400k 24 7 1 0 20.6
401k-425k 23 11 1 0.1 12.5
426k-450k 16 10 5 0.1 9.6
451k-475k 14 5 2 0.1 16.8
476k-500k 21 8 3 0.1 15.8
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 0
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 5 1 0 30
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 1 1 0.1 12
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