Supply & Demand in Bradenton, FL

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
26k-50k 1 1 0.2 0
51k-75k 1 0.2 0
76k-100k 2 8 2 0.7 1.5
101k-125k 1 5 1 0.8 1.2
126k-150k 4 7 2 0.3 3.4
151k-175k 13 14 2 0.2 5.6
176k-200k 8 19 8 0.4 2.5
201k-225k 8 17 2 0.4 2.8
226k-250k 12 14 2 0.2 5.1
251k-275k 16 31 6 0.3 3.1
276k-300k 37 41 14 0.2 5.4
301k-325k 31 51 12 0.3 3.6
326k-350k 54 76 22 0.2 4.3
351k-375k 59 97 24 0.3 3.6
376k-400k 77 115 24 0.2 4
401k-425k 65 77 16 0.2 5.1
426k-450k 59 84 15 0.2 4.2
451k-475k 66 51 9 0.1 7.8
476k-500k 92 75 14 0.1 7.4
501k-550k 128 127 30 0.2 6
551k-600k 104 92 13 0.1 6.8
601k-650k 78 88 22 0.2 5.3
651k-700k 66 75 12 0.2 5.3
701k-750k 46 53 8 0.2 5.2
751k-800k 81 48 8 0.1 10.1
801k-850k 50 39 11 0.1 7.7
851k-900k 59 32 9 0.1 11.1
901k-950k 52 22 7 0.1 14.2
951k-1m 44 19 5 0.1 13.9
1m-1.1m 38 36 10 0.2 6.3
1.1m-1.2m 33 20 2 0.1 9.9
1.2m-1.3m 27 21 4 0.1 7.7
1.3m-1.4m 24 11 2 0.1 13.1
1.4m-1.5m 21 12 3 0.1 10.5
1.5m-1.6m 7 12 4 0.3 3.5
1.6m-1.7m 9 10 1 0.2 5.4
1.7m-1.8m 7 3 1 0.1 14
1.8m-1.9m 2 3 0.3 4
1.9m-2m 8 3 1 0.1 16
2m-2.25m 6 4 1 0.1 9
2.25m-2.5m 6 4 0.1 9
2.5m-2.75m 2 2 0.3 0
2.75m-3m 2 3 1 0.3 4
3m-3.5m 5 3 0.1 10
3.5m-4m 3 4 0.2 4.5
4m-4.5m 4 2 0.1 12
4.5m-5m 2 0
5.01m-6m 1 1 0.2 6
6.01m-7m 2 2 1 0.2 6
7.01m-8m 1 0
8.01m-9m 1 0
16.01m-17m 1 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
176k-200k 1 0
201k-225k 1 0.2 0
226k-250k 7 9 4 0.2 4.7
251k-275k 4 6 2 0.3 4
276k-300k 9 8 0.1 6.8
301k-325k 21 30 4 0.2 4.2
326k-350k 14 35 2 0.4 2.4
351k-375k 9 7 2 0.1 7.7
376k-400k 12 3 0 24
401k-425k 2 2 0.2 6
426k-450k 3 3 0.2 6
551k-600k 1 0
601k-650k 2 1 0.3 0
651k-700k 3 1 0.1 18
751k-800k 1 0
801k-850k 2 2 0.3 0
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 1 0.2 6
1.1m-1.2m 1 0
1.3m-1.4m 1 0.2 0
1.5m-1.6m 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
51k-75k 3 4 0.2 4.5
76k-100k 14 11 5 0.1 7.6
101k-125k 44 23 7 0.1 11.5
126k-150k 57 25 2 0.1 13.7
151k-175k 56 36 8 0.1 9.3
176k-200k 88 27 10 0.1 19.6
201k-225k 74 27 3 0.1 16.4
226k-250k 61 30 8 0.1 12.2
251k-275k 68 26 7 0.1 15.7
276k-300k 72 37 10 0.1 11.7
301k-325k 40 22 9 0.1 10.9
326k-350k 47 17 5 0.1 16.6
351k-375k 33 11 2 0.1 18
376k-400k 36 16 6 0.1 13.5
401k-425k 27 12 6 0.1 13.5
426k-450k 24 12 3 0.1 12
451k-475k 12 12 4 0.2 6
476k-500k 18 9 2 0.1 12
501k-550k 17 12 5 0.1 8.5
551k-600k 21 6 1 0 21
601k-650k 15 1 0 90
651k-700k 6 3 0.1 12
701k-750k 5 2 0.1 15
751k-800k 2 0
801k-850k 8 0
851k-900k 3 1 0.1 18
901k-950k 4 2 0.1 12
951k-1m 4 0
1m-1.1m 3 0
1.1m-1.2m 1 0
1.2m-1.3m 2 1 1 0.1 12
1.3m-1.4m 2 1 0.1 12
1.4m-1.5m 1 1 0.2 0
1.5m-1.6m 2 0

Land 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
26k-50k 4 4 3 0.2 6
51k-75k 7 1 0 42
76k-100k 5 2 0.1 15
101k-125k 4 4 2 0.2 6
126k-150k 2 2 0.2 6
151k-175k 1 0
176k-200k 1 1 0.2 6
201k-225k 4 3 0.1 8
226k-250k 3 1 0.1 18
251k-275k 3 0
276k-300k 4 1 0 24
301k-325k 3 1 0.1 18
326k-350k 1 0
376k-400k 3 1 1 0.1 18
426k-450k 5 0
451k-475k 3 0
476k-500k 5 0
551k-600k 1 2 0.3 3
601k-650k 1 1 0.2 6
651k-700k 1 0
801k-850k 1 0
851k-900k 3 1 0.1 18
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0.2 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
1.7m-1.8m 1 0
1.8m-1.9m 1 0
2m-2.25m 4 0
2.25m-2.5m 2 0
2.5m-2.75m 1 0
4m-4.5m 2 0
4.5m-5m 1 0
5.01m-6m 1 0
10.01m-11m 1 0