Absorption Report

Bradenton

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 Since 12/31 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 0
51k-75k 1 1 0.2 6
76k-100k 1 4 1 0.7 1.5
101k-125k 1 13 1 2.2 0.5
126k-150k 7 11 0.3 3.8
151k-175k 8 18 3 0.4 2.7
176k-200k 15 22 4 0.2 4.1
201k-225k 11 46 6 0.7 1.4
226k-250k 21 62 3 0.5 2
251k-275k 28 47 5 0.3 3.6
276k-300k 32 70 7 0.4 2.7
301k-325k 18 56 5 0.5 1.9
326k-350k 37 48 11 0.2 4.6
351k-375k 25 56 4 0.4 2.7
376k-400k 27 56 12 0.3 2.9
401k-425k 25 62 8 0.4 2.4
426k-450k 28 31 3 0.2 5.4
451k-475k 29 26 4 0.1 6.7
476k-500k 25 20 2 0.1 7.5
501k-550k 27 41 2 0.3 4
551k-600k 23 24 2 0.2 5.8
601k-650k 12 26 4 0.4 2.8
651k-700k 11 12 2 0.2 5.5
701k-750k 6 9 2 0.3 4
751k-800k 12 17 1 0.2 4.2
801k-850k 5 10 1 0.3 3
851k-900k 6 8 1 0.2 4.5
901k-950k 3 5 0.3 3.6
951k-1m 5 4 1 0.1 7.5
1m-1.1m 3 6 1 0.3 3
1.1m-1.2m 4 5 0.2 4.8
1.2m-1.3m 4 1 0 24
1.3m-1.4m 3 2 1 0.1 9
1.4m-1.5m 4 2 0.1 12
1.5m-1.6m 3 1 0.1 18
1.6m-1.7m 1 1 1 0.2 6
1.7m-1.8m 1 0
1.8m-1.9m 1 0.2 0
1.9m-2m 2 1 0.3 0
2m-2.25m 3 2 0.5 0
2.25m-2.5m 1 0.2 0
3m-3.5m 1 0.2 0

Townhouses 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
101k-125k 2 2 1 0.2 6
126k-150k 4 8 3 0.3 3
151k-175k 6 17 3 0.5 2.1
176k-200k 15 12 0.1 7.5
201k-225k 3 15 2 0.8 1.2
226k-250k 5 6 0.2 5
251k-275k 2 11 1 0.9 1.1
276k-300k 2 0
301k-325k 1 0.2 0
326k-350k 1 0.2 0
401k-425k 1 0.2 0
476k-500k 1 0

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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 2 1 0.3 3
76k-100k 18 14 1 0.1 7.7
101k-125k 13 24 1 0.3 3.3
126k-150k 12 31 5 0.4 2.3
151k-175k 25 34 2 0.2 4.4
176k-200k 45 32 1 0.1 8.4
201k-225k 15 22 2 0.2 4.1
226k-250k 17 13 1 0.1 7.8
251k-275k 10 15 2 0.3 4
276k-300k 6 6 1 0.2 6
301k-325k 7 2 0 21
326k-350k 3 2 1 0.1 9
351k-375k 3 5 0.3 3.6
376k-400k 1 4 1 0.7 1.5
401k-425k 3 1 0.1 18
426k-450k 1 0
451k-475k 1 0
501k-550k 1 0
551k-600k 3 0
601k-650k 1 0
651k-700k 1 0
701k-750k 4 0
751k-800k 2 0
1m-1.1m 1 0

Land 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 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
1k-25k 2 6 0.5 2
26k-50k 3 4 0.2 4.5
51k-75k 2 4 1 0.3 3
76k-100k 9 1 0 54
101k-125k 3 2 0.1 9
126k-150k 4 3 1 0.1 8
151k-175k 5 2 0.1 15
176k-200k 6 1 0 36
201k-225k 1 0
226k-250k 3 2 0.1 9
251k-275k 7 2 0 21
276k-300k 3 2 0.1 9
301k-325k 3 1 0.1 18
326k-350k 1 0
351k-375k 1 0
376k-400k 3 0
426k-450k 1 0
451k-475k 1 0
476k-500k 2 0
501k-550k 1 0
551k-600k 1 0
601k-650k 2 0
651k-700k 1 0
701k-750k 1 0
751k-800k 1 0.2 0
851k-900k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.4m-1.5m 1 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.5m-2.75m 1 1 0.2 6
2.75m-3m 2 0
3m-3.5m 3 0
3.5m-4m 1 0
4m-4.5m 1 0
7.01m-8m 1 0