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 2 0.2 6.5
201k-225k 9 19 4 0.4 2.8
226k-250k 6 23 3 0.6 1.6
251k-275k 7 34 6 0.8 1.2
276k-300k 28 39 6 0.2 4.3
301k-325k 20 61 7 0.5 2
326k-350k 47 78 9 0.3 3.6
351k-375k 34 101 18 0.5 2
376k-400k 75 119 16 0.3 3.8
401k-425k 57 80 12 0.2 4.3
426k-450k 52 97 8 0.3 3.2
451k-475k 50 72 10 0.2 4.2
476k-500k 75 100 10 0.2 4.5
501k-550k 110 133 12 0.2 5
551k-600k 83 114 8 0.2 4.4
601k-650k 68 80 12 0.2 5.1
651k-700k 66 73 9 0.2 5.4
701k-750k 44 62 12 0.2 4.3
751k-800k 49 46 4 0.2 6.4
801k-850k 25 39 5 0.3 3.8
851k-900k 28 35 5 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 2 0.2 5
1.2m-1.3m 14 26 4 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 3 0.2 5.3
326k-350k 32 50 2 0.3 3.8
351k-375k 12 28 1 0.4 2.6
376k-400k 17 5 0 20.4
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 11 6 2 0.1 11
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 54 27 4 0.1 12
201k-225k 60 35 3 0.1 10.3
226k-250k 54 31 3 0.1 10.5
251k-275k 40 22 2 0.1 10.9
276k-300k 52 44 3 0.1 7.1
301k-325k 34 27 3 0.1 7.6
326k-350k 34 14 0.1 14.6
351k-375k 22 7 1 0.1 18.9
376k-400k 23 7 0.1 19.7
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 12 3 0 24
601k-650k 14 4 0 21
651k-700k 6 3 1 0.1 12
701k-750k 2 1 0.1 12
751k-800k 5 2 0.1 15
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 1 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