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 0.2 0
76k-100k 1 6 1 1
101k-125k 2 10 2 0.8 1.2
126k-150k 7 19 1 0.5 2.2
151k-175k 16 12 2 0.1 8
176k-200k 4 26 5 1.1 0.9
201k-225k 7 16 3 0.4 2.6
226k-250k 16 17 2 0.2 5.6
251k-275k 17 55 15 0.5 1.9
276k-300k 36 78 8 0.4 2.8
301k-325k 29 63 12 0.4 2.8
326k-350k 58 113 11 0.3 3.1
351k-375k 37 103 19 0.5 2.2
376k-400k 76 113 14 0.2 4
401k-425k 50 91 11 0.3 3.3
426k-450k 68 96 13 0.2 4.3
451k-475k 48 76 13 0.3 3.8
476k-500k 75 65 7 0.1 6.9
501k-550k 99 135 15 0.2 4.4
551k-600k 88 91 8 0.2 5.8
601k-650k 70 116 17 0.3 3.6
651k-700k 54 75 12 0.2 4.3
701k-750k 58 66 5 0.2 5.3
751k-800k 53 44 5 0.1 7.2
801k-850k 28 47 6 0.3 3.6
851k-900k 43 52 4 0.2 5
901k-950k 21 40 6 0.3 3.2
951k-1m 29 29 8 0.2 6
1m-1.1m 26 35 3 0.2 4.5
1.1m-1.2m 38 32 7 0.1 7.1
1.2m-1.3m 33 24 2 0.1 8.3
1.3m-1.4m 18 16 1 0.1 6.8
1.4m-1.5m 13 11 2 0.1 7.1
1.5m-1.6m 5 10 3 0.3 3
1.6m-1.7m 6 8 1 0.2 4.5
1.7m-1.8m 12 5 0.1 14.4
1.8m-1.9m 5 3 1 0.1 10
1.9m-2m 7 4 0.1 10.5
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 6 5 1 0.1 7.2
2.5m-2.75m 2 0.3 0
2.75m-3m 2 3 0.3 4
3m-3.5m 5 3 1 0.1 10
3.5m-4m 4 2 0.1 12
4m-4.5m 4 0
4.5m-5m 3 0
5.01m-6m 1 0
6.01m-7m 1 2 0.3 3
7.01m-8m 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
126k-150k 1 0.2 0
176k-200k 4 0
201k-225k 2 6 3 0.5 2
226k-250k 2 14 3 1.2 0.9
251k-275k 5 22 3 0.7 1.4
276k-300k 8 2 0 24
301k-325k 16 44 6 0.5 2.2
326k-350k 10 17 1 0.3 3.5
351k-375k 7 6 2 0.1 7
376k-400k 2 6 1 0.5 2
401k-425k 5 0
426k-450k 3 0
451k-475k 4 0
501k-550k 1 1 0.2 6
601k-650k 2 2 0.2 6
651k-700k 2 0
701k-750k 1 0
751k-800k 1 0
801k-850k 2 0.3 0
1m-1.1m 1 0
1.1m-1.2m 2 0
1.4m-1.5m 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 2 0.1 9
76k-100k 40 25 3 0.1 9.6
101k-125k 30 32 4 0.2 5.6
126k-150k 52 32 3 0.1 9.8
151k-175k 57 40 6 0.1 8.6
176k-200k 56 35 7 0.1 9.6
201k-225k 46 28 5 0.1 9.9
226k-250k 53 37 11 0.1 8.6
251k-275k 52 34 0.1 9.2
276k-300k 49 30 3 0.1 9.8
301k-325k 26 38 5 0.2 4.1
326k-350k 28 20 2 0.1 8.4
351k-375k 18 15 1 0.1 7.2
376k-400k 30 24 3 0.1 7.5
401k-425k 25 19 1 0.1 7.9
426k-450k 8 5 0.1 9.6
451k-475k 11 10 1 0.2 6.6
476k-500k 8 7 1 0.1 6.9
501k-550k 15 14 0.2 6.4
551k-600k 15 4 2 0 22.5
601k-650k 7 1 0 42
651k-700k 3 4 1 0.2 4.5
701k-750k 5 4 0.1 7.5
751k-800k 3 1 0.1 18
801k-850k 5 3 0.1 10
851k-900k 3 0
901k-950k 3 0
951k-1m 3 2 0.1 9
1m-1.1m 2 2 0.2 6
1.2m-1.3m 3 3 1 0.2 6
1.3m-1.4m 1 1 0.2 6
1.4m-1.5m 2 1 0.1 12
2.5m-2.75m 1 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 3 5 0.3 3.6
51k-75k 6 6 2 0.2 6
76k-100k 7 3 0.1 14
101k-125k 3 4 0.2 4.5
126k-150k 3 2 0.1 9
151k-175k 1 1 1 0.2 6
176k-200k 6 2 0.1 18
201k-225k 2 1 0.1 12
226k-250k 2 2 0.2 6
251k-275k 4 0
276k-300k 2 1 0.1 12
301k-325k 1 1 0.2 6
326k-350k 4 1 0 24
351k-375k 1 0
376k-400k 3 3 0.2 6
426k-450k 7 0
451k-475k 1 0
476k-500k 3 0
501k-550k 2 0
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 1 0
751k-800k 2 0
801k-850k 1 0
851k-900k 1 1 0.2 6
901k-950k 1 0
951k-1m 2 0
1m-1.1m 1 0
1.1m-1.2m 2 2 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 4 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.75m-3m 3 0
4m-4.5m 3 0
4.5m-5m 1 0
8.01m-9m 2 0.3 0