Absorption Report

Bradenton, Park Acres Estates

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
101k-125k 1 1 0.2 6
126k-150k 1 2 0.3 3
151k-175k 1 4 0.7 1.5
176k-200k 8 7 1 0.1 6.9
201k-225k 3 9 3 0.5 2
226k-250k 17 23 1 0.2 4.4
251k-275k 18 30 6 0.3 3.6
276k-300k 21 39 8 0.3 3.2
301k-325k 23 44 8 0.3 3.1
326k-350k 51 67 11 0.2 4.6
351k-375k 59 79 15 0.2 4.5
376k-400k 67 82 15 0.2 4.9
401k-425k 49 95 16 0.3 3.1
426k-450k 66 78 14 0.2 5.1
451k-475k 42 78 9 0.3 3.2
476k-500k 57 91 17 0.3 3.8
501k-550k 85 125 21 0.2 4.1
551k-600k 96 90 13 0.2 6.4
601k-650k 65 80 15 0.2 4.9
651k-700k 54 71 9 0.2 4.6
701k-750k 38 67 8 0.3 3.4
751k-800k 51 60 6 0.2 5.1
801k-850k 35 42 4 0.2 5
851k-900k 28 44 7 0.3 3.8
901k-950k 18 21 2 0.2 5.1
951k-1m 25 35 3 0.2 4.3
1m-1.1m 30 33 5 0.2 5.5
1.1m-1.2m 27 31 4 0.2 5.2
1.2m-1.3m 31 36 7 0.2 5.2
1.3m-1.4m 19 33 7 0.3 3.5
1.4m-1.5m 19 22 3 0.2 5.2
1.5m-1.6m 12 24 5 0.3 3
1.6m-1.7m 12 20 3 0.3 3.6
1.7m-1.8m 20 13 1 0.1 9.2
1.8m-1.9m 13 13 4 0.2 6
1.9m-2m 12 11 3 0.2 6.5
2m-2.25m 21 12 1 0.1 10.5
2.25m-2.5m 30 17 1 0.1 10.6
2.5m-2.75m 12 15 7 0.2 4.8
2.75m-3m 18 8 1 0.1 13.5
3m-3.5m 12 7 1 0.1 10.3
3.5m-4m 19 7 2 0.1 16.3
4m-4.5m 13 4 1 0.1 19.5
4.5m-5m 12 2 1 0 36
5.01m-6m 17 2 0 51
6.01m-7m 4 2 0.1 12
7.01m-8m 4 4 1 0.2 6
8.01m-9m 4 1 0 24
9.01m-10m 1 2 0.3 3
10.01m-11m 1 0
11.01m-12m 1 0
12.01m-13m 1 1 0.2 6
14.01m-15m 2 0
15.01m-16m 1 0
16.01m-17m 1 0.2 0
17.01m-18m 1 0
19.01m-20m 1 0
20.01m-21m 1 0
24.01m-25m 1 0
28.01m-29m 1 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 1 0.2 0
126k-150k 1 0.2 0
151k-175k 1 1 0.2 6
176k-200k 6 3 1 0.1 12
201k-225k 2 2 0.2 6
226k-250k 2 1 1 0.1 12
251k-275k 4 1 0 24
276k-300k 4 18 2 0.8 1.3
301k-325k 3 14 0.8 1.3
326k-350k 8 5 1 0.1 9.6
351k-375k 13 10 4 0.1 7.8
376k-400k 15 20 1 0.2 4.5
401k-425k 14 18 5 0.2 4.7
426k-450k 10 5 2 0.1 12
451k-475k 5 6 2 0.2 5
476k-500k 5 4 0.1 7.5
501k-550k 10 7 0.1 8.6
551k-600k 1 0.2 0
601k-650k 2 0.3 0
651k-700k 1 1 0.2 0
701k-750k 3 0
751k-800k 1 2 0.3 3
801k-850k 1 2 0.3 3
851k-900k 4 0.7 0
901k-950k 2 1 0.1 12
951k-1m 2 0.3 0
1m-1.1m 2 1 0.3 0
1.2m-1.3m 1 1 0.2 6
1.3m-1.4m 2 0.3 0
1.4m-1.5m 1 0
1.9m-2m 1 0
2.25m-2.5m 1 0
2.75m-3m 2 0
3m-3.5m 1 0
3.5m-4m 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
1k-25k 1 0
26k-50k 1 0
51k-75k 1 1 0.2 6
76k-100k 6 2 0.1 18
101k-125k 4 8 0.3 3
126k-150k 12 13 4 0.2 5.5
151k-175k 24 26 4 0.2 5.5
176k-200k 34 35 4 0.2 5.8
201k-225k 40 35 6 0.1 6.9
226k-250k 46 51 8 0.2 5.4
251k-275k 41 29 1 0.1 8.5
276k-300k 51 40 8 0.1 7.7
301k-325k 32 30 4 0.2 6.4
326k-350k 35 20 1 0.1 10.5
351k-375k 21 17 2 0.1 7.4
376k-400k 25 11 2 0.1 13.6
401k-425k 11 8 1 0.1 8.3
426k-450k 20 7 0.1 17.1
451k-475k 12 10 1 0.1 7.2
476k-500k 21 15 2 0.1 8.4
501k-550k 19 21 5 0.2 5.4
551k-600k 14 18 2 0.2 4.7
601k-650k 20 14 2 0.1 8.6
651k-700k 20 20 0.2 6
701k-750k 15 13 0.1 6.9
751k-800k 11 18 4 0.3 3.7
801k-850k 15 10 0.1 9
851k-900k 8 10 1 0.2 4.8
901k-950k 9 5 2 0.1 10.8
951k-1m 14 8 0.1 10.5
1m-1.1m 21 11 1 0.1 11.5
1.1m-1.2m 15 9 3 0.1 10
1.2m-1.3m 8 10 3 0.2 4.8
1.3m-1.4m 6 8 1 0.2 4.5
1.4m-1.5m 6 9 3 0.3 4
1.5m-1.6m 6 8 2 0.2 4.5
1.6m-1.7m 8 6 1 0.1 8
1.7m-1.8m 7 2 1 0 21
1.8m-1.9m 3 5 0.3 3.6
1.9m-2m 6 1 1 0 36
2m-2.25m 5 2 1 0.1 15
2.25m-2.5m 8 5 0.1 9.6
2.5m-2.75m 4 6 1 0.3 4
2.75m-3m 6 1 0 36
3m-3.5m 10 4 2 0.1 15
3.5m-4m 7 1 0 42
4m-4.5m 7 2 1 0 21
4.5m-5m 4 2 0.1 12
5.01m-6m 10 1 0 60
6.01m-7m 8 1 0 48
7.01m-8m 3 1 0.1 18
8.01m-9m 3 0
9.01m-10m 2 0
10.01m-11m 1 0
11.01m-12m 1 0.2 0
14.01m-15m 1 0

