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 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 7 8 2 0.2 5.3
151k-175k 7 6 4 0.1 7
176k-200k 7 13 2 0.3 3.2
201k-225k 10 20 1 0.3 3
226k-250k 10 20 4 0.3 3
251k-275k 12 30 2 0.4 2.4
276k-300k 26 41 7 0.3 3.8
301k-325k 21 58 7 0.5 2.2
326k-350k 46 69 9 0.3 4
351k-375k 39 106 23 0.5 2.2
376k-400k 68 112 17 0.3 3.6
401k-425k 52 84 13 0.3 3.7
426k-450k 58 90 19 0.3 3.9
451k-475k 50 68 14 0.2 4.4
476k-500k 95 89 12 0.2 6.4
501k-550k 117 137 23 0.2 5.1
551k-600k 87 104 18 0.2 5
601k-650k 76 74 11 0.2 6.2
651k-700k 63 74 11 0.2 5.1
701k-750k 53 63 15 0.2 5
751k-800k 43 52 10 0.2 5
801k-850k 35 30 2 0.1 7
851k-900k 25 34 5 0.2 4.4
901k-950k 31 21 6 0.1 8.9
951k-1m 32 19 4 0.1 10.1
1m-1.1m 24 39 7 0.3 3.7
1.1m-1.2m 21 23 4 0.2 5.5
1.2m-1.3m 15 23 2 0.3 3.9
1.3m-1.4m 24 15 0.1 9.6
1.4m-1.5m 10 9 1 0.2 6.7
1.5m-1.6m 14 10 1 0.1 8.4
1.6m-1.7m 11 4 1 0.1 16.5
1.7m-1.8m 4 4 1 0.2 6
1.8m-1.9m 4 4 1 0.2 6
1.9m-2m 7 1 1 0 42
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 6 2 0.1 18
3.5m-4m 3 2 0.1 9
4m-4.5m 4 1 0 24
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 7 3 0.1 14
251k-275k 9 5 0.1 10.8
276k-300k 6 14 1 0.4 2.6
301k-325k 20 33 7 0.3 3.6
326k-350k 30 44 6 0.2 4.1
351k-375k 7 18 0.4 2.3
376k-400k 13 5 0.1 15.6
401k-425k 3 3 1 0.2 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 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 12 4 0.1 18
101k-125k 33 17 5 0.1 11.6
126k-150k 53 25 5 0.1 12.7
151k-175k 37 38 6 0.2 5.8
176k-200k 60 26 5 0.1 13.8
201k-225k 53 28 5 0.1 11.4
226k-250k 62 35 6 0.1 10.6
251k-275k 44 23 4 0.1 11.5
276k-300k 62 32 4 0.1 11.6
301k-325k 34 23 3 0.1 8.9
326k-350k 45 16 3 0.1 16.9
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 17 10 3 0.1 10.2
451k-475k 14 3 2 0 28
476k-500k 17 7 1 0.1 14.6
501k-550k 21 5 1 0 25.2
551k-600k 19 4 3 0 28.5
601k-650k 14 3 0 28
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 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 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 1 0.1 12
201k-225k 4 2 1 0.1 12
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 6 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 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 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
10.01m-11m 1 0