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 1 5 2 0.8 1.2
101k-125k 2 3 0.3 4
126k-150k 7 8 1 0.2 5.3
151k-175k 9 7 4 0.1 7.7
176k-200k 8 13 1 0.3 3.7
201k-225k 10 21 2 0.4 2.9
226k-250k 12 19 5 0.3 3.8
251k-275k 11 31 3 0.5 2.1
276k-300k 28 43 8 0.3 3.9
301k-325k 26 59 7 0.4 2.6
326k-350k 41 69 7 0.3 3.6
351k-375k 37 103 20 0.5 2.2
376k-400k 68 111 15 0.3 3.7
401k-425k 48 83 8 0.3 3.5
426k-450k 56 90 15 0.3 3.7
451k-475k 45 65 12 0.2 4.2
476k-500k 80 87 9 0.2 5.5
501k-550k 103 140 27 0.2 4.4
551k-600k 71 103 19 0.2 4.1
601k-650k 69 74 10 0.2 5.6
651k-700k 51 74 10 0.2 4.1
701k-750k 47 60 13 0.2 4.7
751k-800k 42 58 12 0.2 4.3
801k-850k 36 31 4 0.1 7
851k-900k 30 34 4 0.2 5.3
901k-950k 33 21 5 0.1 9.4
951k-1m 38 20 4 0.1 11.4
1m-1.1m 23 38 7 0.3 3.6
1.1m-1.2m 22 24 3 0.2 5.5
1.2m-1.3m 17 23 2 0.2 4.4
1.3m-1.4m 23 15 0.1 9.2
1.4m-1.5m 9 8 1 0.1 6.8
1.5m-1.6m 15 10 1 0.1 9
1.6m-1.7m 9 4 1 0.1 13.5
1.7m-1.8m 5 4 1 0.1 7.5
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 4 1 1 0 24
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 4 1 1 0 24
3m-3.5m 4 2 0.1 12
3.5m-4m 4 2 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 4 0
5.01m-6m 1 1 0.2 0
6.01m-7m 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 5 3 0.1 10
251k-275k 9 5 0.1 10.8
276k-300k 6 13 0.4 2.8
301k-325k 19 33 7 0.3 3.5
326k-350k 18 44 7 0.4 2.5
351k-375k 5 18 0.6 1.7
376k-400k 10 5 0.1 12
401k-425k 3 3 1 0.2 6
426k-450k 4 5 2 0.2 4.8
476k-500k 1 0
501k-550k 1 0.2 0
601k-650k 1 0
651k-700k 1 1 1 0.2 6
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.3m-1.4m 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 1 5 1 0.8 1.2
76k-100k 12 4 0.1 18
101k-125k 32 18 4 0.1 10.7
126k-150k 50 25 4 0.1 12
151k-175k 39 36 5 0.2 6.5
176k-200k 62 26 4 0.1 14.3
201k-225k 56 29 6 0.1 11.6
226k-250k 60 36 8 0.1 10
251k-275k 47 23 2 0.1 12.3
276k-300k 66 34 4 0.1 11.6
301k-325k 36 24 5 0.1 9
326k-350k 46 17 3 0.1 16.2
351k-375k 27 8 2 0 20.3
376k-400k 25 9 3 0.1 16.7
401k-425k 20 11 1 0.1 10.9
426k-450k 20 10 2 0.1 12
451k-475k 14 3 0 28
476k-500k 16 6 1 0.1 16
501k-550k 20 5 1 0 24
551k-600k 19 4 2 0 28.5
601k-650k 16 3 0 32
651k-700k 6 3 0.1 12
701k-750k 4 2 1 0.1 12
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 3 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 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 3 1 0.1 18
51k-75k 8 2 0 24
76k-100k 2 2 0.2 6
101k-125k 4 2 0.1 12
126k-150k 2 0
151k-175k 3 1 0.1 18
176k-200k 2 2 1 0.2 6
201k-225k 3 2 1 0.1 9
226k-250k 4 0
251k-275k 1 0
276k-300k 3 2 1 0.1 9
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 0.2 0
426k-450k 7 0
451k-475k 4 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 1 1 1 0.2 6
651k-700k 1 0
751k-800k 2 0
851k-900k 2 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 2 0
1.1m-1.2m 1 0
1.2m-1.3m 3 0
1.4m-1.5m 1 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
4m-4.5m 1 0
5.01m-6m 1 0