Land 1% 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 6
51k-75k 3 0
76k-100k 6 2 0.1 18
101k-125k 1 2 0.3 3
126k-150k 3 1 0.1 18
151k-175k 3 2 0.1 9
176k-200k 4 2 0.1 12
201k-225k 2 0
226k-250k 5 1 0 30
251k-275k 2 1 0.1 12
276k-300k 8 1 0 48
301k-325k 2 2 0.2 6
326k-350k 1 0
351k-375k 1 0
376k-400k 7 0
401k-425k 1 1 0.2 6
426k-450k 5 2 0.1 15
451k-475k 2 1 1 0.1 12
476k-500k 4 3 0.1 8
501k-550k 3 2 0.1 9
551k-600k 3 0
601k-650k 6 0
651k-700k 5 0
701k-750k 5 1 0 30
751k-800k 1 1 1 0.2 6
801k-850k 2 0
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 2 2 1 0.2 6
1m-1.1m 4 1 0 24
1.1m-1.2m 2 1 0.1 12
1.2m-1.3m 3 1 0.1 18
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 1 0
1.5m-1.6m 3 0
1.7m-1.8m 1 0
1.9m-2m 2 0
2m-2.25m 1 0
2.25m-2.5m 3 1 0.1 18
2.5m-2.75m 1 1 0.2 0
2.75m-3m 3 0
3m-3.5m 1 0
3.5m-4m 2 2 0.2 6
4m-4.5m 1 2 0.3 3
4.5m-5m 2 0
5.01m-6m 1 0
6.01m-7m 2 0
9.01m-10m 3 0
11.01m-12m 1 0
15.01m-16m 1 0