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 0.2 0
76k-100k 1 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 6 9 2 0.3 4
151k-175k 6 6 4 0.2 6
176k-200k 8 13 2 0.3 3.7
201k-225k 11 19 1 0.3 3.5
226k-250k 9 21 4 0.4 2.6
251k-275k 12 30 2 0.4 2.4
276k-300k 25 42 7 0.3 3.6
301k-325k 23 59 8 0.4 2.3
326k-350k 46 68 10 0.2 4.1
351k-375k 37 100 17 0.5 2.2
376k-400k 74 113 17 0.3 3.9
401k-425k 53 84 14 0.3 3.8
426k-450k 58 93 17 0.3 3.7
451k-475k 49 67 14 0.2 4.4
476k-500k 91 89 11 0.2 6.1
501k-550k 116 136 23 0.2 5.1
551k-600k 84 108 18 0.2 4.7
601k-650k 73 72 10 0.2 6.1
651k-700k 62 74 10 0.2 5
701k-750k 50 65 15 0.2 4.6
751k-800k 43 52 11 0.2 5
801k-850k 28 31 2 0.2 5.4
851k-900k 25 35 6 0.2 4.3
901k-950k 28 21 6 0.1 8
951k-1m 31 22 4 0.1 8.5
1m-1.1m 23 39 6 0.3 3.5
1.1m-1.2m 21 24 4 0.2 5.3
1.2m-1.3m 13 23 2 0.3 3.4
1.3m-1.4m 22 16 0.1 8.3
1.4m-1.5m 10 8 0.1 7.5
1.5m-1.6m 13 10 2 0.1 7.8
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 4 5 1 0.2 4.8
1.9m-2m 8 1 1 0 48
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 5 1 0 30
4.5m-5m 5 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 7 3 0.1 14
251k-275k 8 5 1 0.1 9.6
276k-300k 6 14 1 0.4 2.6
301k-325k 20 33 7 0.3 3.6
326k-350k 28 44 6 0.3 3.8
351k-375k 7 18 0.4 2.3
376k-400k 13 5 0.1 15.6
401k-425k 3 4 1 0.2 4.5
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 6 3 1 0
76k-100k 12 4 0.1 18
101k-125k 31 17 5 0.1 10.9
126k-150k 52 25 6 0.1 12.5
151k-175k 34 36 5 0.2 5.7
176k-200k 57 28 5 0.1 12.2
201k-225k 51 27 3 0.1 11.3
226k-250k 62 36 7 0.1 10.3
251k-275k 45 24 4 0.1 11.3
276k-300k 61 34 4 0.1 10.8
301k-325k 32 22 2 0.1 8.7
326k-350k 46 17 5 0.1 16.2
351k-375k 26 7 1 0 22.3
376k-400k 23 7 1 0.1 19.7
401k-425k 20 11 2 0.1 10.9
426k-450k 16 10 4 0.1 9.6
451k-475k 13 4 2 0.1 19.5
476k-500k 17 7 2 0.1 14.6
501k-550k 21 6 1 0 21
551k-600k 21 4 3 0 31.5
601k-650k 13 3 0 26
651k-700k 6 3 0.1 12
701k-750k 4 2 1 0.1 12
751k-800k 4 1 0 24
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 3 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
4m-4.5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0