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 7 6 3 0.1 7
176k-200k 7 13 2 0.3 3.2
201k-225k 11 21 2 0.3 3.1
226k-250k 11 19 4 0.3 3.5
251k-275k 11 30 1 0.5 2.2
276k-300k 30 41 6 0.2 4.4
301k-325k 23 58 7 0.4 2.4
326k-350k 43 68 7 0.3 3.8
351k-375k 36 103 20 0.5 2.1
376k-400k 64 111 14 0.3 3.5
401k-425k 46 82 9 0.3 3.4
426k-450k 55 90 15 0.3 3.7
451k-475k 42 65 13 0.3 3.9
476k-500k 75 88 9 0.2 5.1
501k-550k 96 137 24 0.2 4.2
551k-600k 73 102 17 0.2 4.3
601k-650k 67 73 9 0.2 5.5
651k-700k 50 74 10 0.2 4.1
701k-750k 48 60 13 0.2 4.8
751k-800k 40 56 12 0.2 4.3
801k-850k 34 30 3 0.1 6.8
851k-900k 26 34 5 0.2 4.6
901k-950k 32 21 5 0.1 9.1
951k-1m 34 19 5 0.1 10.7
1m-1.1m 26 37 6 0.2 4.2
1.1m-1.2m 21 24 3 0.2 5.3
1.2m-1.3m 15 23 2 0.3 3.9
1.3m-1.4m 22 15 0.1 8.8
1.4m-1.5m 11 8 1 0.1 8.3
1.5m-1.6m 13 10 1 0.1 7.8
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 4 4 1 0.2 6
1.9m-2m 6 1 1 0 36
2m-2.25m 11 2 0 33
2.25m-2.5m 4 6 1 0.3 4
2.5m-2.75m 3 3 0.2 6
2.75m-3m 2 1 1 0.1 12
3m-3.5m 5 2 0.1 15
3.5m-4m 4 2 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 5 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 20 33 7 0.3 3.6
326k-350k 10 43 6 0.7 1.4
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
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 5 1 0.8 0
76k-100k 13 4 0.1 19.5
101k-125k 30 18 5 0.1 10
126k-150k 53 24 4 0.1 13.3
151k-175k 39 36 6 0.2 6.5
176k-200k 62 26 4 0.1 14.3
201k-225k 55 28 5 0.1 11.8
226k-250k 62 35 7 0.1 10.6
251k-275k 46 23 2 0.1 12
276k-300k 65 33 5 0.1 11.8
301k-325k 34 24 5 0.1 8.5
326k-350k 46 16 2 0.1 17.3
351k-375k 27 8 2 0 20.3
376k-400k 25 7 1 0 21.4
401k-425k 19 11 1 0.1 10.4
426k-450k 16 10 3 0.1 9.6
451k-475k 14 3 1 0 28
476k-500k 16 7 1 0.1 13.7
501k-550k 20 5 1 0 24
551k-600k 19 4 2 0 28.5
601k-650k 14 3 0 28
651k-700k 5 3 0.1 10
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 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 3 1 0.1 18
51k-75k 8 2 0 24
76k-100k 2 2 0.2 6
101k-125k 3 2 0.1 9
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 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 3 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
4m-4.5m 1 0
5.01m-6m 1 0