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
76k-100k 1 5 1 0.8 1.2
101k-125k 1 10 3 1.7 0.6
126k-150k 12 11 3 0.2 6.5
151k-175k 7 12 3 0.3 3.5
176k-200k 4 19 4 0.8 1.3
201k-225k 7 12 0.3 3.5
226k-250k 18 18 5 0.2 6
251k-275k 16 52 4 0.5 1.8
276k-300k 33 64 7 0.3 3.1
301k-325k 32 60 7 0.3 3.2
326k-350k 51 108 14 0.4 2.8
351k-375k 49 95 12 0.3 3.1
376k-400k 81 101 15 0.2 4.8
401k-425k 46 84 13 0.3 3.3
426k-450k 66 93 13 0.2 4.3
451k-475k 45 76 13 0.3 3.6
476k-500k 75 67 17 0.1 6.7
501k-550k 91 123 21 0.2 4.4
551k-600k 70 97 21 0.2 4.3
601k-650k 64 106 19 0.3 3.6
651k-700k 56 71 11 0.2 4.7
701k-750k 54 64 8 0.2 5.1
751k-800k 69 45 11 0.1 9.2
801k-850k 30 42 3 0.2 4.3
851k-900k 43 47 8 0.2 5.5
901k-950k 30 32 3 0.2 5.6
951k-1m 20 23 2 0.2 5.2
1m-1.1m 29 36 11 0.2 4.8
1.1m-1.2m 37 34 7 0.2 6.5
1.2m-1.3m 23 18 3 0.1 7.7
1.3m-1.4m 14 16 3 0.2 5.3
1.4m-1.5m 9 7 0.1 7.7
1.5m-1.6m 9 8 1 0.1 6.8
1.6m-1.7m 9 5 0.1 10.8
1.7m-1.8m 10 7 0.1 8.6
1.8m-1.9m 7 2 0 21
1.9m-2m 5 4 1 0.1 7.5
2m-2.25m 5 4 1 0.1 7.5
2.25m-2.5m 3 5 1 0.3 3.6
2.75m-3m 3 2 0.1 9
3m-3.5m 7 3 1 0.1 14
3.5m-4m 6 2 0.1 18
4m-4.5m 3 0
5.01m-6m 2 0
6.01m-7m 2 1 0.1 12
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
151k-175k 1 0
176k-200k 2 1 1 0.1 12
201k-225k 2 8 2 0.7 1.5
226k-250k 3 9 0.5 2
251k-275k 2 27 8 2.3 0.4
276k-300k 5 4 1 0.1 7.5
301k-325k 25 46 3 0.3 3.3
326k-350k 7 13 3 0.3 3.2
351k-375k 6 5 1 0.1 7.2
376k-400k 5 6 0.2 5
401k-425k 2 0
426k-450k 5 0
451k-475k 3 0
501k-550k 1 1 0.2 6
551k-600k 2 0
601k-650k 1 1 0.2 6
651k-700k 4 0
751k-800k 1 0
801k-850k 1 0
1.1m-1.2m 2 0
1.3m-1.4m 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
26k-50k 1 0.2 0
51k-75k 6 7 4 0.2 5.1
76k-100k 29 28 6 0.2 6.2
101k-125k 31 28 4 0.2 6.6
126k-150k 51 35 9 0.1 8.7
151k-175k 64 48 8 0.1 8
176k-200k 45 30 4 0.1 9
201k-225k 49 38 9 0.1 7.7
226k-250k 59 41 10 0.1 8.6
251k-275k 56 39 12 0.1 8.6
276k-300k 47 19 2 0.1 14.8
301k-325k 31 30 2 0.2 6.2
326k-350k 22 19 5 0.1 6.9
351k-375k 16 16 2 0.2 6
376k-400k 36 23 3 0.1 9.4
401k-425k 20 16 1 0.1 7.5
426k-450k 11 3 1 0 22
451k-475k 11 6 0.1 11
476k-500k 9 5 0.1 10.8
501k-550k 16 10 1 0.1 9.6
551k-600k 17 3 0 34
601k-650k 5 1 0 30
651k-700k 9 5 1 0.1 10.8
701k-750k 7 4 0.1 10.5
751k-800k 6 1 0 36
801k-850k 3 3 0.2 6
851k-900k 2 0
901k-950k 2 0
951k-1m 3 2 0.1 9
1m-1.1m 2 0
1.2m-1.3m 4 1 0 24
1.3m-1.4m 2 0
1.4m-1.5m 2 0
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 3 1 0.2 6
51k-75k 6 4 0.1 9
76k-100k 4 5 2 0.2 4.8
101k-125k 1 3 1 0.5 2
126k-150k 5 1 0 30
151k-175k 1 1 1 0.2 6
176k-200k 7 2 0 21
201k-225k 3 1 0.1 18
226k-250k 1 2 0.3 3
251k-275k 5 1 0 30
276k-300k 1 1 0.2 6
301k-325k 1 1 0.2 6
326k-350k 3 0
351k-375k 2 1 1 0.1 12
376k-400k 3 2 0.1 9
426k-450k 7 0
476k-500k 5 0
501k-550k 3 0
601k-650k 1 0.2 0
651k-700k 2 0
701k-750k 2 0
751k-800k 3 0
801k-850k 1 1 1 0.2 6
851k-900k 1 0
901k-950k 1 0
951k-1m 4 0
1m-1.1m 1 0
1.1m-1.2m 1 1 0.2 6
1.2m-1.3m 1 0
1.3m-1.4m 2 0
1.4m-1.5m 3 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 1 0
8.01m-9m 2 0.3 0