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 3 0.5 2
101k-125k 2 3 0.3 4
126k-150k 6 9 2 0.3 4
151k-175k 6 6 4 0.2 6
176k-200k 9 13 2 0.2 4.2
201k-225k 11 19 1 0.3 3.5
226k-250k 10 21 4 0.4 2.9
251k-275k 12 30 2 0.4 2.4
276k-300k 27 42 7 0.3 3.9
301k-325k 24 59 8 0.4 2.4
326k-350k 46 68 10 0.2 4.1
351k-375k 39 100 17 0.4 2.3
376k-400k 76 113 17 0.2 4
401k-425k 55 84 14 0.3 3.9
426k-450k 59 93 17 0.3 3.8
451k-475k 50 67 14 0.2 4.5
476k-500k 94 89 11 0.2 6.3
501k-550k 116 136 23 0.2 5.1
551k-600k 85 108 18 0.2 4.7
601k-650k 73 72 10 0.2 6.1
651k-700k 63 74 10 0.2 5.1
701k-750k 51 65 15 0.2 4.7
751k-800k 44 52 11 0.2 5.1
801k-850k 28 31 2 0.2 5.4
851k-900k 26 35 6 0.2 4.5
901k-950k 28 21 6 0.1 8
951k-1m 31 22 4 0.1 8.5
1m-1.1m 25 39 6 0.3 3.8
1.1m-1.2m 21 24 4 0.2 5.3
1.2m-1.3m 12 23 2 0.3 3.1
1.3m-1.4m 22 16 0.1 8.3
1.4m-1.5m 10 8 0.1 7.5
1.5m-1.6m 13 10 2 0.1 7.8
1.6m-1.7m 9 3 0.1 18
1.7m-1.8m 6 4 1 0.1 9
1.8m-1.9m 4 5 1 0.2 4.8
1.9m-2m 7 1 1 0 42
2m-2.25m 10 2 0 30
2.25m-2.5m 5 6 1 0.2 5
2.5m-2.75m 3 3 0.2 6
2.75m-3m 2 1 1 0.1 12
3m-3.5m 5 2 0.1 15
3.5m-4m 3 2 0.1 9
4m-4.5m 5 1 0 30
4.5m-5m 5 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 7 3 0.1 14
251k-275k 8 5 1 0.1 9.6
276k-300k 6 14 1 0.4 2.6
301k-325k 20 33 7 0.3 3.6
326k-350k 30 44 6 0.2 4.1
351k-375k 8 18 0.4 2.7
376k-400k 14 5 0.1 16.8
401k-425k 3 4 1 0.2 4.5
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 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 6 3 1 0
76k-100k 13 4 0.1 19.5
101k-125k 31 17 5 0.1 10.9
126k-150k 54 24 5 0.1 13.5
151k-175k 35 36 5 0.2 5.8
176k-200k 58 28 5 0.1 12.4
201k-225k 52 27 3 0.1 11.6
226k-250k 63 36 7 0.1 10.5
251k-275k 44 24 4 0.1 11
276k-300k 62 34 4 0.1 10.9
301k-325k 32 22 2 0.1 8.7
326k-350k 46 17 5 0.1 16.2
351k-375k 26 7 1 0 22.3
376k-400k 24 7 1 0 20.6
401k-425k 20 11 2 0.1 10.9
426k-450k 17 10 4 0.1 10.2
451k-475k 14 4 2 0 21
476k-500k 17 7 2 0.1 14.6
501k-550k 21 6 1 0 21
551k-600k 21 4 3 0 31.5
601k-650k 13 3 0 26
651k-700k 6 3 0.1 12
701k-750k 4 2 1 0.1 12
751k-800k 4 1 0 24
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 3 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 2 2 0.2 6
101k-125k 3 2 0.1 9
126k-150k 4 0
151k-175k 3 1 0.1 18
176k-200k 2 1 0.1 12
201k-225k 4 2 1 0.1 12
226k-250k 4 0
251k-275k 1 0
276k-300k 4 2 1 0.1 12
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 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 1 1 0.1 12
651k-700k 1 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
1.1m-1.2m 1 0
1.2m-1.3m 3 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