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 20 5 0.4 2.4
226k-250k 6 23 3 0.6 1.6
251k-275k 7 34 4 0.8 1.2
276k-300k 29 39 5 0.2 4.5
301k-325k 19 61 6 0.5 1.9
326k-350k 47 79 10 0.3 3.6
351k-375k 31 101 18 0.5 1.8
376k-400k 76 122 18 0.3 3.7
401k-425k 57 82 12 0.2 4.2
426k-450k 51 101 12 0.3 3
451k-475k 50 73 10 0.2 4.1
476k-500k 75 103 13 0.2 4.4
501k-550k 110 135 13 0.2 4.9
551k-600k 84 114 7 0.2 4.4
601k-650k 70 80 10 0.2 5.3
651k-700k 65 74 10 0.2 5.3
701k-750k 43 63 12 0.2 4.1
751k-800k 48 46 3 0.2 6.3
801k-850k 27 38 4 0.2 4.3
851k-900k 27 35 4 0.2 4.6
901k-950k 23 19 2 0.1 7.3
951k-1m 32 22 3 0.1 8.7
1m-1.1m 22 40 6 0.3 3.3
1.1m-1.2m 19 25 1 0.2 4.6
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 27 4 0.2 4.9
326k-350k 31 50 2 0.3 3.7
351k-375k 11 28 1 0.4 2.4
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 13 6 1 0.1 13
101k-125k 24 14 3 0.1 10.3
126k-150k 47 21 5 0.1 13.4
151k-175k 43 35 3 0.1 7.4
176k-200k 59 27 3 0.1 13.1
201k-225k 61 35 2 0.1 10.5
226k-250k 53 32 3 0.1 9.9
251k-275k 39 22 2 0.1 10.6
276k-300k 53 44 3 0.1 7.2
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 26 7 0 22.3
401k-425k 17 11 0.1 9.3
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 23 6 0 23
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 5 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