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
76k-100k 2 3 2 0.3 4
101k-125k 1 3 1 0.5 2
126k-150k 5 8 0.3 3.8
151k-175k 10 3 0.1 20
176k-200k 13 12 1 0.2 6.5
201k-225k 8 19 4 0.4 2.5
226k-250k 6 23 3 0.6 1.6
251k-275k 7 34 4 0.8 1.2
276k-300k 28 39 5 0.2 4.3
301k-325k 20 61 6 0.5 2
326k-350k 47 78 9 0.3 3.6
351k-375k 34 101 18 0.5 2
376k-400k 75 119 15 0.3 3.8
401k-425k 57 80 10 0.2 4.3
426k-450k 51 97 8 0.3 3.2
451k-475k 50 72 9 0.2 4.2
476k-500k 76 100 10 0.2 4.6
501k-550k 110 133 11 0.2 5
551k-600k 84 114 7 0.2 4.4
601k-650k 67 80 10 0.2 5
651k-700k 67 73 9 0.2 5.5
701k-750k 44 62 11 0.2 4.3
751k-800k 48 46 3 0.2 6.3
801k-850k 25 38 4 0.3 3.9
851k-900k 28 35 4 0.2 4.8
901k-950k 23 19 2 0.1 7.3
951k-1m 33 22 3 0.1 9
1m-1.1m 22 40 6 0.3 3.3
1.1m-1.2m 21 25 1 0.2 5
1.2m-1.3m 14 26 3 0.3 3.2
1.3m-1.4m 18 20 2 0.2 5.4
1.4m-1.5m 14 9 0.1 9.3
1.5m-1.6m 9 8 2 0.1 6.8
1.6m-1.7m 10 3 1 0.1 20
1.7m-1.8m 7 3 0.1 14
1.8m-1.9m 4 4 2 0.2 6
1.9m-2m 6 0
2m-2.25m 10 3 0.1 20
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 1 3 0.5 2
2.75m-3m 1 0
3m-3.5m 5 4 0.1 7.5
3.5m-4m 2 3 0.3 4
4m-4.5m 4 2 0.1 12
4.5m-5m 5 0
5.01m-6m 1 0
7.01m-8m 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 3 3 3 0.2 6
251k-275k 6 3 1 0.1 12
276k-300k 5 14 3 0.5 2.1
301k-325k 22 25 2 0.2 5.3
326k-350k 32 50 2 0.3 3.8
351k-375k 12 28 1 0.4 2.6
376k-400k 16 5 0.1 19.2
401k-425k 3 4 0.2 4.5
426k-450k 3 2 0.1 9
476k-500k 1 0
501k-550k 1 0.2 0
701k-750k 2 1 0.1 12
751k-800k 1 0
851k-900k 1 0
901k-950k 1 0.2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.3m-1.4m 1 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 4 0.7 0
76k-100k 12 6 1 0.1 12
101k-125k 24 14 3 0.1 10.3
126k-150k 48 21 5 0.1 13.7
151k-175k 43 34 2 0.1 7.6
176k-200k 55 27 3 0.1 12.2
201k-225k 60 35 2 0.1 10.3
226k-250k 54 31 2 0.1 10.5
251k-275k 41 22 2 0.1 11.2
276k-300k 51 44 3 0.1 7
301k-325k 34 27 2 0.1 7.6
326k-350k 34 14 0.1 14.6
351k-375k 22 7 1 0.1 18.9
376k-400k 24 7 0 20.6
401k-425k 19 11 0.1 10.4
426k-450k 13 10 1 0.1 7.8
451k-475k 9 5 0.1 10.8
476k-500k 21 10 1 0.1 12.6
501k-550k 21 6 0 21
551k-600k 13 3 0 26
601k-650k 13 4 0.1 19.5
651k-700k 6 3 1 0.1 12
701k-750k 2 1 0.1 12
751k-800k 5 1 0 30
801k-850k 1 1 0.2 6
851k-900k 1 1 0.2 6
901k-950k 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 2 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 1 1 0.2 6
51k-75k 8 2 0 24
76k-100k 3 2 0.1 9
101k-125k 3 2 2 0.1 9
126k-150k 4 0
151k-175k 2 1 0.1 12
176k-200k 2 1 0.1 12
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 5 1 0 30
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 4 0
401k-425k 1 1 0.2 0
426k-450k 6 0
451k-475k 3 0
476k-500k 3 0
501k-550k 1 0.2 0
551k-600k 2 0
601k-650k 2 1 0.1 12
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
851k-900k 2 0
901k-950k 1 1 0.2 6
951k-1m 4 0
1m-1.1m 2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.6m-1.7m 2 1 0.1 12
1.8m-1.9m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
4m-4.5m 1 0
10.01m-11m 1 0