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 1 0.2 5.3
151k-175k 7 6 4 0.1 7
176k-200k 6 13 2 0.4 2.8
201k-225k 10 21 2 0.4 2.9
226k-250k 10 20 4 0.3 3
251k-275k 12 30 1 0.4 2.4
276k-300k 28 41 6 0.2 4.1
301k-325k 21 58 6 0.5 2.2
326k-350k 44 69 7 0.3 3.8
351k-375k 37 103 21 0.5 2.2
376k-400k 69 112 15 0.3 3.7
401k-425k 50 84 9 0.3 3.6
426k-450k 57 90 17 0.3 3.8
451k-475k 52 65 14 0.2 4.8
476k-500k 95 88 12 0.2 6.5
501k-550k 118 137 24 0.2 5.2
551k-600k 86 102 17 0.2 5.1
601k-650k 74 74 10 0.2 6
651k-700k 65 74 10 0.2 5.3
701k-750k 51 62 13 0.2 4.9
751k-800k 42 52 9 0.2 4.8
801k-850k 35 29 2 0.1 7.2
851k-900k 26 34 5 0.2 4.6
901k-950k 29 21 6 0.1 8.3
951k-1m 32 20 5 0.1 9.6
1m-1.1m 26 38 7 0.2 4.1
1.1m-1.2m 20 24 3 0.2 5
1.2m-1.3m 14 23 2 0.3 3.7
1.3m-1.4m 23 15 0.1 9.2
1.4m-1.5m 10 8 1 0.1 7.5
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 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 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 6 3 0.1 12
251k-275k 9 5 0.1 10.8
276k-300k 6 14 0.4 2.6
301k-325k 20 33 7 0.3 3.6
326k-350k 30 44 6 0.2 4.1
351k-375k 6 18 0.5 2
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 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 2 0.8 0
76k-100k 13 4 0.1 19.5
101k-125k 31 18 5 0.1 10.3
126k-150k 53 25 4 0.1 12.7
151k-175k 38 37 6 0.2 6.2
176k-200k 61 26 4 0.1 14.1
201k-225k 53 28 6 0.1 11.4
226k-250k 62 34 6 0.1 10.9
251k-275k 45 23 2 0.1 11.7
276k-300k 62 32 4 0.1 11.6
301k-325k 36 23 3 0.1 9.4
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 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 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 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