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 7 6 3 0.1 7
176k-200k 11 13 2 0.2 5.1
201k-225k 9 20 3 0.4 2.7
226k-250k 10 21 4 0.4 2.9
251k-275k 9 32 3 0.6 1.7
276k-300k 28 42 8 0.3 4
301k-325k 19 60 8 0.5 1.9
326k-350k 52 74 12 0.2 4.2
351k-375k 44 103 16 0.4 2.6
376k-400k 79 117 18 0.2 4.1
401k-425k 52 88 18 0.3 3.5
426k-450k 61 100 15 0.3 3.7
451k-475k 46 75 12 0.3 3.7
476k-500k 79 93 10 0.2 5.1
501k-550k 116 138 18 0.2 5
551k-600k 91 107 10 0.2 5.1
601k-650k 71 82 13 0.2 5.2
651k-700k 60 77 12 0.2 4.7
701k-750k 49 62 15 0.2 4.7
751k-800k 42 51 11 0.2 4.9
801k-850k 27 35 4 0.2 4.6
851k-900k 26 38 5 0.2 4.1
901k-950k 27 21 5 0.1 7.7
951k-1m 32 25 6 0.1 7.7
1m-1.1m 23 40 8 0.3 3.5
1.1m-1.2m 21 26 4 0.2 4.8
1.2m-1.3m 13 27 3 0.3 2.9
1.3m-1.4m 22 19 0.1 6.9
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 15 9 3 0.1 10
1.6m-1.7m 11 3 0 22
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 4 1 0.2 4.5
1.9m-2m 8 1 1 0 48
2m-2.25m 10 3 0.1 20
2.25m-2.5m 6 6 1 0.2 6
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 3 0.3 4
4m-4.5m 4 1 0 24
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 4 3 2 0.1 8
251k-275k 7 5 3 0.1 8.4
276k-300k 4 15 2 0.6 1.6
301k-325k 22 29 6 0.2 4.6
326k-350k 31 48 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 4 2 0.2 6
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 14 6 1 0.1 14
101k-125k 26 15 5 0.1 10.4
126k-150k 54 24 5 0.1 13.5
151k-175k 38 36 6 0.2 6.3
176k-200k 61 28 6 0.1 13.1
201k-225k 51 33 2 0.1 9.3
226k-250k 63 35 6 0.1 10.8
251k-275k 45 23 5 0.1 11.7
276k-300k 60 38 6 0.1 9.5
301k-325k 38 25 3 0.1 9.1
326k-350k 42 15 3 0.1 16.8
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 15 11 5 0.1 8.2
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 1 2 1 0.3 3
751k-800k 6 1 0 36
801k-850k 1 1 0.2 6
851k-900k 2 1 0.1 12
901k-950k 3 0
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 10 2 0 30
76k-100k 3 2 0.1 9
101k-125k 3 2 1 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 4 1 0 24
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
1.2m-1.3m 2 0
1.3m-1.4m 1 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