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 5 2 0.8 1.2
101k-125k 2 3 0.3 4
126k-150k 8 8 1 0.2 6
151k-175k 8 7 3 0.1 6.9
176k-200k 8 13 1 0.3 3.7
201k-225k 8 21 2 0.4 2.3
226k-250k 12 19 4 0.3 3.8
251k-275k 11 30 3 0.5 2.2
276k-300k 26 43 8 0.3 3.6
301k-325k 26 58 6 0.4 2.7
326k-350k 42 70 8 0.3 3.6
351k-375k 35 103 21 0.5 2
376k-400k 67 111 15 0.3 3.6
401k-425k 50 82 8 0.3 3.7
426k-450k 57 89 16 0.3 3.8
451k-475k 46 65 12 0.2 4.2
476k-500k 80 87 9 0.2 5.5
501k-550k 104 141 27 0.2 4.4
551k-600k 74 101 19 0.2 4.4
601k-650k 70 74 10 0.2 5.7
651k-700k 53 75 11 0.2 4.2
701k-750k 47 60 12 0.2 4.7
751k-800k 41 60 14 0.2 4.1
801k-850k 36 31 5 0.1 7
851k-900k 35 34 4 0.2 6.2
901k-950k 32 21 4 0.1 9.1
951k-1m 38 20 4 0.1 11.4
1m-1.1m 24 38 6 0.3 3.8
1.1m-1.2m 22 24 3 0.2 5.5
1.2m-1.3m 17 23 1 0.2 4.4
1.3m-1.4m 22 15 0.1 8.8
1.4m-1.5m 9 8 1 0.1 6.8
1.5m-1.6m 15 10 1 0.1 9
1.6m-1.7m 11 4 0.1 16.5
1.7m-1.8m 5 3 1 0.1 10
1.8m-1.9m 5 4 1 0.1 7.5
1.9m-2m 4 1 0 24
2m-2.25m 11 2 0 33
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 5 1 1 0 30
3m-3.5m 4 2 0.1 12
3.5m-4m 4 2 0.1 12
4m-4.5m 3 1 0.1 18
4.5m-5m 4 0
5.01m-6m 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 5 3 0.1 10
251k-275k 8 5 0.1 9.6
276k-300k 6 12 0.3 3
301k-325k 19 33 7 0.3 3.5
326k-350k 18 45 8 0.4 2.4
351k-375k 5 18 0.6 1.7
376k-400k 10 5 0.1 12
401k-425k 3 3 1 0.2 6
426k-450k 4 5 2 0.2 4.8
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 1 0
601k-650k 1 0
651k-700k 1 1 1 0.2 6
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
951k-1m 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 1 5 1 0.8 1.2
76k-100k 12 4 0.1 18
101k-125k 32 17 4 0.1 11.3
126k-150k 51 25 4 0.1 12.2
151k-175k 38 36 5 0.2 6.3
176k-200k 61 26 4 0.1 14.1
201k-225k 56 29 6 0.1 11.6
226k-250k 60 36 7 0.1 10
251k-275k 48 23 1 0.1 12.5
276k-300k 67 34 5 0.1 11.8
301k-325k 36 24 4 0.1 9
326k-350k 46 17 3 0.1 16.2
351k-375k 27 8 1 0 20.3
376k-400k 25 9 3 0.1 16.7
401k-425k 21 10 1 0.1 12.6
426k-450k 21 10 1 0.1 12.6
451k-475k 14 3 0 28
476k-500k 17 6 1 0.1 17
501k-550k 20 5 1 0 24
551k-600k 19 4 2 0 28.5
601k-650k 16 3 0 32
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
1.5m-1.6m 1 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 3 1 0.1 18
51k-75k 8 2 0 24
76k-100k 2 2 0.2 6
101k-125k 4 2 0.1 12
126k-150k 2 0
151k-175k 3 1 0.1 18
176k-200k 2 2 1 0.2 6
201k-225k 3 2 1 0.1 9
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
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 1 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