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 % 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 1 0.2 0
76k-100k 1 4 0.7 1.5
101k-125k 4 9 0.4 2.7
126k-150k 10 10 5 0.2 6
151k-175k 4 12 2 0.5 2
176k-200k 7 17 1 0.4 2.5
201k-225k 8 11 2 0.2 4.4
226k-250k 24 28 6 0.2 5.1
251k-275k 14 48 10 0.6 1.8
276k-300k 32 51 5 0.3 3.8
301k-325k 41 64 11 0.3 3.8
326k-350k 69 84 12 0.2 4.9
351k-375k 52 85 13 0.3 3.7
376k-400k 73 99 17 0.2 4.4
401k-425k 48 79 12 0.3 3.6
426k-450k 78 62 6 0.1 7.5
451k-475k 48 72 9 0.3 4
476k-500k 69 78 15 0.2 5.3
501k-550k 90 106 14 0.2 5.1
551k-600k 91 79 10 0.1 6.9
601k-650k 59 73 8 0.2 4.8
651k-700k 52 68 12 0.2 4.6
701k-750k 39 64 12 0.3 3.7
751k-800k 56 45 10 0.1 7.5
801k-850k 51 30 3 0.1 10.2
851k-900k 32 35 6 0.2 5.5
901k-950k 22 29 4 0.2 4.6
951k-1m 24 19 4 0.1 7.6
1m-1.1m 29 31 3 0.2 5.6
1.1m-1.2m 37 30 3 0.1 7.4
1.2m-1.3m 23 16 4 0.1 8.6
1.3m-1.4m 18 9 0.1 12
1.4m-1.5m 8 8 0.2 6
1.5m-1.6m 15 13 2 0.1 6.9
1.6m-1.7m 6 5 1 0.1 7.2
1.7m-1.8m 4 8 1 0.3 3
1.8m-1.9m 8 1 0 48
1.9m-2m 5 1 0 30
2m-2.25m 8 3 0.1 16
2.25m-2.5m 6 2 0.1 18
2.5m-2.75m 5 2 0.1 15
2.75m-3m 4 2 0.1 12
3m-3.5m 12 2 0 36
3.5m-4m 6 1 1 0 36
4m-4.5m 1 1 0.2 6
5.01m-6m 1 0
6.01m-7m 2 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
151k-175k 1 0
176k-200k 2 2 0.2 6
201k-225k 6 7 0.2 5.1
226k-250k 8 8 4 0.2 6
251k-275k 1 20 2 3.3 0.3
276k-300k 9 13 3 0.2 4.2
301k-325k 18 28 0.3 3.9
326k-350k 16 11 0.1 8.7
351k-375k 12 4 0.1 18
376k-400k 5 6 3 0.2 5
401k-425k 2 0
426k-450k 8 0
476k-500k 2 1 0.1 12
551k-600k 3 1 0.1 18
601k-650k 2 0
651k-700k 1 0
1.1m-1.2m 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 3 1 0.5 0
51k-75k 11 21 5 0.3 3.1
76k-100k 37 31 2 0.1 7.2
101k-125k 41 26 3 0.1 9.5
126k-150k 66 30 6 0.1 13.2
151k-175k 63 49 8 0.1 7.7
176k-200k 74 30 4 0.1 14.8
201k-225k 55 32 2 0.1 10.3
226k-250k 67 53 4 0.1 7.6
251k-275k 59 32 3 0.1 11.1
276k-300k 50 13 3 0 23.1
301k-325k 35 16 2 0.1 13.1
326k-350k 26 17 2 0.1 9.2
351k-375k 24 13 2 0.1 11.1
376k-400k 28 23 3 0.1 7.3
401k-425k 17 11 0.1 9.3
426k-450k 17 4 0 25.5
451k-475k 16 2 0 48
476k-500k 12 6 0.1 12
501k-550k 16 5 1 0.1 19.2
551k-600k 21 4 0 31.5
601k-650k 7 3 2 0.1 14
651k-700k 11 7 2 0.1 9.4
701k-750k 9 1 1 0 54
751k-800k 5 2 1 0.1 15
801k-850k 7 1 0 42
851k-900k 2 0
901k-950k 3 1 1 0.1 18
951k-1m 4 1 1 0 24
1.1m-1.2m 6 0
1.2m-1.3m 8 1 0 48
1.3m-1.4m 2 0
2.25m-2.5m 1 0

Land % 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 3 4 1 0.2 4.5
51k-75k 9 5 1 0.1 10.8
76k-100k 5 3 1 0.1 10
101k-125k 1 1 0.2 6
126k-150k 5 2 1 0.1 15
151k-175k 3 1 0.1 18
176k-200k 6 1 0 36
201k-225k 2 0
226k-250k 2 1 0.1 12
251k-275k 4 1 0 24
276k-300k 2 0
301k-325k 2 0
326k-350k 4 1 0 24
351k-375k 1 0.2 0
376k-400k 4 0
426k-450k 3 1 1 0.1 18
476k-500k 4 0
501k-550k 1 0
651k-700k 2 0
701k-750k 2 0
751k-800k 1 1 0.2 6
801k-850k 2 2 1 0.2 6
851k-900k 1 0.2 0
901k-950k 3 0
951k-1m 1 0
1m-1.1m 3 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
1.6m-1.7m 1 0
1.8m-1.9m 1 0
2.25m-2.5m 2 0
2.75m-3m 3 0
4m-4.5m 3 0
4.5m-5m 1 0
6.01m-7m 2 0