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 3 2 1 0.1 9
101k-125k 1 3 1 0.5 2
126k-150k 4 8 2 0.3 3
151k-175k 12 3 1 0 24
176k-200k 12 12 2 0.2 6
201k-225k 9 19 6 0.4 2.8
226k-250k 6 23 3 0.6 1.6
251k-275k 5 33 7 1.1 0.9
276k-300k 28 42 5 0.3 4
301k-325k 21 61 11 0.5 2.1
326k-350k 48 83 13 0.3 3.5
351k-375k 32 108 19 0.6 1.8
376k-400k 79 125 20 0.3 3.8
401k-425k 54 86 18 0.3 3.8
426k-450k 55 100 14 0.3 3.3
451k-475k 49 76 10 0.3 3.9
476k-500k 73 107 12 0.2 4.1
501k-550k 112 144 22 0.2 4.7
551k-600k 80 118 13 0.2 4.1
601k-650k 63 86 14 0.2 4.4
651k-700k 66 81 14 0.2 4.9
701k-750k 43 64 13 0.2 4
751k-800k 50 48 5 0.2 6.3
801k-850k 25 41 8 0.3 3.7
851k-900k 28 39 5 0.2 4.3
901k-950k 24 24 3 0.2 6
951k-1m 33 22 4 0.1 9
1m-1.1m 24 41 7 0.3 3.5
1.1m-1.2m 19 27 2 0.2 4.2
1.2m-1.3m 13 28 6 0.4 2.8
1.3m-1.4m 20 21 3 0.2 5.7
1.4m-1.5m 13 9 1 0.1 8.7
1.5m-1.6m 8 8 3 0.2 6
1.6m-1.7m 8 4 2 0.1 12
1.7m-1.8m 8 3 0.1 16
1.8m-1.9m 3 4 2 0.2 4.5
1.9m-2m 6 0
2m-2.25m 10 4 0.1 15
2.25m-2.5m 4 5 0.2 4.8
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 5 4 1 0.1 7.5
3.5m-4m 2 3 1 0.3 4
4m-4.5m 4 2 0.1 12
4.5m-5m 5 1 0 30
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
176k-200k 1 0.2 0
226k-250k 3 3 3 0.2 6
251k-275k 6 3 1 0.1 12
276k-300k 5 16 3 0.5 1.9
301k-325k 22 27 5 0.2 4.9
326k-350k 31 56 9 0.3 3.3
351k-375k 13 28 2 0.4 2.8
376k-400k 17 6 0.1 17
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
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 10 8 2 0.1 7.5
101k-125k 24 15 3 0.1 9.6
126k-150k 47 21 5 0.1 13.4
151k-175k 43 33 3 0.1 7.8
176k-200k 54 27 5 0.1 12
201k-225k 64 36 3 0.1 10.7
226k-250k 53 32 3 0.1 9.9
251k-275k 40 25 4 0.1 9.6
276k-300k 51 45 4 0.1 6.8
301k-325k 31 29 3 0.2 6.4
326k-350k 35 15 1 0.1 14
351k-375k 22 7 1 0.1 18.9
376k-400k 22 8 2 0.1 16.5
401k-425k 19 11 0.1 10.4
426k-450k 13 10 2 0.1 7.8
451k-475k 9 6 1 0.1 9
476k-500k 21 10 1 0.1 12.6
501k-550k 21 6 1 0 21
551k-600k 14 3 0 28
601k-650k 13 5 0.1 15.6
651k-700k 6 3 1 0.1 12
701k-750k 2 2 0.2 6
751k-800k 8 2 0 24
801k-850k 1 1 0.2 6
851k-900k 1 0.2 0
901k-950k 2 0
1m-1.1m 2 1 0.1 12
1.1m-1.2m 1 2 0.3 3
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 1 0.1 9
101k-125k 1 2 2 0.3 3
126k-150k 4 0
151k-175k 2 1 0.1 12
176k-200k 3 1 0.1 18
201k-225k 6 2 0.1 18
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 1 0.1 18
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