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 1 4 1 0.7 1.5
201k-225k 2 10 1 0.8 1.2
226k-250k 2 8 1 0.7 1.5
251k-275k 2 17 1.4 0.7
276k-300k 7 18 1 0.4 2.3
301k-325k 19 51 9 0.4 2.2
326k-350k 56 108 11 0.3 3.1
351k-375k 59 170 29 0.5 2.1
376k-400k 102 233 36 0.4 2.6
401k-425k 87 181 17 0.3 2.9
426k-450k 97 141 24 0.2 4.1
451k-475k 82 105 15 0.2 4.7
476k-500k 84 118 14 0.2 4.3
501k-550k 105 166 28 0.3 3.8
551k-600k 101 124 22 0.2 4.9
601k-650k 75 85 7 0.2 5.3
651k-700k 52 72 10 0.2 4.3
701k-750k 60 58 8 0.2 6.2
751k-800k 39 46 10 0.2 5.1
801k-850k 36 27 2 0.1 8
851k-900k 28 21 5 0.1 8
901k-950k 31 21 7 0.1 8.9
951k-1m 32 12 1 0.1 16
1m-1.1m 28 28 4 0.2 6
1.1m-1.2m 18 14 2 0.1 7.7
1.2m-1.3m 15 16 2 0.2 5.6
1.3m-1.4m 17 7 1 0.1 14.6
1.4m-1.5m 12 7 1 0.1 10.3
1.5m-1.6m 9 6 1 0.1 9
1.6m-1.7m 14 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 1 0.1 14
2m-2.25m 10 10 1 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 2 1 0.1 12
3m-3.5m 5 6 1 0.2 5
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