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 2 3 1 0.3 4
101k-125k 2 3 0.3 4
126k-150k 6 10 2 0.3 3.6
151k-175k 7 6 3 0.1 7
176k-200k 10 13 2 0.2 4.6
201k-225k 9 20 3 0.4 2.7
226k-250k 12 21 4 0.3 3.4
251k-275k 9 32 3 0.6 1.7
276k-300k 29 42 8 0.2 4.1
301k-325k 20 60 8 0.5 2
326k-350k 51 74 12 0.2 4.1
351k-375k 44 103 17 0.4 2.6
376k-400k 77 114 16 0.2 4.1
401k-425k 56 88 17 0.3 3.8
426k-450k 59 100 15 0.3 3.5
451k-475k 47 76 13 0.3 3.7
476k-500k 78 92 8 0.2 5.1
501k-550k 116 139 18 0.2 5
551k-600k 88 110 13 0.2 4.8
601k-650k 73 81 13 0.2 5.4
651k-700k 60 78 13 0.2 4.6
701k-750k 49 63 16 0.2 4.7
751k-800k 44 51 10 0.2 5.2
801k-850k 26 34 4 0.2 4.6
851k-900k 26 37 5 0.2 4.2
901k-950k 28 21 5 0.1 8
951k-1m 32 25 4 0.1 7.7
1m-1.1m 22 40 7 0.3 3.3
1.1m-1.2m 20 26 4 0.2 4.6
1.2m-1.3m 12 27 3 0.4 2.7
1.3m-1.4m 22 18 0.1 7.3
1.4m-1.5m 12 8 0.1 9
1.5m-1.6m 15 9 2 0.1 10
1.6m-1.7m 11 3 0 22
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 3 4 1 0.2 4.5
1.9m-2m 8 1 1 0 48
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 2 3 0.3 4
2.75m-3m 1 0
3m-3.5m 4 3 0.1 8
3.5m-4m 3 3 0.2 6
4m-4.5m 5 1 0 30
4.5m-5m 6 0
5.01m-6m 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 6 3 1 0.1 12
251k-275k 7 5 3 0.1 8.4
276k-300k 4 15 2 0.6 1.6
301k-325k 22 29 6 0.2 4.6
326k-350k 30 48 2 0.3 3.8
351k-375k 9 26 0.5 2.1
376k-400k 15 5 0.1 18
401k-425k 3 5 1 0.3 3.6
426k-450k 4 5 3 0.2 4.8
476k-500k 1 0
501k-550k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0
851k-900k 1 0
1m-1.1m 1 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 5 2 0.8 0
76k-100k 14 6 1 0.1 14
101k-125k 26 15 5 0.1 10.4
126k-150k 55 24 5 0.1 13.8
151k-175k 39 36 5 0.2 6.5
176k-200k 57 29 6 0.1 11.8
201k-225k 50 32 2 0.1 9.4
226k-250k 63 34 5 0.1 11.1
251k-275k 46 23 5 0.1 12
276k-300k 59 38 4 0.1 9.3
301k-325k 38 25 3 0.1 9.1
326k-350k 42 17 5 0.1 14.8
351k-375k 24 7 1 0 20.6
376k-400k 23 8 1 0.1 17.3
401k-425k 23 11 1 0.1 12.5
426k-450k 16 10 5 0.1 9.6
451k-475k 14 7 2 0.1 12
476k-500k 21 9 3 0.1 14
501k-550k 21 6 0 21
551k-600k 17 3 2 0 34
601k-650k 15 3 0 30
651k-700k 6 3 1 0.1 12
701k-750k 2 2 1 0.2 6
751k-800k 6 1 0 36
801k-850k 1 0
851k-900k 2 1 0.1 12
901k-950k 3 1 1 0.1 18
1m-1.1m 2 1 0.1 12
1.1m-1.2m 2 1 0.1 12
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 2 1 0.1 12
51k-75k 9 2 0 27
76k-100k 3 2 0.1 9
101k-125k 3 2 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 1 1 0.2 6
201k-225k 6 1 0 36
226k-250k 4 0
251k-275k 1 0
276k-300k 4 1 0 24
301k-325k 3 2 0.1 9
326k-350k 1 0
351k-375k 2 0
376k-400k 6 1 1 0 36
401k-425k 1 1 0.2 0
426k-450k 6 0
451k-475k 4 0
476k-500k 2 0
501k-550k 1 0.2 0
551k-600k 3 0
601k-650k 2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 3 0
851k-900k 3 0
901k-950k 1 0
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
1.9m-2m 1 0
2m-2.25m 4 0
2.25m-2.5m 3 0
4m-4.5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0