Absorption Report

Manatee School District, House

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
76k-100k 1 0
101k-125k 2 0.3 0
126k-150k 1 2 1 0.3 3
151k-175k 2 3 0.3 4
176k-200k 4 1 0.7 0
201k-225k 1 10 1 1.7 0.6
226k-250k 2 8 1 0.7 1.5
251k-275k 1 17 2 2.8 0.4
276k-300k 6 18 1 0.5 2
301k-325k 19 49 7 0.4 2.3
326k-350k 59 109 13 0.3 3.2
351k-375k 62 171 30 0.5 2.2
376k-400k 106 233 40 0.4 2.7
401k-425k 92 181 20 0.3 3
426k-450k 103 142 26 0.2 4.4
451k-475k 93 105 16 0.2 5.3
476k-500k 109 117 15 0.2 5.6
501k-550k 130 167 29 0.2 4.7
551k-600k 109 123 22 0.2 5.3
601k-650k 80 86 9 0.2 5.6
651k-700k 59 73 10 0.2 4.8
701k-750k 62 59 8 0.2 6.3
751k-800k 40 43 9 0.2 5.6
801k-850k 37 26 2 0.1 8.5
851k-900k 28 21 5 0.1 8
901k-950k 31 21 8 0.1 8.9
951k-1m 30 12 1 0.1 15
1m-1.1m 27 29 4 0.2 5.6
1.1m-1.2m 18 14 4 0.1 7.7
1.2m-1.3m 14 15 1 0.2 5.6
1.3m-1.4m 17 7 1 0.1 14.6
1.4m-1.5m 11 7 1 0.1 9.4
1.5m-1.6m 10 6 1 0.1 10
1.6m-1.7m 14 0
1.7m-1.8m 4 5 0.2 4.8
1.8m-1.9m 4 5 1 0.2 4.8
1.9m-2m 7 3 1 0.1 14
2m-2.25m 10 10 3 0.2 6
2.25m-2.5m 6 7 1 0.2 5.1
2.5m-2.75m 2 3 1 0.3 4
2.75m-3m 3 1 0.1 18
3m-3.5m 4 6 1 0.3 4
3.5m-4m 6 4 1 0.1 9
4m-4.5m 2 1 0.1 12
4.5m-5m 1 0
5.01m-6m 1 3 0.5 2
6.01m-7m 2 2 1 0.2 6
7.01m-8m 1 0
8.01m-9m 2 0
9.01m-10m 1 0
16.01m-17m 2 0