Absorption Report

Bradenton, River Place

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
51k-75k 2 0.3 0
76k-100k 1 1 0.2 0
101k-125k 1 1 0.2 0
126k-150k 5 5 2 0.2 6
151k-175k 1 4 1 0.7 1.5
176k-200k 8 8 2 0.2 6
201k-225k 7 18 2 0.4 2.3
226k-250k 21 28 4 0.2 4.5
251k-275k 10 21 2 0.4 2.9
276k-300k 29 33 3 0.2 5.3
301k-325k 40 62 6 0.3 3.9
326k-350k 60 81 20 0.2 4.4
351k-375k 49 60 7 0.2 4.9
376k-400k 44 46 9 0.2 5.7
401k-425k 29 33 7 0.2 5.3
426k-450k 37 38 7 0.2 5.8
451k-475k 25 27 1 0.2 5.6
476k-500k 15 17 2 0.2 5.3
501k-550k 37 31 4 0.1 7.2
551k-600k 10 19 5 0.3 3.2
601k-650k 11 9 3 0.1 7.3
651k-700k 6 12 4 0.3 3
701k-750k 4 4 0.2 6
751k-800k 2 2 1 0.2 6
801k-850k 2 1 0.1 12
851k-900k 2 4 0.3 3
901k-950k 4 0
951k-1m 3 2 1 0.1 9
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.4m-1.5m 2 0
1.7m-1.8m 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
151k-175k 1 1 0.2 6
226k-250k 2 1 0.3 0
276k-300k 1 4 0.7 1.5
301k-325k 1 0
326k-350k 1 1 0.2 6
351k-375k 1 0.2 0
376k-400k 1 1 0.2 6

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
126k-150k 2 1 0.1 12
151k-175k 7 11 2 0.3 3.8
176k-200k 6 2 0.1 18
201k-225k 2 1 0.3 0
226k-250k 1 0
251k-275k 1 0
276k-300k 2 0
301k-325k 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 27 20 3 0.1 8.1
26k-50k 44 23 3 0.1 11.5
51k-75k 13 3 0 26
76k-100k 13 2 0 39
101k-125k 2 2 1 0.2 6
126k-150k 8 2 1 0 24
151k-175k 3 3 1 0.2 6
176k-200k 5 1 1 0 30
201k-225k 2 0
226k-250k 8 0
276k-300k 4 0
301k-325k 2 2 0.3 0
326k-350k 3 0
351k-375k 1 0
376k-400k 1 0
426k-450k 3 0
476k-500k 1 0
501k-550k 2 0
551k-600k 2 0
601k-650k 1 0
651k-700k 1 0
701k-750k 2 0
751k-800k 2 0
801k-850k 2 0
951k-1m 2 0
1.3m-1.4m 1 2 2 0.3 3
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 1 0
2.5m-2.75m 1 1 0.2 0
7.01m-8m 1 0
10.01m-11m 1 0