Absorption Report

Manatee School District, New Construction

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
126k-150k 1 0
151k-175k 2 2 0.2 6
201k-225k 3 1 0.5 0
226k-250k 2 3 0.3 4
251k-275k 1 9 1 1.5 0.7
276k-300k 1 5 0.8 1.2
301k-325k 6 24 3 0.7 1.5
326k-350k 40 73 10 0.3 3.3
351k-375k 41 132 20 0.5 1.9
376k-400k 79 172 31 0.4 2.8
401k-425k 63 133 18 0.4 2.8
426k-450k 61 107 19 0.3 3.4
451k-475k 58 77 14 0.2 4.5
476k-500k 69 91 10 0.2 4.5
501k-550k 92 106 21 0.2 5.2
551k-600k 60 77 18 0.2 4.7
601k-650k 46 43 4 0.2 6.4
651k-700k 33 43 5 0.2 4.6
701k-750k 39 33 4 0.1 7.1
751k-800k 15 18 3 0.2 5
801k-850k 10 14 1 0.2 4.3
851k-900k 8 7 3 0.1 6.9
901k-950k 10 13 5 0.2 4.6
951k-1m 14 6 1 0.1 14
1m-1.1m 13 11 1 0.1 7.1
1.1m-1.2m 8 2 1 0 24
1.2m-1.3m 5 7 0.2 4.3
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 5 3 0.1 10
1.5m-1.6m 8 2 0 24
1.6m-1.7m 2 0
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 2 0.3 0
1.9m-2m 1 2 1 0.3 3
2m-2.25m 6 3 0.1 12
2.25m-2.5m 2 2 0.2 6
2.75m-3m 1 1 0.2 6
3m-3.5m 1 4 1 0.7 1.5
3.5m-4m 2 2 1 0.2 6
4m-4.5m 1 0
5.01m-6m 1 2 0.3 3
6.01m-7m 1 2 1 0.3 3
7.01m-8m 1 0
8.01m-9m 2 0
16.01m-17m 2 0

Townhouses 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
226k-250k 2 5 0.4 2.4
251k-275k 5 18 7 0.6 1.7
276k-300k 10 21 6 0.4 2.9
301k-325k 22 36 8 0.3 3.7
326k-350k 31 43 7 0.2 4.3
351k-375k 2 16 1 1.3 0.8
376k-400k 15 3 1 0 30
401k-425k 7 2 0 21
426k-450k 5 2 0.1 15
451k-475k 1 0
476k-500k 1 1 0.2 6
651k-700k 1 0
951k-1m 1 0

Condos 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
101k-125k 1 0
126k-150k 4 1 0 24
151k-175k 5 2 1 0.1 15
176k-200k 7 4 0.1 10.5
201k-225k 7 7 0.2 6
226k-250k 12 6 1 0.1 12
251k-275k 9 8 1 0.1 6.8
276k-300k 9 8 2 0.1 6.8
301k-325k 5 7 1 0.2 4.3
326k-350k 10 3 1 0.1 20
351k-375k 4 4 0.2 6
376k-400k 6 2 0.1 18
401k-425k 4 3 0.1 8
426k-450k 7 6 2 0.1 7
451k-475k 4 3 1 0.1 8
476k-500k 5 2 0.1 15
501k-550k 5 3 0.1 10
551k-600k 9 3 2 0.1 18
601k-650k 6 0
651k-700k 5 2 0.1 15
701k-750k 3 0
751k-800k 2 0
851k-900k 2 2 0.2 6
1m-1.1m 1 0
1.2m-1.3m 1 0.2 0
1.3m-1.4m 1 0
1.9m-2m 1 0