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 2 0.3 0
76k-100k 2 4 1 0.3 3
101k-125k 10 9 1 0.2 6.7
126k-150k 12 10 1 0.1 7.2
151k-175k 7 15 3 0.4 2.8
176k-200k 6 11 2 0.3 3.3
201k-225k 12 22 4 0.3 3.3
226k-250k 15 36 7 0.4 2.5
251k-275k 12 35 3 0.5 2.1
276k-300k 26 69 14 0.4 2.3
301k-325k 18 74 14 0.7 1.5
326k-350k 61 102 23 0.3 3.6
351k-375k 54 93 16 0.3 3.5
376k-400k 63 105 24 0.3 3.6
401k-425k 43 95 24 0.4 2.7
426k-450k 63 71 12 0.2 5.3
451k-475k 34 82 20 0.4 2.5
476k-500k 66 84 12 0.2 4.7
501k-550k 86 125 24 0.2 4.1
551k-600k 86 94 13 0.2 5.5
601k-650k 58 67 17 0.2 5.2
651k-700k 64 77 18 0.2 5
701k-750k 31 71 7 0.4 2.6
751k-800k 47 62 8 0.2 4.5
801k-850k 35 39 8 0.2 5.4
851k-900k 45 43 8 0.2 6.3
901k-950k 17 28 6 0.3 3.6
951k-1m 33 23 8 0.1 8.6
1m-1.1m 30 32 6 0.2 5.6
1.1m-1.2m 21 32 4 0.3 3.9
1.2m-1.3m 32 23 6 0.1 8.3
1.3m-1.4m 11 10 3 0.2 6.6
1.4m-1.5m 11 13 4 0.2 5.1
1.5m-1.6m 8 10 1 0.2 4.8
1.6m-1.7m 9 11 3 0.2 4.9
1.7m-1.8m 7 13 1 0.3 3.2
1.8m-1.9m 2 1 1 0.1 12
1.9m-2m 6 1 0 36
2m-2.25m 2 7 3 0.6 1.7
2.25m-2.5m 7 2 0 21
2.5m-2.75m 6 3 0.1 12
2.75m-3m 3 2 0.1 9
3m-3.5m 12 3 1 0 24
3.5m-4m 5 2 1 0.1 15
4m-4.5m 3 0
4.5m-5m 4 0
5.01m-6m 1 0
6.01m-7m 2 1 1 0.1 12

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 2 2 0.3 0
176k-200k 2 5 1 0.4 2.4
201k-225k 7 6 2 0.1 7
226k-250k 8 12 3 0.3 4
251k-275k 6 15 1 0.4 2.4
276k-300k 8 34 7 0.7 1.4
301k-325k 21 15 1 0.1 8.4
326k-350k 17 15 1 0.1 6.8
351k-375k 8 5 1 0.1 9.6
376k-400k 4 4 1 0.2 6
401k-425k 6 0
426k-450k 3 0
501k-550k 2 1 0.3 0
551k-600k 7 1 0 42
601k-650k 2 2 0.2 6
751k-800k 1 0
951k-1m 1 0
1m-1.1m 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 14 29 5 0.3 2.9
76k-100k 43 34 6 0.1 7.6
101k-125k 39 32 11 0.1 7.3
126k-150k 67 49 11 0.1 8.2
151k-175k 73 52 10 0.1 8.4
176k-200k 67 46 11 0.1 8.7
201k-225k 44 47 17 0.2 5.6
226k-250k 54 55 6 0.2 5.9
251k-275k 44 36 8 0.1 7.3
276k-300k 51 33 7 0.1 9.3
301k-325k 20 21 4 0.2 5.7
326k-350k 25 26 4 0.2 5.8
351k-375k 21 25 8 0.2 5
376k-400k 19 25 4 0.2 4.6
401k-425k 7 18 5 0.4 2.3
426k-450k 9 7 2 0.1 7.7
451k-475k 14 0
476k-500k 10 10 1 0.2 6
501k-550k 15 19 7 0.2 4.7
551k-600k 12 3 2 0 24
601k-650k 5 9 1 0.3 3.3
651k-700k 7 6 1 0.1 7
701k-750k 7 3 1 0.1 14
751k-800k 7 4 1 0.1 10.5
801k-850k 2 3 0.3 4
851k-900k 3 1 0.1 18
901k-950k 2 2 0.2 6
951k-1m 4 2 1 0.1 12
1m-1.1m 4 2 1 0.1 12
1.1m-1.2m 3 1 1 0.1 18
1.2m-1.3m 5 0
1.3m-1.4m 1 0
1.4m-1.5m 1 0
2m-2.25m 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 6 1 0.2 5
51k-75k 7 5 1 0.1 8.4
76k-100k 5 3 1 0.1 10
101k-125k 2 1 0.1 12
126k-150k 4 3 0.1 8
151k-175k 4 0
176k-200k 7 1 1 0 42
201k-225k 3 0
226k-250k 3 1 0.1 18
251k-275k 1 2 0.3 3
276k-300k 4 1 0 24
301k-325k 2 0
326k-350k 3 1 0.1 18
376k-400k 3 1 0.1 18
401k-425k 1 0
426k-450k 4 1 0 24
476k-500k 3 0
501k-550k 2 0
551k-600k 4 0
651k-700k 3 0
701k-750k 1 0.2 0
751k-800k 2 1 0.1 12
801k-850k 1 2 0.3 3
901k-950k 1 0
951k-1m 5 0
1m-1.1m 2 0
1.1m-1.2m 3 1 0.1 18
1.2m-1.3m 1 0
1.3m-1.4m 1 0
1.4m-1.5m 1 1 0.2 6
1.6m-1.7m 1 0
1.8m-1.9m 1 0
1.9m-2m 1 0
2m-2.25m 1 0
2.25m-2.5m 2 0
2.75m-3m 1 0
4m-4.5m 3 0
5.01m-6m 1 0
6.01m-7m 3 0
9.01m-10m 1 0