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
51k-75k 2 0.3 0
76k-100k 5 4 0.1 7.5
101k-125k 4 9 2 0.4 2.7
126k-150k 12 12 4 0.2 6
151k-175k 9 13 1 0.2 4.2
176k-200k 7 13 2 0.3 3.2
201k-225k 6 20 7 0.6 1.8
226k-250k 24 37 6 0.3 3.9
251k-275k 13 44 5 0.6 1.8
276k-300k 33 68 14 0.3 2.9
301k-325k 30 72 14 0.4 2.5
326k-350k 50 91 22 0.3 3.3
351k-375k 43 84 16 0.3 3.1
376k-400k 64 99 19 0.3 3.9
401k-425k 52 80 17 0.3 3.9
426k-450k 73 69 15 0.2 6.3
451k-475k 37 64 10 0.3 3.5
476k-500k 68 88 20 0.2 4.6
501k-550k 80 120 28 0.3 4
551k-600k 96 85 15 0.1 6.8
601k-650k 52 60 10 0.2 5.2
651k-700k 66 78 10 0.2 5.1
701k-750k 49 72 14 0.2 4.1
751k-800k 45 48 12 0.2 5.6
801k-850k 36 31 7 0.1 7
851k-900k 43 41 9 0.2 6.3
901k-950k 23 28 5 0.2 4.9
951k-1m 32 17 2 0.1 11.3
1m-1.1m 31 23 5 0.1 8.1
1.1m-1.2m 30 30 7 0.2 6
1.2m-1.3m 22 20 5 0.2 6.6
1.3m-1.4m 13 10 3 0.1 7.8
1.4m-1.5m 11 10 2 0.2 6.6
1.5m-1.6m 7 11 3 0.3 3.8
1.6m-1.7m 6 8 2 0.2 4.5
1.7m-1.8m 9 11 5 0.2 4.9
1.8m-1.9m 2 0
1.9m-2m 9 0
2m-2.25m 6 4 1 0.1 9
2.25m-2.5m 4 2 1 0.1 12
2.5m-2.75m 8 2 0 24
2.75m-3m 3 3 1 0.2 6
3m-3.5m 10 1 1 0 60
3.5m-4m 9 1 0 54
4m-4.5m 3 1 0.1 18
5.01m-6m 2 0
6.01m-7m 3 0
7.01m-8m 1 0
13.01m-14m 1 0

Townhouses % 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 3 4 1 0.2 4.5
201k-225k 8 5 2 0.1 9.6
226k-250k 7 10 3 0.2 4.2
251k-275k 3 20 5 1.1 0.9
276k-300k 4 22 8 0.9 1.1
301k-325k 16 21 2 0.2 4.6
326k-350k 11 15 3 0.2 4.4
351k-375k 18 4 1 0 27
376k-400k 6 4 0.1 9
401k-425k 2 0
426k-450k 7 0
476k-500k 1 0.2 0
501k-550k 1 0.2 0
551k-600k 4 1 0 24
601k-650k 3 0
651k-700k 2 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 1 0.2 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
26k-50k 2 0.3 0
51k-75k 17 27 6 0.3 3.8
76k-100k 34 33 4 0.2 6.2
101k-125k 45 25 6 0.1 10.8
126k-150k 60 38 12 0.1 9.5
151k-175k 75 46 15 0.1 9.8
176k-200k 69 38 9 0.1 10.9
201k-225k 52 30 10 0.1 10.4
226k-250k 64 54 13 0.1 7.1
251k-275k 50 35 10 0.1 8.6
276k-300k 57 26 11 0.1 13.2
301k-325k 29 16 5 0.1 10.9
326k-350k 27 21 7 0.1 7.7
351k-375k 26 14 4 0.1 11.1
376k-400k 23 19 3 0.1 7.3
401k-425k 11 14 1 0.2 4.7
426k-450k 13 4 1 0.1 19.5
451k-475k 10 1 0 60
476k-500k 9 8 2 0.1 6.8
501k-550k 20 11 2 0.1 10.9
551k-600k 16 2 0 48
601k-650k 7 7 3 0.2 6
651k-700k 8 7 1 0.1 6.9
701k-750k 10 2 1 0 30
751k-800k 6 4 1 0.1 9
801k-850k 2 2 1 0.2 6
851k-900k 2 1 1 0.1 12
901k-950k 3 1 0.1 18
951k-1m 2 1 0.1 12
1m-1.1m 1 0
1.1m-1.2m 8 0
1.2m-1.3m 6 0
1.3m-1.4m 2 0
1.6m-1.7m 1 0
2m-2.25m 1 1 0.2 0
4m-4.5m 1 0

Land 1% 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 5 5 0.2 6
51k-75k 7 4 0.1 10.5
76k-100k 7 3 0.1 14
101k-125k 1 1 1 0.2 6
126k-150k 5 3 0.1 10
151k-175k 2 0
176k-200k 4 0
201k-225k 5 0
226k-250k 3 1 0.1 18
251k-275k 3 2 2 0.1 9
276k-300k 3 1 0.1 18
301k-325k 2 0
326k-350k 4 1 0 24
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 1 0
426k-450k 4 1 0 24
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0
651k-700k 2 0
701k-750k 1 0
751k-800k 1 1 0.2 6
801k-850k 1 2 1 0.3 3
851k-900k 1 0.2 0
901k-950k 1 0
951k-1m 5 0
1m-1.1m 2 0
1.1m-1.2m 2 1 1 0.1 12
1.2m-1.3m 2 0
1.4m-1.5m 2 1 0.1 12
1.6m-1.7m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0
4m-4.5m 2 0
4.5m-5m 1 0
6.01m-7m 2 0