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Absorption Rate

 

Our Manatee County, Florida real estate market continues to reflect a strong Buyer's Market with a total 36.8 month absorption rate.  This is how long it would take to sell all the homes currently on the market at the rate they are selling today.

The chart above shows the absorption rate by price range.  There were no homes sold above $2 million for the month of September.

The Total Market Overview Reports below show by price range:

  • Current number of active listings
  • Number of expired listings for the month
  • Total Number of Pending Listings
  • Number of closed sales for the month
  • Absorption Rate
  • Average List Price and Average Sale Price
  • Average Days on Market
  • Market Trend: Improving or Not
  • Compared to 6 months ago
  • Compared to 1 year ago

Total Market Overview - Residential

Total Market Overview - Condo

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(Copyright © 2007 By Dan Forbes, All Rights Reserved.

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Forbes Advantage TeamDan Forbes, PL is a licensed Broker-Associate and Certified Residential Specialist serving the Bradenton - Sarasota, Florida market. He leads the Forbes Advantage Team at RE/MAX Gulfstream Realty's Lakewood Ranch Office. To learn more about buying a home or selling a home in the Bradenton - Sarasota Florida Real Estate market please visit Dan on the web at BradentonFloridaRealEstate.com ; TheRealEstateZoo.com ;   The-Short-Sale-Expert.com ; and BradentonRealEstateClub.com Please call Dan today directly at 941-713-5760 or toll free at 800-756-3068.

 
This post has been included in Florida Information Manatee County, FL Information

5 Comments on Sept. 2007 Manatee County, Florida Absorption Rate

I am glad to see someone bsides me uses this to help sellers understand how the market truly works!

10/08/2007 02:21 PM by Paul Moye, Broker, ABR, GRI, CSP, e-PRO (Keller Williams Realty Franklin )

Paul - What a great last name you have for this business.

10/08/2007 03:39 PM by Bradenton Florida Real Estate - Dan Forbes (Sarasota Metro Properties)

In the Daytona Beach Florida, we have 2.5 years of inventory right now. And we're not seeing any multi-million dollar sales either.

10/08/2007 04:51 PM by Lisa Hill (Daytona Beach Real Estate) (Adams Cameron and Company)

Dan, I just stopped by to do my part in getting you to 60,000!  I expect you'll be there before tomorrow.

Mike in Tucson

10/08/2007 06:25 PM by Mike Jones (Tucson Mortgage Company, LLC)

Dan- Sounds a lot like Palm Beach County! We have 36 months of inventory. But our higher prices homes still are selling. It is the mid range 400-600 that are taking the beating. Katerina

10/09/2007 06:35 AM by Nestor & Katerina Gasset Realtors® Wellington Florida Luxury Homes (International Properties and Investments, Inc.)

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Real Estate Agent: Bradenton Florida Real Estate - Dan Forbes (Sarasota Metro Properties)
Bradenton Florida Real Estate - Dan Forbes
Bradenton, FL
More about me…
Sarasota Metro Properties

Office Phone: (941) 713-5760
Cell Phone: (941) 713-5760
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