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 1 3 1 0.5 2
226k-250k 2 3 0.3 4
251k-275k 1 9 1.5 0.7
276k-300k 1 5 0.8 1.2
301k-325k 7 25 4 0.6 1.7
326k-350k 38 73 8 0.3 3.1
351k-375k 34 130 19 0.6 1.6
376k-400k 76 173 31 0.4 2.6
401k-425k 60 131 16 0.4 2.7
426k-450k 59 107 19 0.3 3.3
451k-475k 46 77 12 0.3 3.6
476k-500k 44 92 10 0.3 2.9
501k-550k 70 106 21 0.3 4
551k-600k 51 78 19 0.3 3.9
601k-650k 40 43 4 0.2 5.6
651k-700k 25 43 5 0.3 3.5
701k-750k 35 32 4 0.2 6.6
751k-800k 15 19 3 0.2 4.7
801k-850k 10 14 1 0.2 4.3
851k-900k 8 7 3 0.1 6.9
901k-950k 12 13 5 0.2 5.5
951k-1m 16 6 1 0.1 16
1m-1.1m 14 11 1 0.1 7.6
1.1m-1.2m 7 2 1 0 21
1.2m-1.3m 5 7 0.2 4.3
1.3m-1.4m 3 2 0.1 9
1.4m-1.5m 4 3 0.1 8
1.5m-1.6m 7 2 0 21
1.6m-1.7m 2 0
1.7m-1.8m 2 4 0.3 3
1.8m-1.9m 1 2 0.3 3
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 0.2 0
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 1 5 0.8 1.2
251k-275k 4 18 6 0.8 1.3
276k-300k 12 21 6 0.3 3.4
301k-325k 21 36 8 0.3 3.5
326k-350k 9 44 8 0.8 1.2
351k-375k 1 16 1 2.7 0.4
376k-400k 14 3 1 0 28
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
751k-800k 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 8 4 0.1 12
201k-225k 7 7 0.2 6
226k-250k 12 6 1 0.1 12
251k-275k 10 8 1 0.1 7.5
276k-300k 10 9 3 0.2 6.7
301k-325k 6 8 2 0.2 4.5
326k-350k 10 3 0.1 20
351k-375k 4 4 0.2 6
376k-400k 6 2 0.1 18
401k-425k 3 3 0.2 6
426k-450k 7 6 2 0.1 7
451k-475k 5 3 1 0.1 10
476k-500k 5 2 0.1 15
501k-550k 6 3 0.1 12
551k-600k 8 3 2 0.1 16
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