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 1 1 0.2 6
101k-125k 2 0.3 0
126k-150k 1 2 0.3 3
151k-175k 2 3 0.3 4
176k-200k 2 4 0.3 3
201k-225k 1 10 1 1.7 0.6
226k-250k 2 7 1 0.6 1.7
251k-275k 2 17 1.4 0.7
276k-300k 8 18 1 0.4 2.7
301k-325k 21 52 9 0.4 2.4
326k-350k 51 108 10 0.4 2.8
351k-375k 56 171 31 0.5 2
376k-400k 106 230 36 0.4 2.8
401k-425k 89 180 16 0.3 3
426k-450k 103 142 24 0.2 4.4
451k-475k 85 105 14 0.2 4.9
476k-500k 94 119 15 0.2 4.7
501k-550k 111 168 30 0.3 4
551k-600k 103 123 24 0.2 5
601k-650k 75 87 9 0.2 5.2
651k-700k 52 71 10 0.2 4.4
701k-750k 61 58 8 0.2 6.3
751k-800k 41 47 9 0.2 5.2
801k-850k 37 28 3 0.1 7.9
851k-900k 29 22 5 0.1 7.9
901k-950k 36 21 7 0.1 10.3
951k-1m 36 12 1 0.1 18
1m-1.1m 26 28 4 0.2 5.6
1.1m-1.2m 19 14 2 0.1 8.1
1.2m-1.3m 16 16 2 0.2 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 11 6 1 0.1 11
1.6m-1.7m 12 0
1.7m-1.8m 4 5 0.2 4.8
1.8m-1.9m 5 5 1 0.2 6
1.9m-2m 7 3 0.1 14
2m-2.25m 11 10 0.2 6.6
2.25m-2.5m 6 7 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 8 3 0.3 3
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